The Russian market: results 2 Aug



Trading session in the Russian market ended yesterday in the green zone. To the closure of the ruble-denominated MICEX index gained 1.31%, reaching the level of 1,965.48 b.p. dollar-denominated RTS index rose 0.71%, rising to the level of 1,021.42 b.p.

The focus of yesterday – the fall of the ruble. The Euro/ruble exceeded 72 rubles (for the first time since September last year). Yesterday, after the closure of the Russian market, the Euro is 71.91 RUB, the dollar is trading at 60.6 rubles.

Bank stocks were the growth leaders. “Olycka”, “Sberbank” has approached a strong resistance level of 170 rubles (an increase of 2.16%).

VTB gained 2.76%, Bank “St.-Petersburg” grew by 2.52%.

Financial statements provided the largest grocery retailer in Russia – X5 Retail Group. The company’s net profit according to IFRS in Q2 of 2017 increased by 30.1%.

Today, from corporate reporting, we expect the financial results of JSC “Rostelecom”, “Rosneft” and VEON under IFRS for the 2 quarter of 2017.




The Russian market: results 2 Aug 03.08.2017

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