What should an investor keep an eye on this week

In the coming week, the Russian stock market will recoup corporate reporting for the first half of the year and the dividend decisions of the largest companies.

On Monday, the board of directors of T-Technologies will discuss dividends for the first half of 2026. The Board of Directors of Rusal will make a decision on the payments on the same day. In addition, the register for Akron's dividends is being closed — 235 rubles per share (a dividend yield of 1.21%).

On August 11, T-Technologies will publish its IFRS financial results for the second quarter. Sber will also disclose the RAS results for July and seven months of 2026, and Aeroflot will present its operating results for July.

On Wednesday, Rostelecom will publish its IFRS report for the first half of the year, and Ozon Pharmaceuticals will hold a meeting of the board of Directors to discuss the new dividend policy. In addition, Rosstat will provide inflation data for July and a weekly estimate of price growth. This is one of the most important signals for the market before the Central Bank's key rate meeting in September.

On August 13, VK and X5 Group will disclose their IFRS financial results for the first half of the year.

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On Friday, Sovcombank, Inter RAO, Raspadskaya and Headhunter will publish reports for the first half of the year. Headhunter will also host an Investor Day.

According to analysts at the First Management Company, this series of publications will be the main indicator for the market of how companies from various sectors — from retail to energy and metallurgy — went through the first half of the year in conditions of high borrowing costs and fluctuations in the ruble. The dividend expectations for the second half of the year will largely depend on these figures.

The Moscow Exchange index, according to the forecast of BCS World of Investments, will trade in the range of 2250-2350 points. At the same time, the technical picture remains positive: there is a moderate profit-taking after the rally, but there are no strong signs of a reversal, according to Finam.

The RGBI index, according to Nikita Borodanov, analyst at Finam, will remain in the range of 114.5–116.5 points. At the same time, a stronger slowdown in inflation can return the index to the upper limit, while an acceleration in price growth will again increase pressure on long OFZs.

The ruble is likely to continue to weaken, Finam analyst Alexander Potavin believes. He predicts the dollar in the range of 79.5–83 rubles, the euro — 92-95.5, and the yuan — 11.6–12.2 rubles.