»Sales on the stock market go on a wide front

  • MOEX Index: 3442.39 (-0.36%)
  • RTS Index: 1457.88 (-0.59%)

Russian indices are falling at the opening of trading on Monday amid deteriorating external background. Futures on the S&P 500 sank 0.6% in the morning, oil is falling 1.3% on the Brent mark.

In the first minutes we see a fairly wide front of sales, with the exception of isolated cases. Among blue chips, the most significant decline was seen in Rosneft shares (-2.7%), while Sberbank and Gazprom lost about 1.3%.

At the same time, TCS shares continue to rise in price by another 4%. On Friday, the paper showed double-digit gains on news that the majority shareholder’s stake fell from 84% to 35%.

Also, RusHydro shares look good against the general background, adding 2.3%. Kommersant announced today that the company expects significant growth in financial performance in the coming years. “The draft business plan of the state company includes a forecast for the growth of net profit in 2021 by 43% at once, to 47.86 billion rubles,” the newspaper notes.

The USD / RUB pair is growing by 0.3% to 74.37.

Leaders: TCS (+ 4%), Russneft (+ 3.5%), RusHydro (+ 2.3%), Lenta-dr (+ 2%)

Outsiders: Rosgosstrakh (-13%), NKHP (-4%), Rusolovo (-3.7%), Rosneft (-2.7%)

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