Moscow Exchange Index benchmark: 3510-3550 points


Market the day before

Trading dynamics were mixed. The growth leaders among the most liquid were the shares of AFK Sistema (AFKS 36.12, + 3.60%) and Phosagro (PHOR 4 343, + 3.71%). The outsiders were Tatneft papers (TATN 578, -1.70%). The USD / RUB pair dropped below 77.

Market and company news

Alrosa (ALRS 104.79, + 0.43%) is to publish data on sales for March. Investors have already won back expectations of a recovery in the diamond market, but quotes may continue to rise. Several unique lots were supposed to be sold at the auction in March, the volume probably increased significantly compared to February. The company is taking additional measures to stabilize the market. The production plan for the current year is rather conservative: 31 million carats. Against the backdrop of a gradual increase in demand, this will help balance the market.

Ozon.ru (OZON 4 481.5, -1.88%) can be added to MSCI. One of the major banks notes that the issuer formally meets the criteria for inclusion in the prestigious index in May. However, there is no guarantee that the index committee will prefer Ozon to other candidates. It often takes a long time before being included in the index, and OZON shares are traded for less than six months. We do not recommend investors to speculatively play this news.

Trading Ideas

Mail.Ru (MAIL 1 740.6, – 0.42%), spec. purchase, purpose: 2000 rubles. There is no negative news background. Shares are traded near the support of 1,700 rubles.

Expectations

We expect growth within 1%. The technical picture for many first-tier securities is shaping up in favor of positive dynamics on the horizon of the week. Forecast for the USD / RUB pair: range 76.50-77. The benchmark for the Moscow Exchange index: 3510-3550 points.

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