Page 69 - RusRPTAug20

8.3 ​Stock market
8.3.1 ​Equity market dynamics
After a rebound from the shock inspired lows the market has been trading sideways​ for most of July with the RTS stuck at about 1,250 and the MOEX Russia Index at 2,800.
Analysts are expecting a slow climb for the RTS through to about 1,500 but the summer doldrums have set in and investors are awaiting triggers.
At the same time amongst the sectors consumers and metal & mining are back in positive territory YTD returning 3% and 1% respectively as of the end of July. OIl and gas remains the worst performer and was still down 30% YTD as of the end of July.
69​ RUSSIA Country Report​ August 2020 ​ ​www.intellinews.com