What should an investor keep an eye on this week

By the end of last week, the stock market did not show unambiguous growth against the background of the negotiation process on the Ukrainian conflict in Istanbul. The key reason is geopolitical uncertainty, Finam analysts noted.

The weak dynamics of oil prices is exerting additional pressure on the Russian market — Brent quotes are held below $65 per barrel. According to analysts, even moderately positive data on inflation and a slowdown in credit activity are not yet able to provide significant support to the market.

On Monday, May 19, the IT company Softline will present its financial results for the first quarter in accordance with IFRS, according to Cifra Broker. On the same day, the board of directors of Promomed Pharmaceutical Company and Belon coal Holding will provide recommendations on dividends for 2024, and Permenergosbyt will hold an annual general meeting of shareholders (AGM), BCS World Investments noted. Events may affect the value of these companies' securities.

On Tuesday, May 20, Promomed Pharmaceutical company will disclose its operating results for the first quarter of 2025, according to Cifra Broker. On the same day, the AGM of the Lenzoloto gold mining company and the Alrosa diamond mining company will be held, with profit distribution and dividend issues on the agenda, Finam said.

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On Wednesday, May 21, MTS telecommunications company, Rusagro agro-industrial holding, Cian online platform and the Moscow Stock Exchange will publish financial statements under IFRS for the first quarter of 2025, BCS Mir Invest reported. Gazprom's Board of Directors will consider the issue of dividends for 2024, and the Raspadskaya coal company AGM will be held on the same day, where dividend payments will also be discussed, Finam said. Rosstat will publish weekly data on the consumer price index.

On Thursday, May 22, the IT company T-Technologies will present its financial statements for the first quarter in accordance with IFRS, Gazprombank Investments reported. On the same day, the Tatneft oil company will hold an AGM, and NPO Nauka will complete admission to the register of shareholders with the right to dividends for 2024, BCS World Investments noted. The Novabev beverage manufacturer's strategy day is also scheduled for May 22.

On Friday, May 23, the pharmaceutical company Ozon Pharmaceuticals will publish its IFRS financial statements for the first quarter, according to Cifra Broker. Also on this day, the Board of Directors of Rosneft will provide a recommendation on dividends for 2024, and Arenadata will hold an AGM. The last day for the purchase of shares of the chemical company Kuibyshevazot in order to get into the register of shareholders entitled to dividends in the amount of 2.5 rubles per share, Finama recalled.

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The RGBI government bond index is likely to remain in the range of 108-109.5 points in the coming week, according to Anna Kokoreva, an expert on the stock market at BCS World of Investments. According to her, the key factors will remain the inflation data and the outcome of the negotiations in Istanbul — quotes will be sensitive to them.

This week, the ruble will trade at the exchange rate of 78-84 per dollar, 87-94 per euro, 10.8–11.6 per yuan, Gazprombank Investments predicts. This week, the Moscow Exchange index, according to Finam analysts, will remain in the range of 2750-2950 points against the background of weak ruble oil prices and tight monetary policy. At the same time, an increase to 3000-3200 points is possible in the case of positive geopolitical news.