The Moscow Exchange index will fluctuate between 3450-3500 points

Market the day before

Negative dynamics prevailed. The growth leaders were the shares of VSMPO-Avisma (VSMO 26,020, + 3.67%). The list of outsiders included shares of Rosseti (RSTI 1.5074, -3.82%). The USD / RUB pair was trading in the 75-76 range.

Market and company news

The Ministry of Finance canceled the OFZ auction. The market situation is unfavorable for the placement of government bonds. The government bond price index is at its lowest for the year. The yield on ten-year OFZs reached 7.3%. The main reason for this was the outflow of non-residents.

The Ministry of Finance, in our opinion, has chosen the right tactics. Giving a large premium to the market now makes no sense, and there is no need for urgent borrowing. The demand for OFZs will recover when inflation stops growing and the ruble exchange rate stabilizes. The USD / RUB pair has reached the upper border of a wide sideways corridor, which it has been in since the end of last year.

An additional reason for the weakening of the ruble is the correction of the oil price, due to fears of an oversupply. Oil quotes may stabilize after the publication of data on US reserves. Exit of the USD / RUB pair upward from the corridor 73-76 can lead to a rebound, so the bond market will be in tension in the coming days.

Trading Ideas

MTS (MTSS 316.70, -0.83%), spec. purchase, purpose: 335 rubles. The carrier’s stock acts as a defensive tool in the event of a correction. The technical picture indicates an upward reversal.


We expect negative dynamics. The external background is moderately negative. Forecast for the USD / RUB pair: range 75.00-76.00. The Moscow Exchange index will fluctuate between 3450-3500 points.

  • More forecasts and news on the Fortrader channel in Telegram

Market forecasts, analytics and stock news

Libertex [CPS] WW



MTP Procurement Management Procurement Bidding SRM Cost Optimization Team Management Cost Management SAP ERP Management Skills SAP ERP 1C Supply Control SAP / SRM SAP / R3 Analytical Thinking Working with Suppliers Result Oriented System Thinking Process Management Strategic Planning Project Management MsOffice Negotiations with company top officials Organization of procurement procedures Oil trading

Read Previous

Investments. The essence and types of capital investment. Investing in stocks and forex

Read Next

The decline in GBPUSD may continue with targets at 1.3670 / 60, 1.36425 and 1.3609