Rosneft shares rise in price again

04.03.2021

Rosneft shares have reached an all-time maximum. Therefore, according to trade data, at the close of trading on March 3, the value of the company’s ordinary shares reached 535.35 rubles per share.

The growth of the company’s shares may be due to the fact that the shares of Rosneft were included by Gazprombank in the list of the most attractive investment instruments, and the capitalization tends to double. Analysts of Gazprombank spoke about this in their monthly report on the securities market.

According to GPB analysts, the main factors for including the oil company on this list were the announcement of the start of the ambitious Vostok Oil project in the north of the Krasnoyarsk Territory, the historical profitability of Rosneft, and the detailed disclosure of the ESG agenda. These factors will be fundamental triggers for the revaluation of the company’s shares.