Forecast for the Moscow Exchange index for today: 3300-3350 points


Market the day before

There was a correction on the domestic stock markets. The reason for this was the negative dynamics in foreign markets. The RTS index dropped below the psychologically significant level of 1400 points. The 20 most liquid securities closed in negative territory. The growth leaders among them were the shares of M.video (MVID 735.5, + 1.16%). The outsiders were securities of Alrosa (ALRS 100.36, -3.60). The USD / RUB pair was trading in the 75-76 range.

Market and company news

Polyus (PLZL 14,900, -1.45) is to publish production results. The consensus forecast assumes that revenue for the year amounted to $ 4,865 million, EBITDA reached $ 3,491 million, profit – $ 2,217 million.

O’Key (OKEY 64.64, -0.25) will present the operating results. The retailer’s revenue is expected to be RUB 173 billion. Financial results will be disclosed at a later date, with consensus predicting EBITDA at RUB 14.6 bln and profit less than RUB 1 bln.

Trading Ideas

Mail.Ru (MAIL 2 000.8, + 1.07%), spec. purchase, purpose: 950 rubles. From a technical point of view, a rebound to the upper border of the descending channel at around RUB 2,150 is likely.

Expectations

We expect the continuation of the correction. US stock markets went into negative territory, despite reporting and maintaining short-term monetary policy targets. Forecast for the USD / RUB pair: range 75.00-76.00. The benchmark for the Moscow Exchange index: a range of 3300-3350 points.

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