What should an investor keep an eye on this week
The news background — the prospect of lifting or easing sanctions as a result of negotiations with the United States — is still keeping the Moscow Exchange index from declining, analysts at Finam Financial Group noted. Nevertheless, the shares of Russian companies can still adjust against the background of increased military rhetoric from Europe.
On Monday, March 10, the Polyus gold mining company and the Diasoft IT company will hold shareholder meetings and make recommendations on dividends for 2024, Finam reported. Decisions can affect the share price of these market participants.
On Tuesday, the boards of directors of Novatek, Mosgorlombard and Yandex will also make recommendations on dividends for 2024, Cifra Broker said.
On March 12, Renaissance Insurance will present a report on IFRS for 2024, Gazprombank Investments said. The value of the company's shares will also depend on this event. In addition, on this day, Rosstat will publish the dynamics of the consumer price index. Market expectations for the future of the key rate will depend on these data (a decision on it will be made on March 21).
On Thursday, March 13, RusHydro will publish its financial statements for 2024 in accordance with IFRS, BCS World of Investments added.
Sovcombank will end the week by sharing its annual IFRS report on Friday, Finam added.
Weekly inflation is gradually slowing down, which supports the debt market, Gazprombank Investments said. Changes in the news background may affect investor sentiment, but in general, the RGBI government bond index will move in the range of 107-112 points.
This week, the ruble will trade at the rate of 88.5–91.5 per dollar, 95-98.5 per euro and 12.1–12.7 per yuan, Finam predicts. And the Moscow Exchange index may fluctuate in the range of 3150-3350 points, Gazprombank Investments concluded.
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