Strong ruble curbs growth | November 21, 2023

Source: Reuters

Market the day before. The Moscow Exchange index remained virtually unchanged on Monday, showing a symbolic increase of 0.03% to 3207.36 points, the RTS index increased by 1.82% to 1142.51 points.

Papers Cyanogen (CIAN 737.6 ₽, +6.44%) were among the growth leaders amid the publication of results for the third quarter of 2023 scheduled for today.

The approach of Black Friday is reflected in the sentiments of investors, who were actively buying Ozon shares (OZON 2853 ₽, +3.52%).

The shares were outsiders Mechela (MTLR315.01 ₽, −3.91%). Investors are taking profits on shares of the coal company after a strong rise in their quotes. According to official estimates by the authorities, the revenue of Russian coal enterprises in the first half of 2023 decreased by 29% compared to the same period last year.

The ruble strengthened against the US dollar to 88.4000 ₽ and against the euro to 96.7000 ₽

Main news and events.

Good news for shareholders Gazprom (GAZP 165.51 ₽, +0.12%): over 10 months from the beginning of 2023, pipeline gas supplies from Russia to China reached $5.36 billion (according to Chinese customs). In physical terms, Russia supplied 6.9 million tons of LNG to China, an increase of 38% compared to the same period in 2022.

Subsidiary SSFai (SFIN 542.2 ₽, +0.37%), leasing company “Europlan”, disclosed results for nine months from the beginning of 2023 according to IFRS: the portfolio increased by 28.7%, to 211.4 billion rubles, return on equity amounted to 38.4%, return on assets reached 6.5%.

Sberbank (SBER 282.91 rubles, +0.47%) expects to receive at least 10 billion rubles in 2024. financial effect from using your GigaChat neural network in business.

Group Aster (ASTR 517.15 rubles, −3.06%) paid excess profit tax in the amount of 109 million rubles.

The court dismissed the appeal Rosneft (ROSN 581.5 ₽, −0.31%) for the decision on the claim against Transneft (TRNFP 145,700 rubles, +0.31%) by 3.4 billion rubles.

The Ministry of Industry and Trade proposes to remove pulp and paper products from exchange rate duties.

Car production in Russia over the 10 months from the beginning of 2023 increased by 10%, to 567 thousand units.

Expectations and trading ideas.

On Tuesday morning, world markets are neutral: the Japanese Nikkei 225 index is down by 0.14%, the Chinese Shanghai Composite index is growing by 0.5%. On Moscow Exchange Trading in EuroTrans shares (EUTR) will begin today.

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

An error occurred while loading.

Post Comment