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Key news for the week 7.10 – 13.10. Dividends for the coming week. Key benchmarks. Own deals.
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Thanks to those who left productive comments and liked the article. • Following the delisting of the London Stock Exchange, the fixed price of the Global Depository Receipt partially does not comply with the rules of the first level of listing on the Moscow Stock Exchange. The company was given time to correct the inaccuracies. • Moscow Exchange plans to start trading X5 shares on January 9, 2025. The shares are included in the first stage of the listing. • Ozon Pharmaceuticals plans to conduct an IPO on the Moscow Exchange in October. The shares will be raised through an additional issue, and the funds will be used for development and reducing the debt burden. The price range for shares is set within 30-35 rubles. • The Finance Ministry's auction of 09.10 for OFZ batch 29025 was declared invalid. Issue 29024 costs only 5 billion rubles, and the department is lagging behind plans in terms of implementation volumes. • TCS Holding approved a new dividend policy providing for the payment of up to 30% of net profit for the year. The Board of Directors recommended paying dividends in the amount of 92.5 rubles for the first nine months of 2024. per week. The deadline for registering dividends is November 25, 2024. The final decision on payment will be made at the general meeting of shareholders on November 14, 2024. • Globaltrans announced the filing of an application for delisting from the Moscow Exchange. • Brokers admitted to the second stage of the exchange of blocked assets. Several large brokers have already received approval from investment chambers. • On October 12, US sanctions against the Moscow Exchange officially came into force. • Weekly inflation (from October 1 to 7) decreased again: from 0.19% to 0.14% • Annual inflation continued: up to 8.6% on October 7. A week ago, it reached a record 8.7%. • The government softened one of the mandatory requirements for the sale of foreign currency earnings for the largest Russian exporters. • The 40% rule for repatriation of foreign exchange proceeds received under foreign trade agreements remains unchanged. (And must be transferred to an approved bank account within 60 days.) • The general requirement to sell 90% of repatriated proceeds remains in place, but the terms of the sale of funds are changing. At least 25% of the funds received under each export contract must now be sold within 30 days of receipt (the previous standard was 50%). • The new standards are in effect until April 30, 2025. • Russian banks plan to agree on a tax reform for mutual funds in 2024. The necessary regulatory framework is expected to be adopted in 2025. • Russian companies have called on the government to change tax laws to recognize debts that cannot be repaid due to sanctions blocking cross-border payments as bad because of the sanctions. This allows businesses to repay debts and reduce the tax base. • Novatek continues to supply LNG despite sanctions. At present, it is known that seven LNG batches have been shipped from the project. • Solidcore Resources (formerly Polymetal) bought 45.4 million shares from investors, which is about 9.6% of NSD shares,frozen due to sanctions. In exchange, they received new securities issued on the Astana Stock Exchange. This completes the last tranche of the share exchange. • Yandex Factory launched its own brand of toys, Cubits. These will be radio-controlled models of construction equipment and high-speed cars. • From January to September, developers increased the supply of houses on the market by 10%. • Moscow Exchange opposes the settlement of yuan bonds in rubles.
The Bank of Russia has published a financial market report for September. This is a monthly source of information and analysis of key trends in the stock, bond and currency markets. • The ruble continued to weaken against major foreign currencies in September, primarily due to the market’s adaptation to the infrastructure restrictions introduced in June. • Net sales of foreign currency by the largest exporting country in September decreased by 30% compared to August due to an increase in the share of export revenue in rubles. • In September, individuals became net sellers of foreign currency for the first time since August 2023, selling foreign currency worth 55 billion rubles.
The Council of the European Union (EU) has extended sanctions against Russia until October 9, 2025. Previously, the EU extended sanctions against Russia every six months.
The authorities are developing complex deals to bring foreign companies out of Russia. The voluntary contribution amount has been increased from 15% to 35%, and the minimum discount amount has also been increased from 50% to 60%.
The volume of trade between Russia and Brazil has exceeded $1 billion for six months in a row. In September, it was $1.12 billion. The main export products are oil products and fertilizers. Brazil increases soybean exports to $58 million.
India has become the second largest supplier of critical technologies to Russia. They export microchips and machine tools from India and buy Russian oil.
The largest association of software consumers has asked to postpone the transition to Russian software. It was planned that state-owned companies would have to abandon foreign software from January 1, 2025.
On the sabotage of the Nord Stream 1 and Nord Stream 2 gas pipelines • The Russian Federal Intelligence Service has reliable information about the direct involvement of the United States and Great Britain in the destruction of Nord Stream, Naryshkin said. • Available data show that professional saboteurs from Anglo-Saxon intelligence were involved in the damage. • The US administration considered it justified to weaken Nord Stream in order to separate Europe from Russia. • The United States was not sure that it could convince Europe to abandon the Nords. The stream is so beneficial to the economy that it was damaged • Information has emerged about the possibility of ceasefire negotiations with Israel. • However, Israel's response to the Iranian missile attacks remains open. • Iran threatens to attack Arab countries if they provide territory for an attack on Iran. • On September 1, a law came into force allowing foreign banks to open branches in Russia. If previously foreign banks could only have subsidiaries and representative offices in Russia, now foreign banks can open only one branch. • Russian car brand Xcite X-Cross 7 has started selling on Wildberry. Purchases are currently only available to residents of Moscow, but the company is working on expanding the sales territory. • The presence of compulsory motor third-party liability insurance among drivers will be checked using road cameras from March 1, 2025. • Tether has released a documentary called “Stability and Freedom in Chaos”. The film tells the story of the company’s journey and the growth of the USDT stablecoin. • Roskomnadzor and the Ministry of Digital Development have developed rules for identifying bloggers with more than 10 thousand subscribers, which will come into force on November 1. Bloggers must provide Roskomnadzor with information about themselves. Otherwise, you will not be able to display ads, ask for donations, and other users will not be able to share your publications. • The United States has threatened to separate Turkey from the SWIFT system for trade with Russia. • Cuba has requested the status of a BRICS partner country. The Cuban delegation plans to take part in the summit in Kazan on October 22-24.
Listed below are the companies closing their registrations during the week of October 14-18. The dates listed are the last days you can purchase shares.
The index adjustments are related to the unstable dynamics of oil prices (rapid up and down fluctuations). An additional restraining factor for buyers is the expectation of further tightening of the Russian monetary policy. Some experts do not rule out that the Central Bank of Russia may raise interest rates to 22% at a meeting later this month.
The price is putting pressure towards the lower boundary of the 2.730-2.900 range and has consolidated below the average EMA-22 on the daily chart. The EMA-200 test is postponed. Let's see how the benchmark behaves at the 2.730 level.
When prices fall, you can wisely add assets to your investment portfolio.
During the week, it rose to the upper border of the channel at 81.5, and then fell to the EMA_22 level and reached a local minimum at 75.13, and then rose again.
The dynamics are almost zero at the end of this week. However, short-term traders can replenish their savings through short-term speculation using futures.
Currently, the price movement is mainly influenced by the news surrounding the military conflict between Israel and Iran. First, information appears that one of the affected parties is ready to sit down at the negotiating table, and later, information appears that Iran is secretly threatening military attacks on countries that help Israel through diplomatic channels. America and their "territories"
This week, as with crude oil, we see a bottom line around zero, which is quite a bit behind the week.
On the one hand, increased geopolitical risks in the Middle East + on the other, purchases by central banks against the backdrop of the growth of the dollar index.
Contrary to expectations of support from the Central Bank's increased interventions, the ruble fell against major currencies over the weekend. This is facilitated by foreign trade factors. The decline in foreign exchange earnings from exports is aggravated by the recovery of demand from imports. In addition, given the lag of 1-2 months during which raw material factors affect the inflow of foreign currency, the ruble may continue to experience the negative impact of the significant decline in oil prices that occurred in August last year. And September.
On Friday, positions in shares on the Moscow Exchange were suspended. The overall loss is 3.5% per position.
It turned out that the deal for Polyus, and now for Moscow Exchange, closed with a loss. Perhaps we need some kind of filter on the oscillator to show that the setup price has moved in our direction. Only then do we make a deal. This increases your stop loss in case of a negative situation, but should increase the probability of a positive outcome of the deal. Testing is required.
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