What should an investor keep an eye on this week

An improvement in the situation on the commodity market and the start of the dividend season may support the value of Russian shares, analysts at Finam Financial Group believe. If oil prices, which rose to $62 per barrel of Brent by the end of the last working week, continue to recover, the Moscow Exchange Index may respond with growth.

On Monday, May 12, Mosgorlombard will publish its operating results for April 2025, and the board of directors of IFC Zaymer will decide on dividends for 2024, Gazprombank Investments said. Events can affect the share price of these companies.

On the same day, the Bank of Russia will publish a summary of the key rate discussion with comments on the medium-term forecast, which will help investors adjust expectations regarding changes in the regulator's policy.

On May 13, Aeroflot will announce its operational results for April, Finam said. Also on the same day, the board of directors of Rusagro agroholding will consider the issue of dividends for 2024, Gazprombank Investments added.

Command control: is it worth loosening the "currency leash"

The Central Bank and the Ministry of Finance are arguing about the need for mandatory sale of foreign exchange earnings

On Wednesday, the Board of Directors of the Novorossiysk Bakery Plant will make a decision on dividends for 2024, according to Cifra Broker. On the same day, Rosstat will present weekly data on the consumer price index and inflation information for April, which may affect investors' expectations regarding further key dynamics.

On Thursday, May 15, the Unipro energy company will publish a RAS report for the first quarter of 2025, Sberbank will present condensed financial statements for four months, and Phosagro chemical holding and Rostelecom will disclose their IFRS statements, BCS Mir Invest reported. Also on this day, an extraordinary meeting of Lukoil shareholders will be held on the issue of dividends for 2024 in the amount of 541 rubles per share.

On May 16, Lenenergo, Sovcombank and Bank Saint Petersburg will present financial results for the first quarter, and the HeadHunter recruitment platform will publish a report on IFRS, Gazprombank Investments noted. There will also be a meeting of shareholders of the Henderson men's store chain on the issue of dividends for the first quarter of 2025 in the amount of 20 rubles per share, BCS World of Investments concluded.

Spring growth: why the ruble soared against the yuan

The Russian currency has strengthened by 20% in three months and continues to grow

The RGBI government bond index is likely to continue moving in the range of 105-110 points in the coming week, said Andrey Stratichuk, senior financial analyst at Gazprombank Investments. According to his estimates, debt securities, in particular, OFZs, are now completely dependent on the geopolitical situation, which is extremely difficult to predict. Nevertheless, conditions are likely to favor moderate market growth.

In the coming week, the Moscow Exchange index may fluctuate in the range of 2,800-2,900 points, analysts at BCS World of Investments predict. According to their estimates, the dollar exchange rate will be 78-81 rubles, the euro — 89-92 rubles, and the yuan - 11-11.2 rubles.