Interest in shares of gold mining companies due to strong growth in prices for precious metals in European sites

By the middle of the trading session, Russia's stock indices continued to rise. MICEX index rose to a mark of 1,093.15 points (1.53%), RTS index - rose to a mark of 1072.11 points (1.80%). Active players in the market in the middle of the day above the average. Turnover of shares on the MICEX is more than 28 billion rubles.

External information background positive. Oil futures have a moderate growth: futures for Brent crude rose to a mark of $ 68.24, a mixture of WTI - up to $ 68.93.

leader of growth in Russia's stock market are PolyusZoloto (6.72%). Interest in shares of gold mining companies due to strong growth in prices for precious metals in European venues. To join the fast Sberbank. Yesterday, September 2, Sberbank ordinary shares were traded better than the market has declined by only 0.77%, while the MICEX index dipped 2.56%. Today, shares of Sberbank also looks better than the market, adding more than 4%.

Trading on Paper Savings Bank yesterday held against a background of information that the bank is going to conclude with Don Story memorandum of settlement of the debt at $ 500 million, according to which the bank gets most of the shares of a subsidiary of Dong - Building LTD DS Development. However, the company Don Story has officially denied this information.

Some analysts attributed the growth of Sberbank interest from large investors. Also supporting the shares of the Savings Bank may have an increase in CDS on the credit risks of the Savings Bank of America and the weakening dollar. The latter, however, may have a positive impact on Russia's market as a whole.

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Analyst Ratings


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