Market performance –Turkish index the regional top performer in December. The MSCI EME gained +3.7% mom in EUR terms in December. The largest rate of return for December was realised by the Turkish ISE30 (+13.9% mom), followed by the Athens Stock Exchange index (+8.4% mom), the Polish WIG20 (+2.9%), the Hungarian BUX (+2.6%), the Czech PX index (+1.6% mom) and the Russian MIXEX (+0.8% mom), while the Romanian BET index lost 1%. Only utilities in negative territory for December. Industrials wa...
Today we met with Pavel Fedorov, First Vice President of Rosneft, who took analysts through key points of the company’s Strategy-2022 (to be approved this year) while also participating in a fruitful Q&A session. Our most important takeaway from the meeting is that the Samotlor MET reduction for which Rosneft has lobbied has a very good chance of materialising in coming months. This leaves us POSITIVE on Rosneft stock which we still consider one of the most attractive names in the Russian oil sp...
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