The main stock market index in Russia (MOEX) increased 181 points or 5.84% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Russia. Russia Stock Market Index MOEX CFD - values, historical data, forecasts and news - updated...
The ruble-based MOEX Russia index rose for the second session to 3,198 on Monday, buoyed by improved sentiment on European markets and China's government support measures.
Also, investors digested a new batch of earnings reports.
The gains were primarily driven by metals & mining, consumer goods & services, and financials.
Ashinskiy Metzavod (5.2%), Raspadskaya (4.8%), GLTR (4.7%), MOEX (4.4%), Norilsk Nickel (3.6%), LSR (3.5%), and Sberbank (2.5%) were the top gainers.
Conversely, losses came from M.Video (-1.1%), Sovkomflot (-0.8%), and PIK (-0.2%).
Sovkomflot presented its accounts, with the net profit for the 1st half of the year amounting to $496 million and for the 2nd quarter to $210 million. Although the comparative data for the same period of 2022 was absent, the results came in worse than expected.
Tomorrow, TCS, GLTR, Polyus, and Rosseti will publish their earnings.