Stock market review for April 19, 2021

The week ended with growth. The Moscow Exchange Index nearly hit a new all-time high. Raspadskaya shares (RASP 231.86, +15.93%) were the leaders against the background of corporate news. The leaders of the decline were (MVID 689.7, -1.47%). The USD/RUB pair traded in the range of 75.50-76.50.

Etalon Group (ETLN 127.86, +2.60%) will release its operating results for the first quarter. Mortgage loan origination volumes are expected to be down 40% q/q. That's a lot even against a high base and seasonal factor. The volume of sales is forecast at 25 billion rubles, with the average price per "square meter" rising to 168 thousand rubles. The latter will compensate for the negative impact of a decline in sales in volume terms. In the second quarter, according to experts, demand for mortgages will increase due to the powerful effect of the deferred effect, and rising prices will stimulate sales.

(LOKOH 6,062.5, +0.13%), spec. buy, target: 6,700 rubles. The company's shares lagged behind the securities of other oil and gas sector representatives by the growth rate. The additional positive driver is higher oil prices and approaching season of active automobile transportation.

We expect multidirectional dynamics. The pair will trade within the range of 76.00-77.00. Benchmark for Mosbirch Index: range of 3600-3650 points. Shares of banks and oil and gas sector may become the leaders of growth.