The index of the Moscow Exchange, the fall of Polyus shares and the jump in oil prices: digest
The market began a correction after negotiations between Russia and the United States. In the outsiders was "Pole." Meanwhile, oil prices are again above $110 a barrel
Mobiri Index
The Russian stock market on Wednesday, October 22, showed a slight decline. The index of the Moscow Exchange (IMOEX) at the end of the main session fell by 0.93%, to 2446.87 points.
The main driver for the Russian stock market remained geopolitics. On Wednesday, Russian President Vladimir Putin held talks with the special envoy of the President of the United States Stephen Whitkoff. In the middle of the day after a sharp increase in the indicator against the background of the news that Russia in November is ready to return to the format of trilateral negotiations, the index of the Moscow Exchange went down. At a minimum, the index fell to 2428.15 points, but then played back part of the losses.
Apparently, investors recorded a part of the profit, which was obtained on expectations of the receipt of encouraging geopolitical signals, while the market retains the basis for growth, believes analyst of Veles Capital Elena Kozhukhova.
X5 shares rose in price (+1.1%) on the eve of the recommendation of the board of directors on dividends, as well as Inter RAO (+3.4%), the Sinara investment bank noted. The most noticeably corrected papers “Polyus” (-3.8%) and “Severstal” (-2.4%) after the rally of recent weeks.
On the morning of Thursday, October 22, the Mosbirzhit index according to 8:02 MSK decreased by 0.05% to the close of the main trading of the previous day, to 2445.6 points.
In general, the news of international politics, although it did not justify, apparently, the overly optimistic hopes of a number of bidders, but did not give rise to a large-scale sale. Taking into account the rebound in bonds after yesterday’s strong results of the auctions of the Ministry of Finance, the surprise with a decrease in inflation expectations of the population and a slowdown in weekly inflation, it is possible to expect that before tomorrow’s meeting of the Board of Directors of the Central Bank at the key rate, the market will not abandon attempts to move up, analysts say.
Why Polus shares fell
On Wednesday, Polyus quotes decreased by 3.77%, to .1134. In the morning on Thursday, the shares are also in the leaders of the fall in the Moscow Exchange index, according to 08:21 MSK losing 1.1% and trading at х 1121.4.
The price is pressured by both the strengthening of the ruble and the decline in the cost of gold, said Vasily Karpunin, head of information and analytical content at Alfa-Investments. BCS World of Investments expert Mikhail Seltzer also noted that the shares are adjusted after a week-long rally (last week they rose by 16%).
Seltzer believes that the connection between the price of Polyus shares and the price of gold is broken, there is a lot of speculative inflow in the securities, there is no oversold. BCS believes that quotations may decrease even further - while closer to ,1100. The target price for shares in the broker is even lower at м1000.
Oil prices
On Thursday morning, December futures for Brent oil at ICE Futures rose at 08:10 GMT by 2.1%, to $111.1 per barrel.
Oil prices rose due to the escalation of the situation in the Middle East. Due to the strikes on the Shayba field of Saudi Aramco in Saudi Arabia, two people were killed, but the work of the enterprise continued, Bloomberg reports. The attack also hit King Fahd International Airport in Saudi Arabia. The U.S. has ordered the evacuation of staff and family members from U.S. embassies in the kingdom.
Corporate events
MMK: operating results for the third quarter of 2026; Acron: VOSA. The agenda includes the distribution of part of retained earnings based on the results of previous years, including the payment of dividends.
Other important developments
The Bank of Russia will publish indicators of the adequacy of international reserves, the total volume of international reserve assets, a review of the banking system, data on securities issued on the domestic market; Turkey: meeting of the Central Bank at the rate of 14:00 GMT; USA: the number of initial applications for unemployment benefits — 15:30 MSK; USA: oil reserves according to EIA — 19:00 MSK.
