The stock market is trying to make up for the long weekend

Russian indices are rising at the opening of trading on Tuesday after a long weekend. While Russian investors were resting, oil managed to rise above $70 and back to $68.

Even in the morning oil quotes were adding 0.8%, but now are down by 0.5%. The growth at the beginning of the week was short-lived, being provoked by the reports about military strikes of Hussein on the oil infrastructure of Saudi Arabia.

The S&P 500 futures are up 0.4% today after the index declined 0.54% yesterday. The broad market in the U.S. continues to feverish amid rising government bond yields. High-tech sector is especially affected.

Against this background, we see persistent weakness in the securities of Russian Internet companies: Ozon (-5%), (-2.3%), (-1.2%).

Sberbank's heavyweight shares are up a modest 0.2%, while Gazprom and LUKOIL are losing 0.05% and 0.55%, respectively.

The securities of the reported (+1.8%) look better than the market. The company's revenues grew by 23% in Q4.

The USD/RUB exchange rate rose by 0.27% to 74.4.

Leaders: ChTPZ (+9%), Cherkizovo (+2.7%), Rostelecom (+1.8%), ALROSA (+1.2%)

Outsiders: (-5%), Rusal (-2.5%) Yandex (-2.3%), PIK (-1.6%), (-1.2%)

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