The leader of the Russian stock market changed yesterday, November 28, at 14.10 Moscow time. By that time, Rosneft shares had fallen in price by 2% to 334.5 rubles, the capitalization of the state-owned company amounted to 3.546 trillion rubles. Sberbank also fell in price, but more slowly: ordinary shares - by 0.6%, and preferred shares - by 0.2%. As a result, the capitalization of the state bank exceeded 3.557 trillion rubles. By evening, Rosneft regained its leadership. By the end of trading at 18.45 Moscow time, it was worth 3.567 trillion rubles, the capitalization of Sberbank did not change - 3.557 trillion rubles.

Since the beginning of the year, Rosneft has risen in price by 30%, and Sberbank - by 60%, the MICEX index has grown by 19%. , in capitalization Both companies have overtaken the long-term leader, Gazprom . Rosneft did this in April, and Sberbank in August. Sberbank has previously overtaken Rosneft in terms of capitalization, explains a person close to the state bank, they just paid less attention to this before, since it was not about first, but about second place.

Analysts believe that Rosneft will not give up its championship. The consensus forecast of analysts surveyed by Bloomberg suggests that in the coming year the prices of ordinary shares of Sberbank will increase by 10%, and that of Rosneft by 13.5%.

“Sooner or later, the capitalization of Sberbank will consolidate above the capitalization of Rosneft,” says BCS trader Maxim Ryabov. “The question is the strategy and perception of the companies: Rosneft is the past, and Sberbank is the future.” The world is changing rapidly and may shift to other energy sources, which means oil companies must diversify as well. “And [Sberbank President] German Gref constantly travels to Silicon Valley, at every conference he talks about new technologies and changes the company,” he continues. Last week, Sberbank launched the “Open Data” project - the state bank systematizes and summarizes data based on information about its clients, and these are 140 million private and 1.5 million corporate clients, recalls Ryabov.

Rosneft quotes depend on many factors: oil prices, political news, recalls Raiffeisenbank analyst Andrey Polishchuk. He recalls that a meeting of OPEC member countries is expected on November 30, at which they must agree to limit oil production. Yesterday, OPEC countries were supposed to hold negotiations with countries outside the cartel, but the meeting was canceled - this led to a fall in oil prices.

A Sberbank representative declined to comment. A Rosneft representative did not respond to Vedomosti’s request.

Money is more valuable than oil