CIS Market Daily - December 8, 2020
MARKET COMMENT - LACKING NEW CATALYSTS, MARKETS LED LOWER BY COVID-19, POLITICAL NEWSAlthough the MSCI EM squeaked out a 0.2% gain, DMs were weaker (-0.1%), as a lack of catalysts, worsening Covid-19 numbers (especially for the US) and political failures to advance on key issues left markets with little reason to rally further. Russia fared better than most, the RTS (1,369) gaining 0.8%. Global and Russian indicators suggest slight declines this morning. STORIES> Transneft flags potential dividend policy changes next year
Transneft is an oil pipeline group based in the Russian Federation. Co. and its subsidiaries operate a crude oil pipeline system totalling 50,142 km. Co. transport millions of tons of crude oil to domestic and export markets. Co. produces a substantial majority of the crude oil in the territory of the Russian Federation. In addition, Co., through Group Transnefteproduct operates an oil products pipeline system in the Russian Federation and in the Republics of Belarus and Ukraine totalling 18,746 km. Through its associate OOO LatRosTrans, Co. operates an interconnected system in the Latvian Republic.
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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