CIS Market Daily - April 24, 2018
MARKET COMMENT - LATE RALLY TRIMS EARLIER LOSSES AS INVESTORS SCRUTINIZE SANCTION NEWSThe RTS was trading down some 1.8% intraday when US agency OFAC announced a series of clarifications on its sanctions on RUSAL and other companies. The market subsequently gained more than 2 pp before falling back for an overall decline of 0.1% for the day at 1,145. Meanwhile, the morning backdrop looks moderately positive today.STORIES> Tatneft dividend payout for 2017 to total almost R40 per share> X5 Retail Group 1Q18 IFRS preview: More margin deterioration> Latest Sberbank CIB Ivanov Consumer Confidence Tracker released
X5 Retail Group is a holding company. The main activity of Co. is the development and operation of grocery retail stores. Co. operates a retail chain of soft-discount, supermarket and hypermarket stores under the brand names "Pyaterochka", "Perekrestok" and "Karusel" in major population centres in Russia, including but not limited to Moscow, St. Petersburg, Nizhniy Novgorod, Rostov-on-Don, Kazan, Samara, Lipetsk, Chelyabinsk, Perm, Ekaterinburg and Kiev, Ukraine.
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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