On Monday, the Russian stock market was able to move to growth on a positive external background. Thus, our shares were supported by the dynamics of the energy market, where the nearest futures for crude oil could add 1.3%, rising above $110 per barrel. Plus, the demand for risk remains on the world markets, which resulted in the growth of the markets of developed countries. So, in Europe, by the evening, the main indices added within 0.9%, and in the US during the first hour and a half of trading, the indices rose by 0.2% and 0.3%, respectively. Against this background, by 18.00 Moscow time, the Moscow Exchange index rose by 0.7%, rising to 2,408 points. The leaders of the trades were papers of Petropavlovsk and PIK (MCX:), adding more than 8.5%. Polymetal (MCX:) and Polyus (MCX:) traded worse than the market, losing 3.8% and 3.4%, respectively. It should be noted that in the course of trading it was possible to gain a foothold above 2,400 points. He took another step towards the upper limit of the consolidation in the form of a converging triangle, passing in the area of 2,435 points. In the event of a breakdown of this border, a signal will be given for the market to move to a full recovery, and the nearest target for the Moscow Exchange index may be the area of 2,800 points.
On the currency section of the Moscow Exchange, the ruble strengthened again against the major world currencies. So, by the end of the main session, the dollar lost 0.3%, retreating below 53.3 rubles, fell by 0.2%, to 56 rubles. Note that at the beginning of the session, the pair made an attempt to transition to recovery and at the moment even reached the level of 54.5 rubles. However, the increased supply of foreign currency by exporters led to a rapid offset of growth and the transition of the dollar under Friday’s closing levels. At the same time, in the second half of the day, despite the passage of the peak of tax payments today, the US currency was unable to move to corrective growth. In the coming sessions, the dollar may try to win back some of the losses in the second half of June and reach the area of 55 rubles, but this requires a reduction in supply from exporters, which has not yet been observed.