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🔻Moscow Exchange - when the key rate stopped saving the situation!
Since August 30, Moscow Exchange has added 8%, immediately recovering its positions at the beginning of the summer, but was still unable to break through the main resistance level of 230 rubles. Now the growth has stopped, but everything indicates that the ratio will increase. why? • No. The sanctions imposed on Russian financial institutions have effectively banned trading in dollars and euros. Moscow Exchange's commission income has fallen from 3 billion rubles to 5 billion rubles. This is an obvious problem that is urgent and will remain relevant for a long time. As long as the political situation remains tense, fee income will remain under pressure. • No. This is the main problem. Moscow Exchange's own funds have fallen by 47%, client funds - by 27%. This dramatically reduces your ability to make money from interest, especially if interest income makes up 70% of your profits. Simply put, stock companies can enjoy Nabiullina's remarks about raising the base interest rate, but if there is no money to work, there is no growth.
Seeing the decline in trading volume, we can conclude that the market is starting to make some sense.
An increase in the base interest rate will always be a plus for the stock exchange, right? No way. Sanctions, reduced revenues and withdrawals turn profit into trouble. In the new episode of the podcast of the investment channel "Fond&Flow" I wrote a post called "", and also analyzed the features of fundamental analysis during the Russian crisis. Subscribe to all the ideas on our channel and don't miss anything interesting! It's cozy here ❤️Previous episodes: 🏦 Sberbank and the report: Risks outweigh profitability. Oh, why does no one want to take out a loan? 🎲#23. Below the ribs... I think we all know that an increase always has a big impact on the company... Well, as always... this is a "convenient" story for those who think that an increase in the interest rate is always a big deal. a good thing. For the stock exchange. In fact, everything is a little more complicated. Let me explain... Moscow Exchange carefully uses its own funds and clients' funds, turning them into high-yield financial instruments. The higher the key rate, the more profitable these investments are and, accordingly, the more profit the exchange receives. 🤓A great strategy that increases your rates at almost every meeting? Yes?) The bulk of the Moscow Exchange's operating income is interest income, which is approximately 60-70% of total income. Everything will look great. But according to this logic, it should be so, but for some reason the stocks are not growing. These are the two main reasons why stocks cannot rise higher, despite their apparent "profitability". And even if the key interest rate is the same as in Turkey, if the money leaves the exchange, no one will be able to make money out of thin air. .________The channel completely disassembled it and provided entry points and purchase points!