The Moscow Exchange index will hold a session within 3350-3400 points


Market the day before

Growth prevailed. Shares of Rusolov corrected after the rally of the previous trades (ROLO 11.58, -10.16%). The leaders of growth were Orgsintez securities (KZOSP 21.25, + 18.72%). Perhaps dividend expectations have begun to recoup. The USD / RUB pair remained in the 75-76 range.

Market and company news

The indices reached their highest since the end of December. The market was supported by the growth on the US stock exchanges and the rise in oil prices. At the same time, the dynamics of securities of the oil and gas sector was mixed.

Good reporting of Severstal (CHMF 1286.2, + 0.17%) and Magnit (MGNT 5024.5, -0.48%) did not become a strong driver for their quotes. By the evening, they rolled back to the levels of the previous close. Investors expect strong external signals, but they are not yet available. The American stock market confirmed the maximum on the S & P500 index, but has not yet chosen the direction of further movement.

According to our forecasts, the Russian market will trade sideways for several trading sessions. There are no local events in focus. The operating and financial results of large companies will be released only this week.

Trading Ideas

Rosneft (ROSN 486.1, -0.79%), spec. purchase, purpose: 520 rubles. The growth driver for the shares of the state corporation is the positive dynamics of oil. Brent’s reaching the $ 60 level can push the security price to the level of the previous high.

Expectations

We expect multidirectional dynamics. The market will follow the movements in external commodity and stock markets. Forecast for the USD / RUB pair: range 74.50-75.50. The Mosbirzh index will roughly hold a session within 3350-3400 points.

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