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Russian stock market opens March 24 2022 first time since start of war


The ruble-based MOEX Russia index edged up to 3,478 on Monday, picking up the morning pace thanks to earnings and dividends announcements.

The largest wins came from Rosseti (3.7%), Surgut (2.6%), Ozon (2.3%), NLMK (2.3%), and Severstal (2%).

Surgut rose after increasing its net profit by 4 times in the Q1 of 2024 compared to the same period of 2023, while Lukoil added 1.7% having approved dividends in the amount of 498 rubles per share for 2023.

Also, Moex and Sovcomflot advanced by 1.1% each, with the former benefiting from a hawkish tone of CBR officials and the latter being boosted by the resumption of oil deliveries to India.

On the other hand, Mechel (-2.8%), MosEnergo (-1.3%), VK (-1%), and Nornickel (-0.9%) declined.

Coal miners Mechel and Raspadskays showed opposite dynamics despite the decision of the country's government to lift of export duties on thermal coal and anthracite for the period from May 1 to August 31, 2024.
 

The ruble-based MOEX Russia index closed below flatline at 3,469 on Tuesday, halting three sessions of marginal gains, as investors refrained from making big decisions ahead of May holidays.

Among sectors, telecommunications and metals & mining were driving the losses, while electric utilities and construction increased.

As for individual stocks, Polus (-2.3%), Mechel (-1.6%), GLTR (-1.6%), Seligdar (-1.6%) and Samolet (-1.6%) declined.

Gold miners Polus and Seligdar were penalized by the fall in precious metals.

Meanwhile, modest gains were seen by Positive Group (2.2%), Rosseti (1.7%), PIK (1.1%), Magnit (0.8%), and NLMK (0.8%).

On the geopolitical front, the US allowed transactions with Russian banks for settlements in the energy sector.
 
Russian forces used cluster munitions on civilians at Odessa yesterday.

War criminals..
 

The ruble-based MOEX Russia index closed below flatline at 3,469 on Tuesday, halting three sessions of marginal gains, as investors refrained from making big decisions ahead of May holidays.

Among sectors, telecommunications and metals & mining were driving the losses, while electric utilities and construction increased.

As for individual stocks, Polus (-2.3%), Mechel (-1.6%), GLTR (-1.6%), Seligdar (-1.6%) and Samolet (-1.6%) declined.

Gold miners Polus and Seligdar were penalized by the fall in precious metals.

Meanwhile, modest gains were seen by Positive Group (2.2%), Rosseti (1.7%), PIK (1.1%), Magnit (0.8%), and NLMK (0.8%).

On the geopolitical front, the US allowed transactions with Russian banks for settlements in the energy sector.
 
The US sanctioned more than 280 individuals and entities to impose additional costs on Russia for both its external aggression and domestic repression. In particular, sanctions were introduced due to the use of chemical weapons by Russia against Ukraine.

state.gov

Russia ia a Criminal mafia with genocidal tendancies
 

The ruble-based MOEX Russia index edged up to 3,478 on Monday, picking up the morning pace thanks to earnings and dividends announcements.

The largest wins came from Rosseti (3.7%), Surgut (2.6%), Ozon (2.3%), NLMK (2.3%), and Severstal (2%).

Surgut rose after increasing its net profit by 4 times in the Q1 of 2024 compared to the same period of 2023, while Lukoil added 1.7% having approved dividends in the amount of 498 rubles per share for 2023.

Also, Moex and Sovcomflot advanced by 1.1% each, with the former benefiting from a hawkish tone of CBR officials and the latter being boosted by the resumption of oil deliveries to India.

On the other hand, Mechel (-2.8%), MosEnergo (-1.3%), VK (-1%), and Nornickel (-0.9%) declined.

Coal miners Mechel and Raspadskays showed opposite dynamics despite the decision of the country's government to lift of export duties on thermal coal and anthracite for the period from May 1 to August 31, 2024.
 
The United States has accused Russia of using chemical weapons, including poison gas, “as a method of warfare” against Ukrainian forces, in violation of a global ban on the use of such weapons.

The State Department said in a statement this week that Russia had used chloropicrin, a “choking agent” widely used during World War I, as well as tear gas, against Ukrainian troops. The use of these gases in warfare is banned under the Chemical Weapons Convention, an arms control treaty ratified by more than 150 countries, including Russia.

Russia is a Criminal mafia with genocidal tendancies.
 

The ruble-based MOEX Russia index pared early losses and closed near the flatline at 3,442 on Friday, marking a 1% drop on the week as investors continued to assess the latest corporate developments.

Gas giant Gazprom sank 1.7%, stretching the 3% drop from the prior session as analysts assessed dividend expectations following the company’s larger-than-expected asset impairment.

Also, gold miner Polus dropped close to 1.2% as markets continued to digest the Russian government’s decision to cancel duties and introduce an additional mineral extraction tax on gold from June.

On the other hand, Seligdar outperformed the gold sector with a 1.9% jump after its board announced it would pay RUB 2 per share in dividends.

12 MOEX CHART
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800 days of Ukraine's resistance to Russia's full-scale invasion...


Russia is a Criminal mafia with genocidal tendancies
 

The ruble-based MOEX Russia held its early decline and closed 0.2% lower at 3,436 on Monday, extending the drop from the prior week, as investors continued to assess Russia’s economic outlook and the latest corporate developments.

Gazprom shares dropped 1%, extending the 6% plunge from the earlier week to trade close to its lowest level since 2019 as investors continued to digest the gas giant’s pessimistic performance.

The company reported its first annual loss in 20 years in 2023, as gas sales more than halved in the period, pressured by the fallout of Russia’s invasion of Ukraine and the sharp decline in business with Western countries.

In the meantime, Lukoil also dropped by 1% as the increase in prices of Arab Light by Aramco was taken as another signal that Russia will extend its output cut past the second quarter.

In the meantime, BSP closed 6.7% down as the stock was detached from dividends.
 

The ruble-based MOEX Russia Index was 0.4% down to hover at the 3,420 mark on Tuesday, extending the index’s muted momentum to a one-month low as sanctions and foreign restrictions continued to hamper the Russian corporate backdrop.

Oil giant Lukoil was among the top losers for Russian blue chips in the session, dropping nearly 4% as it was detached from its dividends. Its board previously decide to pay off nearly RUB 500 per share, yielding 6.1%.

In the meantime, Gazprom held its recent poor momentum total an 8% plunge in the last three sessions. The giant previously reported its first annual loss in 20 years in 2023, as gas sales more than halved in the period, pressured by the fallout of Russia’s invasion of Ukraine and the sharp decline in business with Western countries.

Lastly, miners averaged losses halfway through the week, with Polus dropping 1.5% to lead losses for bullion-focused companies, while NorNickel lost nearly 1% to set the pace for base metal miners.
 
Inaugurated today, the new president of Russia, Vladimir Putin, promised to fix all mistakes made by previous presidents.
 
Inaugurated today, the new president of Russia, Vladimir Putin, promised to fix all mistakes made by previous presidents.

Actually, I don’t know if that is funny or not. After all, he believes that the Soviet Union must be reconstructed.
 

The ruble-based MOEX Russia index held its muted momentum to close marginally above the flatline at 3,432 on Wednesday, enough to halt a five-session losing streak but refraining from significantly rebounding as markets continued to assess how sanctions hamper the Russian corporate backdrop.

Gazprom shares closed flat after tanking as much as 8% since last week as investors speculated on future sales without European clients and extraordinarily high natural gas prices.

Results released last week showed that the gas giant recorded its first annual loss in 24 years, and the outlook remained pessimistic as Europe’s LNG demand is muted and the future of the Power of Siberia 2 pipeline remains uncertain.

In the meantime, miners were mixed with Seligdar dropping 0.6%, but NLMK added 0.7% amid growing expectations that the company may return to paying out dividends this year.
 

The ruble-based MOEX Russia index held its muted momentum to close marginally above the flatline at 3,432 on Wednesday, enough to halt a five-session losing streak but refraining from significantly rebounding as markets reduced their activity amid May holidays and continued to assess how sanctions hamper the Russian corporate backdrop.

Gazprom shares closed flat after tanking as much as 8% since last week as investors speculated on future sales without European clients and extraordinarily high natural gas prices.

Results released last week showed that the gas giant recorded its first annual loss in 24 years, and the outlook remained pessimistic as Europe’s LNG demand is muted and the future of the Power of Siberia 2 pipeline remains uncertain.

In the meantime, miners were mixed with Seligdar dropping 0.6%, but NLMK added 0.7% amid growing expectations that the company may return to paying out dividends this year.
 

The ruble-based MOEX Russia index rose to 3,449 on Friday, closing in the green for the second session, as investors turned their attention to commodities in absence of corporate news.

The metals and electric utilities sectors were leading the gains.

Meanwhile, traders also welcomed the news about President Putin's appointment of Mikhail Mishustin for the post of Prime Minister.

Among individual stocks, miners Mechel, Polus, and Seligdar advanced the most, up by 3.7%, 3.1%, and 2.7%, respectively, thanks to the positive momentum for gold and iron ore.

On the side of losses, Rusal (-1.1%), Ozon (-1.1%), and GLTR (-1.1%) underperformed.

On the holiday-shortened week, the index ended flat, affected by reduced activity, disappointing corporate results and fresh taxes.

MOEX 12 MONTH CHART
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The ruble-based MOEX Russia index edged up to 3,457 on Monday, advancing for the 3rd session thanks to gains in tech and transport sectors.

Meanwhile, investors digested fresh corporate updates and CBR's macoeconomic forecasts, and awaited the monthly inflation reading later in the week to get a better understanding of monetary policy by the central lender.

Among individual stocks, MMK (4.2%), Aeroflot (2.2%), Ozon (1.9%), and Rosneft (1.6%) increased the most.

On the negative side, Ros Agro (-2.7%), Surgut (-2.2%) and Seligdar (-1.8%) declined.

The former was penalized by disappointing financial results, with the company's net profit plunging by 68% to RUB 3,677 million in the Q1 of 2024 compared to the same period of 2023.

Ros Agro's board also decided not to pay dividends for 2023 and focus on growth.

In other news, M.Video's (-0.1%) board approved an additional issue of 30 million shares, which is 17% of the capital; the main shareholder, SFI, previously agreed to buy the issue.
 

The ruble-based MOEX Russia index closed muted at 3,463 on Tuesday, as investors continued to weigh the monetary policy outlook by the CBR after the minutes from its last meeting showed the officials remained hawkish in their projections and didn't exclude the possibility of another rate hike this year.

Among sectors, gains in the IT and transport offset losses in consumer goods and telecommunications.

As for individual stocks, VK (4%), Aeroflot (3.8%), and Sistema (3.1%) boasted the largest wins.

Also, Sberbank ended 1.1% higher after publishing improved financial results for April.

Under the RAS, the lenders' net profit for the first 4 months of 2024 increased by 5.1% year-on-year to RUB 495.1 billion.

Meanwhile, Surgut (-1.4%), Novatek (-1.3%), and Gazprom (-1%) dropped.
 

The ruble-based MOEX Russia index closed little changed at 3,470 on Wednesday, showing muted dynamics over the week marked with CPI figures.

The country's inflation data for April will be published this Friday and could give investors more clarity on CBR's future decisions after the minutes from regulator's last meeting showed the monetary easing was unlikely to commence soon and rate cuts were still on the table.

Meanwhile, today, the market digested upbeat trade figures, with the country's trade surplus growing to its largest since December 2022.

On the corporate front, the increases were recorded by Aerolot (4%), Rusal (3.8%), AFK Sistema (3.2%), and Polus (2.6%). Polus and Rusal got a boost from higher prices of gold and aluminum.

Also, M.Video shares went up by 2.6% after the company revealed positive operating results for Q1 of 2024, with the gross sales rising by 24% yoy to RUB 98 billion.

On the opposite side, Surgut (-4.3%), Inter (-1.8%), and Unipro (-1.5%) fell.
 

The ruble-based MOEX Russia index rose to 3,486 on Thursday, picking up the morning pace, driven by corporate updates.

The earnings season continued in Russia with Rostelecom and Sovcombank' accounts. Rostelecom shares shot up by 6.2%.

The company disclosed a 28% decrease in its net profit in Q1 of 2024 compared to the same period of 2023.

However, market sentiment was driven by the announcement of IPO for its subsidiary, the RTK-DPC.

The other winners included Moex (2.5%), GLTR (1.6%), and Tatneft (1.1%).

In contrast, PIK (-2.4%), Rusal (-2.4%), Samolet (-1.9%), Seligdar (-1.5%), and Aeroflot (-1.3%) declined.

Rusal's board of directots decided not to allocate dividends for 2023, while Aeroflot fell ahead of tomorrow's negotiations between FAS and its management on pricing.

Also, Sovcombank lost 2.4%, having revised downwards its revenue projections for 2024 due to high-for-longer monetary stance by the CBR.
 
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