bne_newspaper_March_01_2019

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Content:
2 Top Stories
6 The Regions This Week 10 Chart
11 bne Invest
14 Central Europe
16 Southeast Europe 17 Eastern Europe 18 Eurasia
19 Opinion
22 bne Tech
March 1, 2019 www.intellinews.com
International investors remain overweight in Russian stocks, but oil sector loses its appeal
Ben Aris in Berlin
International investors remain overweight in Russian stocks and believe the risks of lower oil and more sanctions are already priced in, but after stellar returns last year, investors
are now underweight Russian oil stocks, BCS Global Markets said in a note following a survey of its clients.
Sberbank retakes Russia’s equity King of the Castle title
Ben Aris in Berlin
Russia’s state owned retail banking giant Sber- bank is back on top as Russia’s king of the castle – the most valuable stock on the Russian equity capital market, worth a massive $69.4bn as of February 22.
An investor’s darling because it is seen as a proxy for the whole Russian economy, the one-time
The oil sector has been a bit of rollercoaster ride in recent years. Following the collapse of the oil price at the end of 2014, the VTB Capital (VTBC) oil sector index was down over 40% by the end of that year. The following year was one of pain as Rus- sia’s economy tried to recover from the shock of
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Soviet dinosaur has managed to remake its image over the last decade as not only one of the most attractive stocks, but also oddly enough for a massive state-owned company, as one of the most progressive and innovative companies on the Russian market.
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