Phosagro shares fell for the first time since the resumption of trading

Quotes of the fertilizer producer fall for the first time since the resumption of trading on the Moscow Exchange,stopped on February 28 PhosAgro PHOR₽7 520 -15,58% Buy Akron AKRN₽22 054 -18,35% Buy Uralkali URKA— —

Quotes of PhosAgro immediately collapsed by 17.2%, dropping to ₽7.37 thousand per share. As of 11:17 Moscow time, the value of the shares corrected to ₽7.75 thousand. This is evidenced by the trading data of the Moscow Stock Exchange.

The sector of fertilizer producers, which previously showed strong growth, is undergoing a correction   : Kuibyshevazot shares are down 14%, Akron - 19%.

PhosAgro shares posted strong gains for four trading sessions in a row from March 24 to 29, gaining 77.6% in that time to set a new record.

PhosAgro PHOR ₽7,520 (-15.58%) 1d 1d 1m 3m 1y All time Chart...

“Exporters that are not affected by sanctions may even grow against the backdrop of devaluation,” Vasily Karpunin, HEAD of the information and analytical content department at BCS Mir Investments, explained earlier. However, on March 29, Dmitry Donetsksky, chief analyst at IFC Solid, warned that PhosAgro and Acron had already reached fair values, even taking into account the new inputs, so it makes sense to take profits   .

Dmitry Babin from BCS, in turn, believes that it is too early to make long-term forecasts regarding the movement of the Russian market.

“In conditions of weak trading activity and relatively low liquidity,   it is too early to talk about any stable trend in individual shares or sectors of the Russian market. Moreover, it may still be under the influence of margin positions (both short and long) opened at the end of February, the closure of which can distort the picture in individual shares and the market as a whole, ”he noted.

PhosAgro shares soared 34% at the opening of trading on the Moscow Exchange Moscow Exchange , PhosAgro , Shares

Chairman of the State Duma Vyacheslav Volodin proposed expanding the list of EXPORT goods for which payment can be taken in rubles, Interfax reports. He put forward the idea of ​​selling fertilizers, grain, oil, oil , coal, metals, timber, and so on for rubles.

On Monday, March 28, trading in all Russian stocks and corporate bonds resumed on the Moscow Exchange   . On March 29, the Central Bank of the Russian Federation allowed shares with a primary listing on foreign exchanges to be traded. Among them are the papers of X5 Retail Group, Fix Price Group, Globaltrans, HeadHunter, Ozon, Petropavlovsk, Polymetal, TCS Group, VK and Yandex.

Since March 30, it is also possible to trade securities of Rusagro, CIAN, EM44 and GEMC (both EuroMedCenter), Etalon, HMSG (Hydraulic Machines & Systems Group), Lenta, Mother and Child, O `Key', QIWI, Softline, Veon.

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A term that refers to the likelihood of an asset being sold quickly at or near the market price. More Closing a trading position in order to make a profit. As a rule, profit-taking occurs when indicators that are beneficial to the seller are reached or when quotes move unpredictably. A change in the rate of stocks or currencies in the direction opposite to the main trend of market prices. For example, the growth of quotations after a weekly decline in the price of a share. The correction is caused by the execution of stop orders, after which the movement of quotes resumes according to the main market trend. A debt security whose owner has the right to receive from the person who issued the bond its face value within a specified period. In addition, the bond implies the right of the owner to receive a percentage of its face value or other property rights. Bonds are the equivalent of a loan and are similar in principle to the lending process. Both governments and private companies can issue bonds.