Stock Market Review for July 5, 2021 – ForTrader.org Financial Magazine


Market the day before

During the Friday session, there was mixed dynamics. At the same time, the Moscow Exchange index closed at the highest level in the entire history of trading on this site. The growth leaders were again the shares of Mother and Child Group (MDMG 878.9, + 9.33%). The shares of TGK-1 (TGKA 0.011224, -7.85%) looked worse than the market against the background of the closing of the dividend register. The USD / RUB pair was trading in a range of 73-74.

Market and company news

The Moscow Exchange (MOEX 171.38, + 0.05%) expects a boom in share placements on its site. Currently, about 10 IPO and SPO transactions are being prepared. This is certainly good news, meaning that interest in the stock market is growing from both investors and issuers. Thus, in June, the trade turnover increased by 12% y / y, to 81 trillion rubles.

Trading Ideas

Bashneft, JSC (BANE 1118, -0.04%), spec. purchase, purpose: 1250 rubles. Over the year, quotes fell by 40%, despite the absence of pressure from fundamental factors. Last week there were significant sales of shares, which is similar to the closing of positions of a major player. As a result, we forecast a significant rebound in quotes.

Expectations

We expect mixed dynamics. The external background is positive. The leaders may be the shares of the commodity segment. Forecast for the USD / RUB pair: range 72.50-73.50. The reference point for the Moscow Exchange index: 3850-3900 points.

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