The market has turned negative, developers are declining, gold mining companies are growing

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The slight optimism that accompanied the Russian market early Monday morning evaporated with the opening of the main session. The Moscow stock market index is currently down 0.21% to 2,737.39 points.

Developer stocks are trading in the red - "Aeroplane" (-2.07%), "PIK" (-1.96%), in the plus - "Seligdara" (+4.55%), YuGK (+12%), while gold is hitting new highs - it is already fetching more than $4,400 per troy ounce.

Particularly noteworthy are the securities of DOM.RF (-0.26%), which reported today according to IFRS for the 11 months of last year - the net profit increased to 78.5 billion rubles (+21%).


In general, the situation on the market looks volatile, since, on the one hand, peace negotiations on Ukraine with the participation of Russia were regularly held in the USA, which the parties described as productive, but on the other hand, the sanctions agenda does not disappear. Trading participants were also dissatisfied with the last meeting of the Central Bank of the Russian Federation this year, at which the regulator took a “modest step” of 0.5%made.

At the same time, Digital Broker analysts believe that the interest rate cut itself is positive for the stock market, and the arrival of positive news before the end of this year or in the first half of next year can immediately cause a strong positive reaction from investors.But other things being equal, the market is likely to continue to move in the rangefrom 2650-2750 of the Moscow Stock Exchange index, say experts.

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