Mosex index, PIK shares, inflation: investor digest
The Russian stock market closed on Wednesday without a single dynamic. October 15 is the last day of trading in T+1 PIK shares. From 6 to 12 October, the growth of consumer prices in Russia slowed to 0.11% against 0.96% a week earlier
Mobiri Index
The index of the Moscow Exchange (IMOEX) following the results of the main trading session on Wednesday, October 14, increased by 0.1%, to 2421.45 points. The IMOEX2 index, which shows the dynamics of the market including in the evening and morning sessions, ended the day in minus 0.53%, to 2413.68 points.
The Russian stock market closed without a single dynamics after strong growth on the eve, said Anna Kotelnikova, an analyst at Finam. Apparently, investors are recording a profit after the growth of the market since last week due to an improvement in the geopolitical background and the conclusion of a deal between Russia and the United States for the export of diesel fuel, the expert suggested.
“At the same time, the market is also supported by the continuing rise in oil prices, as well as the words of the press secretary of the Russian President Dmitry Peskov, who did not rule out the possibility of a trilateral meeting of the heads of Russia, China and the United States,” added Anna Kotelnikova.
Leading analyst of Freedom Global Natalia Milchakova predicts that on Thursday, October 15, the index will show dynamics in the range of 2350-2450 points. And in the coming weeks, the indicator will fluctuate within 2400-2450 points, the expert said.
On the morning of Thursday, October 15, IMOEX2, according to 8:09 MSK, grows by 0.14% to the close of evening trading on October 14, to 2417.17 points.
PIC shares
Shareholders of the developer PIK (PIKK) on Wednesday approved the delisting of shares of the issuer and the termination of its public status. October 15 is the last day when shares of the company can be bought or sold in the main mode T+1, and October 20 the Moscow Exchange will completely stop trading this paper.
That is, today individuals and investors will have the right to make the last purchase and sale of PIK shares on the Moscow Exchange with settlements under the T+1 scheme. After that, only legal entities will be able to conduct transactions with these securities until October 20.
October 20 is also the date of closing the register of shareholders for participation in the procedure of share repurchase by the controlling person. According to the requirements of the legislation, the redemption itself must be completed within 25 days from the date of closing the registry, that is, until November 14, 2026.
At the beginning of September, the majority shareholder of the developer - JSC Real Estate Assets and its affiliates - controlled 98.0071% of the company. Under the law on joint-stock companies, the owner of a stake of more than 95% receives the right to forcibly redeem the remaining securities, and on September 4, Real Estate Assets sent a demand for redemption of shares at a price of 551.4. The board of directors then approved the delisting.
Analysts of Alfa-Investments noted that investors currently have two ways:
sell PIK shares on the stock exchange for the rest of the day; do nothing and just wait for the payment. The redemption will take place unilaterally - for those who were on the list of participants in the redemption on October 20, the money at the rate of м551.4 per share will go to the brokerage account in mid-November.
The broker stressed that the difference between the current price and the redemption price is minimal, so the main difference is in the timing of receiving money.
Inflation
In Russia from 6 to 12 October, the growth of consumer prices slowed to 0.11% against 0.96% a week earlier, according to Rosstat. Year-on-year inflation on October 12 rose to 7.22% compared to 7.17% on October 5.
The annual growth rate of prices continues to increase, which, in fact, excludes a reduction in the key rate of the Central Bank at a meeting in October, believes the expert of BCS World of Investments Mikhail Zeltzer. In his opinion, next Friday the regulator will again keep the rate at 14%.
Corporate events
"Handerson." Operating results for the third quarter of 2026. "Loyer." Operating results for the third quarter of 2026. Peak. Last trading day in a T+1 glass. "Qian." The Board of Directors will discuss dividends for the first nine months of 2026. Fix Price: ESA. On the agenda the issue of approval of the charter of the company in a new edition
Other important developments
International Forum "Russian Energy Week". Day 2. The Bank of Russia will publish an assessment of the balance of payments of the Russian Federation for January – August 2026 Annual meeting of the IMF, the World Bank and the world central bankers – day 4. The EU will host a meeting of the Oil and Fuel Coordination Group. Russia: international reserves of the Central Bank — 16:00 GMT USA: crude oil reserves from the US Energy Information Administration (EIA) — 19:00 GMT.
