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RTS, MOEX indices rise by 0.05-0.12% on Tuesday

The external background was moderately positive

MOSCOW, March 26. /TASS/. At the end of the trading session on Tuesday, the MOEX index rose by 0.12% to 3,285.54 points and the RTS dollar index rose by 0.05% to 1,116.21 points. The yuan increased by 0.022% to 12.79 rubles, the dollar - by 0.12% to 92.7 rubles, the euro - by 0.012% to 100.43 rubles.

"The MOEX index was cruising towards the 3,300-point mark. Attempts to strengthen the ruble, oil price uncertainty and geopolitical concerns prevented it from being reached," investment strategist at BCS World of Investments Alexander Bakhtin said.

The external background was moderately positive. "In the US, February statistical data on orders for durable goods came out better than analysts’ forecasts, but the March consumer confidence index from the Conference Board was inferior to both expectations and the levels of the February figure," the expert stated.

 

Stock market

 

Securities of Tsian (+4.22%), shares of Seligdar (+3.87%), securities of Cherkizovo (+2.74%), preferred shares of Surgutneftegaz (+ 2.29%), NCSP shares (+2.23%), MTS securities (+1.98%), and ordinary shares of Rostelecom (+1%) were growth leaders at the end of the trading session.

Shares of gold miners traded positive on Tuesday following gold prices, which added around 1% during the day and aimed at $2,200 per ounce, after which, however, they traded lower. "After paying dividends for 9 months of 2023 Seligdar is one of the main contenders in the sector for final dividends for the whole year," Veles Capital analyst Elena Kozhukhova said.

Shareholders of Cherkizovo will meet on Wednesday to approve recommended dividends for 2023 in the amount of 205.38 rubles per share with a current yield of 4.2%. Preferred shares of Surgutneftegas and MTS securities may become one of the most attractive dividend stories of this season, the expert added.

By the end of the session, shares of securities (-3.66%), FESCO securities (-1.9%), shares of En+ Group (-1.38%), Fix Price receipts (-1. 34%), ordinary shares of Surgutneftegas (-1.23%), securities of Gazprom (-0.47%) saw the biggest decline.

 

Forecast for tomorrow

 

BCS World of Investments forecast for the MOEX index as of March 27 reaches 3,225 - 3,325 points, for the dollar-ruble exchange rate - 91-93 rubles. Freedom Finance Global believes that the MOEX index on Wednesday will reach 3,200 - 3,300 points, while the dollar-ruble exchange rate may fluctuate in the range of 91-93 rubles, the euro-ruble exchange rate - at 99-101 rubles, the yuan-ruble exchange rate - at 12.6-13 rubles.

The key economic indicators to be released on Wednesday include the EIA data on weekly changes in crude oil and oil product stocks in the United States, as well as the March eurozone business environment index. The Russian State Statistics Service will publish data on February's industrial production trends. Whoosh will present its financial results for 2023. In the middle of the week, Cherkizovo and HeadHunter shareholders will meet - in the first case, to discuss the topic of approving dividends, and in the second - redomiciliation from Cyprus.