Stock Market Review for May 27, 2021 – ForTrader.org Financial Magazine


Market on the eve

Positive dynamics prevailed. The Moscow Exchange Index has renewed its maximum. The leaders of growth among the most liquid shares against the background of financial statements were securities TCS (TCSG 5,115.2, + 6.36%). The outsiders were NLMK shares (NLMK 266.72, -3.25%). The USD / RUB pair was trading in the range of 73.4-74.

Market and company news

Polyus (PLZL 16,022, + 1.09%) will report for the first quarter under IFRS. Revenue is expected at $ 1,033 million on EBITDA of $ 731 million and net income of $ 456 million. Gold market conditions, which worsened in the first quarter compared to the previous one, are improving again. The price of a troy ounce reached $ 1900. Demand is growing amid a reduction in positions in virtual assets. Polyus shares are one of the favorites, with a long-term target of RUB 18,900.

Trading Ideas

X5 Group (FIVE 2,261.0, + 0.18%), spec. purchase, the goal is 2,400 rubles. The correction gave way to a rebound at the auction on May 21. We expect consumer stocks to demonstrate positive dynamics in the coming days. Unlike the quotes of Magnit and Lenta, X5 shares have been steadily declining for seven months in the absence of fundamental drivers. X5 will remain the largest player in its segment, long-term target for the retailer’s shares: 3,150 rubles.

Expectations

We expect multidirectional dynamics. Another update of the maximum on the Moscow Exchange index is not ruled out. Forecast for the USD / RUB pair: range 73.00-74.00. The benchmark for the Moscow Exchange index: the corridor 3700-3730 points.

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