Start of trading on the Moscow Exchange, rates in banks, Severstal coupons: digest

Today, trading in shares on the Moscow Exchange will resume. Top 10 deposit rates. Severstal failed to pay coupons on Eurobonds. notable events,

Moscow exchange stock market

On March 24, 2022, the Moscow Exchange   resumes trading in shares.

On the stock market, 33 securities out of 43 included in the Moscow Exchange Index (IMOEX) will be traded. Investors will not be able to make deals with ten instruments, the initial placement of which took place on foreign platforms - Globaltrans, Headhunter, Ozon, Petropavlovsk, TCS Group, VK, X5 Group, Fix Price Group, Yandex, Polymetal.

Shares will be traded from 09:50 Moscow time to 14:00 Moscow time:

09:50–10:00 Moscow time — opening auction; 10:00–13:40 Moscow time — trading period; 13:40–13:50 Moscow time — closing auction; The site also announces the possibility of bidding in the form of a discrete auction with a start no later than 13:10 Moscow time.

Bond market Moscow exchange

On March 24, federal loan bonds   (OFZ) will be traded on the Moscow Exchange from 09:50 Moscow time to 18:50 Moscow time:

09:50–10:00 Moscow time — opening auction; 10:00–18:40 Moscow time — trading period; 18:40–18:50 Moscow time — closing auction; The Moscow Exchange lifted the ban on opening short positions in OFZ.

Trading in other instruments on the Moscow Exchange:

trades in other bonds are held from 09:30 to 19:00 only in the "Redemption: Address orders" mode with settlements in rubles; transactions in the currency, money markets and the precious metals market will be held from 10:00 to 19:00 Moscow time; on the derivatives market from 10:00 to 18:45 Moscow time, currency and commodity instruments are available, as well as futures on the SPDR S&P 500 ETF Trust, the DomClick real estate index, the OFZ basket and the RGBI government bond index.

The mode of operation of the Moscow Exchange in the following days will be announced on the official website of the Bank of RUSSIA later.

SPB Exchange will start trading in the mode intended for private investors from 14:30 Moscow time.

first, the 15 most liquid shares will be available for purchase; Starting from 16:00 Moscow time, another 1,639 securities of international companies will start trading.

Trading on the exchange will begin with OFZ: 5 factors that will change their market Moscow Exchange , OFZ , default , Ministry of Finance

Top 10 rates on deposits and savings accounts

The average rate of the 54 largest depository banks on deposits for a period of one year in the amount of ₽100 thousand as of March 24 is 9.59% per annum, according to the FRG100 index.

The most favorable deposit rate as of March 24, 2022 is 25% per annum.

Top 10 banks with high effective rates on deposits and savings accounts as of March 24, 2022:

Sinara - up to 25%; Sovcombank - up to 25%; VTB — up to 24%; Vladbiznesbank — up to 24%; Transstroybank - up to 23.66%; Transcapitalbank - up to 23.50%; SBI Bank - up to 23.50%; Promselkhozbank - up to 23.50%; Eurofinance Mosnarbank - up to 23.50%; Investtorgbank - up to 23.50%.

Source: Banki.ru financial marketplace (the effective rate is calculated according to the Banki.ru methodology and is not an offer, detailed conditions are in credit institutions).

Russian stocks that may be interesting after the market opens

Dmitry Puchkarev, an expert on the stock market at BCS World of Investments, believes that exporters and commodity companies may look better than the market: metallurgists (Nornickel, RUSAL, NLMK), gold miners (Polyus), oil and gas (Lukoil, Rosneft) , Tatneft, etc.), as well as the diamond mining company ALROSA.

The expert noted companies focused on the domestic market, which may be worse than the market, among them: banks (Sberbank, VTB), telecommunications (MTS, Rostelecom), electric power industry (Inter RAO, RusHydro), developers (PIK ), it sector.

On March 24, the Moscow Exchange will launch trading in shares. What to look for Moscow Exchange , Moscow Exchange Index , Shares ,  Russia

Most experts expect positive stock dynamics in the near term, although they acknowledge that quotes may fall at the beginning of trading against the background of closing margin calls.

The market can be supported, in particular, by purchases from the Ministry of Finance, which is ready to allocate ₽1 trillion from the NWF for this, and the absence of non-residents - in 2021, their share in the turnover of the stock market on the Moscow Exchange was 48%, the BCS World of Investments notes. .

Reference: quotes of Russian companies on the OTC market from February 28 to March 22, as well as closing prices on February 25

Shares of blue chips   (POLY, TCSG, YNDX, which were not admitted to trading on March 24) were excluded from the list on the organized over-the-counter market from February 28 to March 22:

ALROSA — from ₽70.32 to ₽90.48 (closing quotes as of February 25, 2022 — ₽79.6); Gazprom — from ₽175.68 to ₽377.86 (closing quotes as of February 25, 2022 — ₽228); Norilsk Nickel — from ₽17,500 to ₽27,216.26 (closing quotes as of February 25, 2022 — ₽19,052); LUKOIL — from ₽3,700 to ₽7,462.01 (closing quotes as of February 25, 2022 — ₽4,915); “Magnet” — from ₽2850 to ₽3150 (closing quotes on 02/25/2022 — ₽3202); NLMK — from ₽120 to ₽277.45 (closing quotes as of February 25, 2022 — ₽177.5); NOVATEK — from ₽1136.92 to ₽1269 (closing quotes as of February 25, 2022 — ₽1134); Polyus — from ₽9,596 to ₽11,164 (closing quotes as of February 25, 2022 — ₽10,633); Rosneft — from ₽259.74 to ₽413.69 (closing quotes as of February 25, 2022 — ₽307.95); Sberbank — from ₽86.85 to ₽299.34 (closing quotes as of February 25, 2022 — ₽131.12); Surgutneftegaz — from ₽22.30 to ₽40.96 (closing quotes as of February 25, 2022 — ₽22.42); Tatneft — ₽335 (closing quotes as of February 25, 2022 — ₽353). Coupon payments on Severstal Eurobonds

Russian steel giant Severstal failed to pay a $12.6 million coupon on $800 million bonds maturing in 2024, the company reported on the London Stock Exchange. The payment agent of Citibank rejected the transaction due to sanctions against its owner Alexei Mordashov.

Severstal did not pay off the bonds due to sanctions against Mordashov

Severstal was supposed to redeem this coupon on March 16th. As part of the new currency control measures in Russia, the company received permission from a special commission under the Ministry of Finance to make such a payment.

The company promised to find alternative ways to avoid default   .

Earlier, Evraz faced a blocking of a payment. However, on March 22, the company announced that the payment still went through. Evraz believes that the problems were related to the UK sanctions against the company's shareholder Roman Abramovich.

Dividends of Raspadskaya

The board of directors of the Raspadskoy coal company at a meeting on March 23 decided not to recommend the payment of dividends based on the results of 2021. The company announced this in a report.

Due to the current geopolitical situation, the company does not believe that the payment of dividends will serve the best interests of the business and its shareholders. This decision will provide a liquidity reserve   during an unstable geopolitical situation, according to a press release from Raspadskaya. “In our opinion, the payment of dividends has not been canceled, but rather postponed until the situation normalizes,” Vasily Karpunin, an expert at BCS World of Investments, commented on the situation.

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How the previous trading session ended S&P 500 : 4456.23 (-1.23%) DOW JONES Industrial Average : 34 358.5 (-1.29%) NASDAQ Composite: 13,922.6 (-1.32%) A term that refers to the likelihood of an asset being sold quickly at or near market price. Read more Highly reliable and the most liquid stocks on the market with stable returns. Blue chip companies are leaders in their industry. As a rule, the change in the price of blue-chip shares determines the mood of the market. Default (from the French de fault - due to fault) - a situation that has arisen when the borrower fails to fulfill obligations to pay or service debt. A default is the failure to pay interest on a loan or a bonded loan, as well as non-repayment of the loan. It is worth highlighting a technical default - a situation where the fulfillment of obligations was only a temporary delay in payments, as a rule, due to circumstances beyond the control of the borrower. A default serves as a basis for a creditor to file a claim for the bankruptcy of the borrower A regulated market where sellers and buyers meet who trade in various assets: stocks, bonds, currencies, futures, commodities. Everyone can become a participant in trading on the stock exchange - for this you need to open a brokerage account. Each transaction is concluded at a market price, is completed almost instantly, and is also registered and controlled. More Debt security, the owner of which has the right to receive from the person who issued the bond, its face value within the agreed period. In addition, the bond implies the right of the owner to receive a percentage of its face value or other property rights. Bonds are the equivalent of a loan and are similar in principle to the lending process.