Thursday began with a decline on the stock market

  • MOEX Index: 3404.74 (-0.33%)
  • RTS Index: 1452.29 (-0.09%)

Russian indices are showing a slight decline at the opening of trading on Thursday.

The external background has weakened in terms of dynamics on Wall Street and, as a result, in other global stock markets. At the same time, oil prices bounced off the three-week lows ahead of today’s OPEC + meeting.

Overseas, sales in the shares of the tech sector took place again. Bank shares were growing amid rising yields on long-term government bonds. Fed officials have already started talking about the possibility of controlling the curve with operations like the twist.

Oil is rising in price today by 0.7%, to $ 64.5 for Brent. Quotations partially regained their lost ground amid rumors that OPEC + may extend the current cuts and not increase production as previously expected.

In Russia today is a day full of corporate reports.

Sberbank, M.Video-Eldorado, have already reported.

Sberbank shares are down 0.17% after the report. The company reported that 4Q07 net income was RUB 201.7 bln, beating the Interfax consensus forecast of RUB 179.8 bln.

Cherkizovo shares (+ 3.5%) continue to rise on yesterday’s dividend news. A splash of purchases took place in SAFMAR (+ 5%) shares on the news about the buyback price of 545 rubles. per share from those who disagree with the sale of NPF Safmar to the Region group.

ChelPipe shares are getting cheaper after the previous days’ growth on the news of TMK’s interest in buying the company.

The USD / RUB pair rate is down 0.23% to 73.8. The RGBI government bond index is growing for the fourth day in a row. Yesterday the Ministry of Finance held auctions for the sale of OFZ, which were not bad in terms of demand.

Leaders: SAFMAR (+ 5%), Cherkizovo (+ 3.5%), LUKOIL (+ 0.6%), Unipro (+ 0.6%)

Outsiders: ChTPZ (-2.8%), Rusal (-1.7%), MMC Norilsk Nickel (-1.5%), TMK (-1%)

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