What to watch out for as an investor this week
By the end of the week, the Mosbirji index rose by 6% to 2,780 points, said Kirill Klimentiev, analyst at Tsifra Broker. This is how the market reacted to the increase of the key rate to 19% following the results of the Central Bank meeting on September 13 - apparently, investors expected a larger step of increase. Nevertheless, this reaction is excessive, as the Bank of Russia has made it clear that in the future its policy may become even tougher.
On Wednesday, men's clothing chain Henderson will share its operating results for August, Kirill Klimentiev said. This could affect the company's share price. In addition, on September 25, shareholder meetings (VOSA) of salmon producer Inarctica, carsharing company Delimobil, MFO Zaimer and TNS Energo Kuban will be held, BKS Investment World said. The agenda will include approval of dividends for the second quarter of 2024.
On Thursday, shares of the job search service HeadHunter will start trading on the Moscow Exchange - investors should pay special attention to this event, emphasized in "Tsifra Broker". After the start of trading, securities may temporarily lose in price, Kirill Klimentiev said.
Friday will be the last day to enter the register of shareholders with the right to receive dividends of the Bank "St. Petersburg" for the first half of 2024, said analysts of FG Finam. In addition, there will be a meeting of shareholders of Magnitogorsk Iron and Steel Works (MMK) - the agenda will also include the issue of approval of dividend payments, said in "BKS World of Investments".
RGBI index of government bonds has found the bottom and consolidated near the mark of 100 points, but there are no signals for trend reversal yet, said Anna Kokoreva, stock market expert at BKS World Investments. The market is likely to remain near the minimum marks this week.
The ruble will trade at 91-93 to the dollar, 101.5-105 to the euro and 12.8-13.2 to the yuan in the next working days, Finam said. The MosBirch index may recover to 2870-2900 points this week.
