After the fall started in March, the shares of RusAl and GDR En + have shown an increase of 7-9%.
About 4 pm, Moscow time, the securities of RusAl increased by almost 9.5% to 25 rubles. GDR En + grew by 7% – to 494 rubles for 1 share.
Since March, RusAl’s shares have fallen by almost 30%- from ₽ 32 to ₽ 23. En + depositary receipts have lost 23% – they fell from 600 rubles to 460 rubles. It’s fair to say that this week the Russian market has shown a good increase. The index of the Moscow Exchange almost daily updated the maximum value in the history of its existence.
Experts believe that investors saw the undervalued securities of RusAl and En + and began to buy them. This was the reason why these assets showed excellent growth on Friday.
The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade