- Moscow Exchange Index: 3565 (+ 0.1%)
- RTS Index: 1470 (+ 0.4%)
The trading session on Thursday started in the green zone. The factor of reducing geopolitical tensions has an effect, which has a positive effect on the dynamics of the ruble.
At the opening of the main trading session, Brent oil is in the red by 0.3% and is close to $ 66.1 per barrel. The coronavirus situation in Asia remains tense, putting pressure on the price of black gold.
Despite the decline in oil, the ruble looks stable. The national currency is supported by the factor of reducing geopolitical tensions after yesterday’s message from the President to the Federal Assembly. The USD / RUB rate is down 0.3% and is traded at 76.4.
After the publication of operating results for the first quarter, shares of Polymetal (+ 0.5%) and M.Video (+ 0.4%) traded slightly better than the market. The gold miner’s revenue at the beginning of the year grew by 20% yoy. The retailer reported a 13% yoy increase in sales.
On the news of the launch of buyback, securities of TCS Group (+ 0.7%) are growing. The impact on share buybacks is expected to be moderate, so the positive reaction of the quotes may be temporary.
In the list of outsiders at the opening of the En + paper. The company’s board of directors decided not to pay dividends for 2020. The news did not come as a surprise to the market, but at the moment there is a negative reaction.
Today, NLMK’s financial report for the first quarter of 2021 is scheduled to be published. The results are expected to be strong due to the rise in prices for steel products at the beginning of the year. At the same time, free cash flow may come under pressure from the growth of working capital ahead of the start of the construction season.
On Thursday, Rosneft’s board of directors will decide on dividends for 2020. In the US, reports will be presented by AT&T, Biogen, Intel, Snap.
Leaders: Raspadskaya (+ 3.1%), Bashneft-up (+ 1.8%), Mechel-up (+ 1.5%), Mechel-ao (+ 1.2%), VSMPO-AVISMA (+0 ,nine%)
Outsiders: Detsky Mir (-1.4%), Beluga (-1.0%), Rosseti-JSC (-0.9%), Inter RAO (-0.9%), En + (-0.9%)
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