The forecast for the Moscow Exchange index for today: 3200-3250 points


Market the day before

The week started with a strong correction. The decline was led by shares of RusAl plc (RUAL 34.58, -6.01%). The leaders of growth were the shares of Polyus (PLZL 15,650.5, + 2.12%). The USD / RUB pair has jumped to its highest since the beginning of the month at 75.8.

Market and company news

The market has shown a sharp decline. The daily drop in the RTS index became the maximum since April. No significant news and statistics are released on the local market, therefore quotes follow the dynamics of external sites. Their fall is due to the news of the spread of a more aggressive form of coronavirus in the UK and the tightening of quarantine because of this in a number of European countries. However, the decline did not escalate into panic. In the US, by the evening, the market partially entered the green zone, as is often the case with bad news in other parts of the world. We believe that the information about the beginning of vaccination outweighs the negative and the global stock markets will receive support from the American market.

Trading Ideas

AFK Sistema (AFKS 27.55, -2.63), spec. purchase, purpose: 32 rubles. We are counting on a rebound after a correction of almost 20% in two weeks. The start of coronavirus vaccination is a positive driver.

Expectations

We expect mixed dynamics. We believe that the market will win back part of the fall. Forecast for the USD / RUB pair: range 73.50-74.50. The reference point for the Moscow Exchange index: a corridor of 3200-3250 points.

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