Banks and oil and gas companies will become the growth leaders


Market on the eve

The week ended with a decline. Better than the market traded shares of VTB Bank (VTBR 4 996.2, + 3.32%). The outsiders were shares of NOVATEK (NVTK 459.0, -7.57%). The USD / RUB pair closed above 75.

Market and company news

The dynamics on external sites and news are played out. The week that has begun will be held as non-working trading days. We forecast quite high activity, albeit lower than usual. At the same time, the dynamics are completely determined by external signals, since there are no significant events on the local market, and the previously planned release of reports can be postponed to the next week. The external background is calm. No significant statistics are scheduled to be published today. Tech companies are down on the back of corporate reports. Oil rose above $ 67. It is too early to make forecasts about the high probability of a correction in the Russian market in May.

Trading Ideas

Yandex NV (YNDX 4,926.4, -2.26%), spec. purchase, purpose: 5,500 rubles. The market reacts positively to strong reporting and news about the purchase of the bank, the effect of which may be noticeable as early as Q3. The IT giant intends to expand its activity in the fintech market.

Expectations

We expect mixed dynamics. The leaders of growth will come out securities of banks and oil and gas companies. The USD / RUB pair will trade within 74.50-75.50. The benchmark for the Moscow Exchange index: a range of 3550–3600 points.

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