The Moscow Exchange Index has maintained a stable position within the range of 3150-3260 points amidst recent political turbulence. The market experienced fluctuations influenced by statements from US President Donald Trump regarding potential sanctions on Russia. Initially, the index neared the lower support level at 3150 points due to these remarks. However, a subsequent positive statement led to a significant recovery, resulting in the market closing nearly unchanged for the day.

This pattern of sharp reactions to political rhetoric, followed by quick corrections, has become a consistent feature of the market. The current trading range of 3150-3260 points on the Moscow Exchange Index continues to guide speculative activities. The market opened with a 0.6% growth following these events.

During the trading session, Unipro’s shares notably declined by 5.5%, driven by expectations of a substantial increase in capital expenditure that could deplete the company’s existing reserves. While a technical rebound is anticipated, caution is advised against considering it for long-term investment purposes.

Sovcomflot witnessed a 4.8% drop in share value post the release of a weak financial report. However, with potential improvements in geopolitical conditions and the prospect of sanctions being lifted, there is room for significant growth, especially considering the company’s stable financial performance. Risk-tolerant investors might view this as a speculative opportunity with the potential for favorable returns.

The St. Petersburg Stock Exchange observed a strong rally recently, hinting at a possible significant movement in the near future as a “converging triangle” pattern emerges on its shares. Investors are advised to consider joining this potential momentum from a speculative standpoint.

Furthermore, the ruble exhibited a strengthening trend against the yuan, with the Bank of Russia expected to provide insights on the ruble’s future prospects in its Review of Financial Market Risks. While a gradual weakening of the Russian currency is probable given the current geopolitical landscape, positive outcomes in Russia-US negotiations could lead to a considerable strengthening of the ruble.

In conclusion, the Moscow Exchange Index’s resilience within the specified range underscores the market’s ability to navigate political uncertainties. Investors are advised to closely monitor geopolitical developments and their potential impact on market dynamics to make informed trading decisions.