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By Yekaterina Yezhova
MOSCOW, Dec 28 (PRIME) The Moscow Exchanges telecoms index rose by 6.1% in 2020 mostly thanks to robust performance of Rostelecom on the back of acquisition of Tele2 and other firms, while MTS is mainly a dividend-paying stock, analysts said, adding that Yandex still has growth potential.
The telecom companies managed to maintain the financial results, which is advantageous compared to the other industries, investment company IC RUSS-INVEST analyst Dmitry Bedenkov told PRIME
He added that the lockdown boosted services and raised the companies revenue.
MTS ordinary shares accounted for 72.72% of the telecom index weight on December 24, Rostelecoms ordinary shares for 22.30%, its preferred shares for 2.99%, and the preferred shares of MGTS, controlled by MTS, for 1.99%.
By Yekaterina Yezhova
MOSCOW, Dec 28 (PRIME) The Moscow Exchanges telecoms index rose by 6.1% in 2020 mostly thanks to robust performance of Rostelecom on the back of acquisition of Tele2 and other firms, while MTS is mainly a dividend-paying stock, analysts said, adding that Yandex still has growth potential.
The telecom companies managed to maintain the financial results, which is advantageous compared to the other industries, investment company IC RUSS-INVEST analyst Dmitry Bedenkov told PRIME
He added that the lockdown boosted services and raised the companies revenue.
MTS ordinary shares accounted for 72.72% of the telecom index weight on December 24, Rostelecoms ordinary shares for 22.30%, its preferred shares for 2.99%, and the preferred shares of MGTS, controlled by MTS, for 1.99%.
Russian stocks may decline following drop in oil prices
MOSCOW, Dec 23 (PRIME) Russian stocks may decrease at the opening on Wednesday amid a drop in oil prices and a mixed foreign background, analysts said.
We expect the MOEX Russia Index to open with a decrease of 0.20.5%, in the range of 3,2203,230 points. The nearest support levels will be 3,210 and 3,200 points. The main resistance will remain at 3,240 and 3,250 points, Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock index futures are falling within 0.10.2%, Brent oil futures lost 1.6%, Chinas Shanghai Composite added 0.6%, and Japans Nikkei225 rose 0.4%.
MOSCOW, Dec 11 (PRIME) The Russian stocks grew on Friday thanks to stable oil prices, analysts said.
The MOEX Russia Index rose 0.56% to 3,276.58 and the RTS increased 0.58% to 1,412.88.
The MOEX Russia Index and the RTS Index climbed into the green zone at the end of trade after mixed dynamics and in spite of the mixed external background, Veles Capitals analyst Yelena Kozhukhova said.
The U.S. bourses fell by 0.10.3% as of the end of trade on the Russian market as lawmakers are stalling coordination of an economic stimulation package, while the European bourses were in the red on on investor fears that the Brexit deal may fall through again, Kozhukhova said.