- Andrew Keeley
- Andrey Kuznetsov
- Andrey Gromadin
- Anna Kotelnikova
- Cole Akeson
- Fedor Kornachev
- Kirill Rogachev
CIS Market Daily - July 3, 2019
MARKET COMMENT - EM ASSETS LOOK CAUTIOUS AT BEST AHEAD OF THE US HOLIDAYThe MSCI EM was flat yesterday versus a 0.3% gain for its DM counterpart. Lacking major global catalysts, markets appeared a bit risk averse in anticipation of the US holiday tomorrow. Russia was in the bottom quarter of EMs with a 0.2% decline on the RTS to 1,398, which came amid a weakening ruble and lower than average trade volumes. The formalization of the OPEC+ group failed to stop Brent from sliding more than 3% yesterday. Among items on today's agenda are the CBR's conference in St Petersburg, global PMIs, and the ADP and EIA reports.STORIES> Novatek receives first repayment tranche from Yamal LNG> Moscow Exchange publishes trading update for June> Industrial consumers seek probe of sharp growth in electricity prices> Russian Railways considering temporary discounts for coal shipmentsMoskovskaya Birzha MMVB-RTS PAO. Moskovskaya Birzha MMVB-RTS PAO (MMVB-RTS OAO) is a Russia-based integrated stock exchange that provides electronic trade organization, clearing and settlements on trades, depository and information services. The Company provides trading and settlement services in such segments of the financial market as foreign exchange (FX) market, federal bonds market, market of derivative financial instruments, cash equities market, corporate and regional fixed income market, commodities market, as well as market for state and municipal orders. The Company was established as a result of the merger between MMVB ZAO and RTS OAO. It operates through six branches and three representative offices. As of February 27, 2013, the Company's major shareholder was the Central bank of the Russian Federation with a stake of 22.47%. In January 24, 2014, the Company sold its whole stake in MMVB-IT ZAO.
Novatek is an independent gas producer and natural gas producer in Russia. Co. is engaged in the exploration, production, and processing of natural gas and liquid hydrocarbons. Co.'s upstream activities are concentrated in the Yamal-Nenets region, which is a natural gas producing area and accounts for a significant part of Russia's natural gas production. Co.'s three core fields are located in the regions of Yurkharovskoye, East Tarkosalinskoye and Khancheyskoye. Co. maintains natural gas reserves of approximately 1,144 bcm. Co.'s total net proved reserves totals around 8,088 million barrels of oil equivalent (boe).
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.
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