New dance on the Moscow Exchange: one step forward and two steps back | December 7, 2023

Source: Freepik

Market the day before. The Moscow Exchange index on Wednesday neutralized all the growth of the previous day, falling by 1.59% to 3079.5 points, the RTS index fell by 1.96% to 1045.28 points.

The opposite market dynamics were shown by the stock quotes of Esafai (SFIN 555 ₽, +0.91%). The company plans to hold an IPO in the first half of 2024 Europlana (part of the SSFai holding).

HeadHunter shares (HHRU2920 ₽, -9.37%) were among the outsiders, despite previously announced plans to buy back shares.

The ruble weakened against the US dollar to 92.8200 ₽ and against the euro to 100.1525 ₽

Main news and events.

Sberbank (SBER267.58 ₽, −4.31%) introduced a new dividend policy, keeping the payment rate unchanged at 50% of net profit. Investors seemed to expect it to increase, judging by the sales of Sberbank shares on the market after the announcement of the new strategy. At the moment, the bank does not plan to buy back shares from non-residents.

Magnet (MGNT 6352 ₽, +0.29%) began testing “Magnit Nearby” mini-markets with an area of ​​80-100 sq. m in Moscow and the Moscow region. Industry experts call this store format the most profitable from an economic point of view.

Rostelecom (RTKM 70.43 ₽, −3.37%) and Avtodor agreed on the construction of cellular towers for high-speed data transmission in LTE format along federal highways throughout the country.

Ozon (OZON 2697.5 ₽, −1.46%) brought a new logistics center in Zhukovsky near Moscow to its designed capacity, investments amounted to 3.3 billion rubles.

Fesco (FESH 66.06 ₽, −4.59%) and the Russian-Vietnamese Guild of Commerce entered into a cooperation agreement aimed at increasing the volume of container traffic between Russia and Vietnam.

Over 11 months, the volume of investments by private investors in securities amounted to about 1 trillion rubles, the Moscow Exchange reports. At the end of November 2023, the number of individuals with brokerage accounts reached 29.2 million people.

Expectations and trading ideas.

On Thursday morning, the mood on world markets was negative: the Japanese Nikkei 225 index decreased by 1.8%, the Chinese Shanghai Composite index – by 0.1%. Today shareholders Norilsk Nickel (GMKN 16412 ₽, −2.33%) at the extraordinary meeting they will vote on the issues of stock split and approval of dividends in the amount of 915.33 ₽ per share.

“This information is for informational purposes only and does not constitute an individual investment recommendation.”

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