Good reports gave reason for the growth of the stock market – ForTrader.org financial magazine


  • Moscow Exchange Index: 3738 (+ 0.4%)
  • RTS Index: 1598 (+ 0.8%)

On Thursday, the Russian stock market started the trading session with growth. The leaders after the publication of reports are the shares of M.Video and MMK.

Brent futures, after a 4.1% rebound on Wednesday, slowed down their rise today. At the barrel open, Brent is trading at $ 72.3, gaining 0.1%. The driver of the rise the day before was the positive data from the US Department of Energy, which returned optimism to the market participants. There is no certainty of consolidation at the achieved levels yet.

The USD / RUB pair is losing 0.3% to 73.8. The rise in oil prices is supporting the national currency. A meeting of the Central Bank of the Russian Federation will take place on Monday, at which a decision on the key rate will be made.

After the publication of the financial report and recommendations on dividends for the II quarter, MMK shares are growing by 1.5%. At the beginning of the trading session, securities rank second in terms of trading volumes. Strong growth in financial metrics was driven by the rise in steel prices.

M.Video shares gained 2.8%. The company announced a 38% y / y growth in sales in the second quarter of 2021. The securities have been looking depressing in recent months, but the long-term outlook on them remains positive.

The rally continues in Airplane shares. The securities can be called one of the fastest growing on the Russian market in 2021. Despite the prospects for business growth and improving financial metrics, at the moment the securities look very overheated, so entry at current levels is associated with increased risks of a corrective pullback.

After the rise the day before, Beluga shares continue to rise. The instrument is not characterized by high liquidity, and the concentration of speculative capital in the paper is quite high. The amplitude of fluctuations may be increased in the coming days. The long-term outlook for the stock is positive.

NLMK is expected to publish its 2Q09 financials today. In the US, reports will be presented by Intel, Abbot Labaratories, AT&T, Union Pacific, Twitte, Newmont, Biogen, etc.

Leaders: Airplane (+ 4.8%), Beluga (+ 3.8%), M.Video (+ 2.8%), Mother and Child Group (+ 2.5%), Russian Aquaculture (+2 ,one%)

Outsiders: Lenzoloto-up (-4.3%), Lenzoloto-up (-2.9%), Fix Price (-1.1%), PhosAgro (-0.7%), HeadHunter (-0.7% )

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