Shares of Russian companies rise amid Trump’s expected victory

The Moscow Stock Exchange index reached its maximum of 2,712.22 points, adding 3.66% compared to the previous close. The RTS index rose 3.66% to a high of 871.3 points. At the time of this publication (13:12 Moscow time), the Moscow Stock Exchange index was 2,687.5 points (+2.71%), the RTS index was 863.3 points (+2.71 %).

The leader in growth was Aeroflot quotes; At the high of the day, the company’s shares were trading at 59.6 rubles per share, increasing its price by 7.83%. The values ​​of Ozon (+7.68%), AFK Sistema (+5.96%), Gazprom (+4.95%), Tatneft (+4.61%), MMK also showed strong growth “(+3 .65%), Unipro (+4.26%), Alrosa (+5.15%), Rusala (+3.39%), Norilsk Nickel (+3.49%) and Sberbank (+3.24%) .

The growth of the Russian stock market is corrected with the fall in Brent oil futures to $74.05 (-1.96%). The exchange rate of the yuan against the ruble also fell by 1.11%.

According to Alexey Antonov, an analyst at Alor Broker, Trumpist optimism in the Russian stock market is unviable in the medium and long term. “Most analysts and political scientists expect Trump to start new trade wars with China. The consequence of this will be a drop in Chinese production and, consequently, in demand for raw materials, which is negative for the Russian raw materials sector,” the expert said.

Trump’s new term could also lead to a rise in global inflation, leading to a tightening of policy by the US Federal Reserve. This “is also negative for raw materials,” Antonov emphasized.

Although the official vote count in the US presidential election has not yet been completed, according to all available models, Trump is guaranteed to ascend to the presidency; For example, these forecasts were given by Fox News, the New York Times and CNN. The Republican already declared his victory during a speech at his residence in Mar-a-Lago (Florida), promising the United States a “new golden age.” Of the six states where election results have not yet been counted, Trump has a significant lead in five. Additionally, Republicans regained control of the Senate and won most of this year’s gubernatorial election.