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

The ruble-based MOEX Russia index rose by 1.77% to 3,111 on Friday, advancing for the second session as the IT, construction, and financial sectors led the gains.

PIK (5.4%), MOEX (4.6%), Rosseti (2.8%), Rostelecom (2.5%), and Alrosa (2.3%) increased the most, with the latter scheduling the meeting of its supervisory board for August 26.

Meanwhile, GLTR was the main laggard, down by 0.8%.

Investors continued monitoring situation with ruble and China after Evergrande Group, one of the country's largest real estate development companies, has filed for bankruptcy in a court in New York.

Weekly, the index decreased by 1.4%.





The ruble-based MOEX Russia index rose to the 3,139 mark on Monday, closing the third session in the green and approaching the one-and-half-year high.

The top performers were Renaissance Insurance (12.9%), NMTP (9.6%), Sovkomflot (5.9%), and Magnit (5.3%).

Novatek also grew by 1.4% after the company announced its board of directors would hold a meeting on August 25th to decide on dividends for the first half of the year.

Meanwhile, the largest laggards were Alrosa (-2.3%), BSP (-1.1%), and MOEX (-0.9%).

On the macroeconomic front, investors continued assessing the extent of policy measures from China's government and awaited the Federal Reserve's Jackson Hole annual symposium later in the week.


The ruble-based MOEX Russia index rose for the fourth session to 3,164 on Tuesday, returning to pre-war highs, lifted by Lukoil gains.

The oil major increased 4.8% after it asked Russian authorities for permission to buy back up to 25% of the company's shares from non-resident investors at a discount of at least 50%, the Interfax reported.

The other protagonists were Ozon Holdings (2.9%), Severstal (1.7%), MOEX (1.4%), and Raspadskaya (1.45%).

Also, Yandex advanced by over 1%, helped by news about the launch of sales on furniture under its own brand.

Conversely, the heaviest losses came from NMTP (-2.4%), Sovkomflot (-2.2%), Rosseti (-1.6%), VK (-1.5%), and M.Video (-1.5%).

Investors continued monitoring BRICS summit and awaited the meeting of central bankers in Jackson Hole on Thursday.


The ruble-based MOEX Russia index fell to 3,146 on Wednesday, breaking its four-day rally and deepening the morning decline, as investors digested fresh corporate news and awaited the meeting in Jackson Hole.

Ozon Holdings became the main laggard, down by 2.5% on the day it denied any dividends payments and reported a 1.8% increase in losses for Q2 of 2023 compared to the Q2 of 2022.

Also, MOEX dropped by 2.2% due mainly to 23.8% decrease in its net interest income for the three months to July.

In other news, Russian authorities announced working on a draft presidential decree to give the country's retail investors a way to unblock their frozen assets held in overseas accounts


The ruble-based MOEX Russia index dropped for the second session to 3,137 on Thursday, pressured by losses in chemicals and telecommunications and the overall cautious mood ahead of key speeches from bankers at Jackson Hole Symposium on Friday.

Renaissance Insurance (-2.5%), Raspadskaya (-1.9%), and TCSG (-1.1%) led the decline.

On the other hand, solid gains were recorded by BSP (5.3%), PIK (3.9%), GLTR (3.4%), Sovkomflot (2.9%), and Severstal (2.6%).

Also, VK shares rose by 2.4% on news of the acquisition of the rights to broadcast 68 matches of the fourth season of the Media Football League.

Meanwhile, Gazprom added 0.9%, reversing earlier falls mainly due to announcement of dividend payment.

On the political arena, investors followed BRICS summit as South African President Cyril Ramaphosa stated that Egypt, Argentina, Iran, Saudi Arabia, the United Arab Emirates and Ethiopia will be joining the organization in 2024.


The ruble-based MOEX Russia index edged up to 3,157 on Friday, following two sessions of declines, as investors appeared to shrug off the hawkish comments of Powell at Jackson Hole.

Sovkomflot (3%) and GLTR (1.2%) led the rise.

Conversely, M.Video was the main laggard, down by 4.1% on disappointing half-year results which showed the company's net losses amounted to 4.6 billion rubles or 0.8% increase compared to the same period of 2022, mainly due to high base effect.

Also, BSP (-2.4%), Ashinskiy Metzavod (-1.3%) and VK company (-0.9%) recorded losses.

Meanwhile, Novatek slid by 0.1% despite the announcement of higher dividends. Weekly, the index grew by 1.5%





The ruble-based MOEX Russia index rose for the second session to 3,198 on Monday, buoyed by improved sentiment on European markets and China's government support measures.

Also, investors digested a new batch of earnings reports.

The gains were primarily driven by metals & mining, consumer goods & services, and financials.

Ashinskiy Metzavod (5.2%), Raspadskaya (4.8%), GLTR (4.7%), MOEX (4.4%), Norilsk Nickel (3.6%), LSR (3.5%), and Sberbank (2.5%) were the top gainers.

Conversely, losses came from M.Video (-1.1%), Sovkomflot (-0.8%), and PIK (-0.2%).

Sovkomflot presented its accounts, with the net profit for the 1st half of the year amounting to $496 million and for the 2nd quarter to $210 million. Although the comparative data for the same period of 2022 was absent, the results came in worse than expected.

Tomorrow, TCS, GLTR, Polyus, and Rosseti will publish their earnings.


The ruble-based MOEX Russia index closed flat at 3,212 on Wednesday, as investors digested mixed earnings results.

MOEX (3.7%), Severstal (2.3%), and Transneft (1.6%) led the gains, with the latter recording a 48.5% growth in its net income yoy for the H1 of 2023.

Also, Lukoil rose by 1.2% thanks to a 62% increase in the net profit the first half of this year compared to the same period of 2021.

On the other hand, PIK (-1.5%), Gazprom (-0.6%), and Magnit (-0.4%) all declined amidst poor performance.

The profit of the oil and gas giant fell by 7.8% yoy to 330.996 billion rubles in the first six months of 2023 due to the loss of European market.


The ruble-based MOEX Russia index edged up to 3,227 on Thursday, closing the fifth session in the green and renewing its annual highs due to weaker ruble, growing energy costs and positive financial accounts.

VTB, the second largest country's bank by assets, rose by 2.2% after revealing its net profit reached the amount of 325.4 billion rubles (a return on equity of 30.7%) in the first seven months of the year.

Also, Severstal, Magnit, and RusGidro added 2.7%, 2.7%, and 2.3%, respectively.

Among decliners, Inter (-1.6%), Ozon Holdings (-1.1%), and PIK (-1%) stood out.

On the macroeconomic front, investors awaited the US non-farm payrolls and Russian manufacturing PMI on Friday.

Monthly, the index increased by 5%.


The ruble-based MOEX Russia index edged up to 3,231 on Friday, paring some of the earlier losses, as investors digested latest labour market data from the US and global manufacturing PMIs.

The August survey showed China's factory activity returned to expansionary territory.

At the same time, Russian manufacturing PMI recovered from the nine-month low but signaled a deterioration in business sentiment amid weakening ruble.

The main protagonist of the session was Transneft (3.5%) on news about the possible split of stocks.

Also, GLTR, Polyus, and Alrosa advanced by around 1% each.

Conversely, MOEX and PhosAgro were the biggest laggards, down by 1.8% and 1.7%, respectively.

The former fell due to the introduction of an export duty on fertilizers in the amount of 1% from September 7, while the latter faced pressure from the government's call to employ stricter currency control measures.

Weekly, the index grew by 2.4%.






The ruble-based MOEX Russia index rose by over 1% to 3,268 on Monday, extending its rally for the seventh session amid a fresh stimulus for China, increased oil prices and weakening ruble.

Investors also digested Putin's remarks from the meeting with Erdogan.

Ros Agro (8.3%), Rusal (4.7%), TCS Group (3.7%), and VK company (3.1%) were among the top gainers.

The latter advanced on the news about VK video releasing the beta version and making the official launch.

Additionally, Gazprom surged by 1.4%, after the country's president announced that the company handed over to the Turkish Botas a "road map" for a gas hub in Turkey.


The ruble-based MOEX Russia index edged down to 3,264 on Tuesday, halting its seven-day rally but paring some of the earlier losses, as investors weighed fresh global PMIs and the statements of the Russian Ministry of Finance and Central Bank.

Chinese services sector growth came in slower than expected, while the domestic services PMI increased to 57.6 in August, signaling a sharp expansion in business activity due to higher internal demand.

At the same time, the country's central lender has communicated a possibility of another interest rate hike, since the inflation inches closer to the upper limits of the forecast.

Transport and metals & mining sectors continued to be the biggest drag.

On the other hand, oil and gas rebounded following the announcement on extended voluntary oil cuts from both Russia and Saudi Arabia.

Among single stocks, Ros Agro (-3.3%), NLMK (-2%), MMK (-1.8%), Rusal (-1.6%), and Severstal (-1.3%) declined the most.


The ruble-based MOEX Russia index fell to 3,245 on Wednesday, extending yesterday's decline amid news about a temporary increase in sales of foreign currency due to the repayment of sovereign Eurobonds.

The focus also remained on rising oil prices and prospects of interest rate hikes by the Russian Central Bank following yesterday's statement.

Among sectors, IT, metals & mining and consumers suffered the biggest losses.

On the other hand, chemicals advanced strongly.

The main drags of the session were NLMK (-3%), Severstal (-2.6%), MMK (-2.5%), TCS GROUP (-2.2%), and Yandex (-2.1%), while gains came from Inter (2.6%) and PhosAgro (1.8%).


The ruble-based MOEX Russia index fell by 2.35% to 3,169 on Thursday, extending declines for the third day and mirroring the worsened sentiment on globa markets, as investors exercised caution ahead of the Russian's central bank's policy meeting next week.

Traders also digested weak exports figures for the country's main trading partner China and awaited tomorrow's inflation reading.

The main underperformers of the day were FixPrice Group (-5.4%), RusGidro (-4.6%), VTB (-4.2%), and X5 RetailGroup (-4.2%).


The ruble-based MOEX Russia index closed 0.8% lower at 3,243 on Friday, extending losses for the fourth consecutive session for a 2.7% drop on the week amid persistent worries that the country’s precarious fiscal health and economic isolation will further hurt corporate performance.

New data showed that Russia’s budget deficit was at RUB 2.361 billion in the first eight months of the year, a record high for the period, despite the 24% surge in value-added tax revenues.

Commodity-backed stocks traded in the red, with industrial metal miners leading the losses as the outlook of low resource demand from China hurt demand from Russia’s main trade partner.

Mechel, Seligdar, and NMLK lost between 3.2% and 2.2%.

In the meantime, Surgut declined by 2% to set the pace for oil producers as markets continued to assess the impact that the extension of export cuts will have on turnover.

Sentiment was also risk-off amid the release of inflation and GDP data after the closing bell.




The MOEX Russia index jumped 1.4% to close at 3,166 on Tuesday, more than erasing losses from the prior session and halting five consecutive sessions of decline amid broad-based gains for all key sectors of the Moscow Exchange.

Financial companies led the gains, lifting their year-to-date rally to 66% but still remaining well below levels prior to the Russian invasion of Ukraine.

TCS Group advanced 3.2%, and VTB shares jumped 2.2% after its CEO stated the bank is ready to purchase up to RUB 1 trillion floating OFZ bonds at auctions.

Meanwhile, the ruble halted its rally and supported export-oriented industries.

Mechel and NLMK added 3.2% and 2.3%, respectively, to lead metallurgist shares’ rebound from yesterday’s slump.

Additionally, Lukoil jumped 2.9% and Surgut increased by 3.6% to set the pace for energy producers.


The MOEX Russia index failed to hold gains and closed 0.6% lower at 3,148 on Wednesday, trimming the sharp advance from the prior session as markets continued to gauge the outlook on key exporting industries in the Russian economy.

Energy producers were among the leaders of decline, with natural gas giants Gazprom and Novatek both sliding more than 1.7%.

Oil companies were close behind, with Lukoil and Surgut decreasing 1.5% even though Urals oil prices enjoyed a solid session.

Industrial metal producers also booked losses, pressured by continuous uncertainty over foreign demand from key trading partners as China’s steel mills build inventories to undercut production curbs.

NMLK, Mechel, and Severstal dropped between 2% and 1.5%.


The MOEX Russia index dropped to 3,139 on Thursday, declining for the second session, as investors took cautious approach ahead of tomorrow's CBR's decision.

The markets opinions on the rate hike split, with some analysts placing a bet on a pause in monetary tightening.

Among sectors, electric utilities, chemicals and transport came under the hit.

Grid operator Rosseti remained the main laggard, down by 3.5% after the company’s general director reiterated cancellation of dividends until 2026 due to poor business conditions in the country from Western sanctions.

Also, Ros Agro (-3.3%), FixPrice Group (-2.4%), and Rusgidro (-1.9%) declined.

On the other hand, heavyweights, Magnit (2.5%) and Sberbank (0.9%) traded with slight increases.

On the global macroeconomic area, the ECB signaled the end of its monetary tightening, while the US data reinforced bets for a more hawkish Fed.


The MOEX Russia index rose to 3,152 on Friday, following two days of declines, driven by gains in chemicals and IT.

Meanwhile, investors also weighed the latest CBR's decision to lift its key interest rate by 100 bps to 13%, in line with most expectations, due to inflationary pressures from increased domestic demand and weaker currency.

The regulator's move helped ruble recover some ground, pushing the heavyweight Moex to gain 3.5%.

Additionally, Ozon Holdings and Yandex advanced by 4.3% and 2.7%, respectively.

The main laggard of the session ended to be Alrosa (-1.1%).

On the global arena, traders digested better-than-projected data for China. Weekly, the index was almost unchanged.






The MOEX Russia index dropped to 3,135 on Monday, failing to hold to morning gains, weighed down by the IT, utilities, and chemicals sectors.

Meanwhile, investors awaited the UN General Assembly and Fed's interest rate decision on Wednesday.

Among single stocks, the top losers were FixPrice Group (-2.4%), Rosseti (-2.3%), and Yandex (-2%).

Also, Alrosa continued to decline (-1.4%) on lower diamonds demand and fears of EU sanctions.

On the other hand, Tatneft rose by 1.8% after approving the split of shares, and VK company added 1.2% during its final trading day before a temporary halt due to the redomiciliation from the British Virgin Islands to the Russian Federation.