Report
Andrey Kuznetsov ...
  • Cole Akeson
  • Georgiy Ivanin
  • Research Team

CIS Market Daily - September 29, 2021

MARKET COMMENT - GAS STOCKS RISE, GLOBAL MARKETS FALL AHEAD OF BUSY BANKING, OIL AGENDA TODAYMajor indexes saw their sharpest declines in months as the US Senate failed to take action on the debt ceiling impasse. The MSCI ACWI fell 1.9%. Russia was a slight outperformer, its MSCI index declining only 0.7% while Russia's gas stocks were scooped up by investors on highly elevated turnover. EMEA and US futures look bullish this morning, but oil remains under pressure and other relevant indicators are mixed. A Sber strategy event, remarks from heads of major global central banks, the weekly EIA report, and a US Senate discussion on Nord Stream 2 are among items to watch.STORIES> LSR Group bought back 5.3% of its shares in its tender offer
Underlyings
LSR Group

Group LSR PJSC is involved real estate development in Saint Petersburg, Munich, Yekaterinburg and Moscow, prefabricated panel construction in Saint Petersburg, Moscow and Yekaterinburg, commercial real estate development in Saint Petersburg and Moscow and Yekaterinburg, the production of building materials at plants located in Russia and Ukraine, the extraction and processing of aggregates in Leningrad region, and the provision of construction services. These products and services are sold mainly in Russia. As of Dec 31 2015, Co. had five reportable segments: LSR.Building Materials; LSR. Construction; LSR.Project management; LSR.Cranes; and LSR.Real Estate.

LSR Group (GDR)

Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Andrey Kuznetsov

Cole Akeson

Georgiy Ivanin

Research Team

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