EURASIAN MARKET ROUNDUP – 20TH MAY 2018

Shares in Moscow ended slightly higher at the close of business on Friday.

Stocks in Power companies, Mining and Oil firms as well as the Gas sector pushed shares higher seeing the MOEX Russia rising 0.15% to 2326.94.

Performers of the trading session were, Inter rao ees (MCX:IRAO) adding 3.63% or 0.1450 points to end at 4.1450, United Company Rusal Plc (MCX:RUAL), which rose 10.62% or 2.590 points to trade at 26.980 at the end of business and Safmar Finansovye Investitsii PAO (MCX:SFIN) adding 3.63% or 27.0 points to 770.

Underperformers of the session were X5 Retail Group NV (MCX:FIVEDR), falling 2.34% or 45.0 points to end at 1880. Surgut-pref (MCX:SNGS_p) declined 2.10% or 0.695 points to end at 32.450 and PIK (MCX:PIKK) was down 1.84% or 6.00 points to 320.00.

The number of falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 123 to 92 and 17 ended unchanged.

Russian VIX index, which measures the implied volatility of MOEX Russia options, was up 1.44% to 21.840.

Gold Futures for June delivery was up 0.15% or 1.90 to $1291.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.36% or 0.26 to hit $71.23 a barrel, while the July Brent oil contract fell 0.34% or 0.27 to trade at $79.03 a barrel. In addition, the US Dollar Index Futures was up 0.12% at 93.50.

The Week Ahead

Armenia

On Monday 21st May Armenia reports Balance of Trade figures, the expectation is that the figure will rise from -197.2M to -183.6M.

Armenia also reports Construction output data, Industrial Production and Economic Activity numbers.

Russia

On  Monday 21st May Russia reports PPI numbers.

On Tuesday 22nd May Russia reports Retail sales which are expected o see a slight rise from 2% to 2.3%.

Russia also reports the Unemployment rate and Real Wage Growth. Unemployment is expected to see a very slight increase from 5% to 5.1% whilst wage growth is expected to see a slight decline.

Kyrgyzstan

On Monday 21st May Kyrgyzstan releases Industrial Production numbers which are expected to see a large increase from -9.4% to 11%.

On Tuesday 22nd Kyrgyzstan reports Balance of Trade figures which are also expected to increase to -195M from -224M.

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Eurasian Market Roundup – 13th May 2018