Gas, finance, and IT: VTB My Investments named the favorites for the third quarter.

      July 2, 2026 12:54 Economy Analysts at VTB My Investments prefer high-quality representatives from the financial and IT sectors against the backdrop of attractive valuations and the launch of share buyback programs, as well as shares of gas companies in anticipation of improvements in their financial results. This was reported by the broker's experts at the presentation of VTB My Investments' investment strategy for the third quarter of 2026.

      "In the third quarter, companies will present their reports for the first half of 2026, the dividend season is approaching, and at the same time, investors are awaiting the next meetings of the Bank of Russia on the key rate. These events will be crucial for the market in the coming months. As part of portfolio diversification, we choose stocks of companies that are trading with double-digit dividend yields, as well as those for which we expect improvements in financial indicators," said VTB My Investments investment strategist Alexey Kornilov.

      Among the favorites of VTB My Investments in the financial sector are the shares of DOM.RF, Sberbank, and the Moscow Exchange. In the IT sector, analysts note the growth potential of shares of Yandex, CIAN, HeadHunter, and the Positive Group. Against the backdrop of improving financial results, gas producers, particularly Novatek and Gazprom, as well as some exporters: Polyus, Norilsk Nickel, and Sovcomflot, look promising.

      According to VTB My Investments analysts, the Moscow Exchange index may reach 3,450 points over the next 12 months, and the dividend yield of the Russian stock market may reach 9.6%.

      As the expected easing of monetary policy progresses, the prices of long-term OFZs will rise more slowly amid increased risks. Against this backdrop, the broker's analysts highlight high-quality corporate bonds with an AA rating, offering a fixed coupon and a yield of 17-19% per annum. In case of a weakening ruble, it is advisable to hold local currency bonds in the portfolio.

      VTB My Investments' forecast for key macroeconomic indicators:

      — The key rate at the end of the current year in the baseline scenario may be 13.5%.

      — The ruble exchange rate at the end of the current year may be 80.7 rubles per dollar and 11.7 rubles per yuan.

      — GDP in 2026 in the baseline scenario may be 0.6%.

      — The average price of Russian oil in 2026 may be $61 per barrel.

      — The average price of gold for 2026 is expected to be $4,565 per ounce.

      *This is not an individual investment recommendation (IIR)

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