Russian stock market opens March 24 2022 first time since start of war

[bigdog]

https://tradingeconomics.com/russia/stock-market

The MOEX Russia index fell by over 1.5% to 3,083 on Tuesday, extending its decline for the second session, pressured by strengthened ruble and general caution, as investors eyed the UN Assembly and Fed meetings.

Transport, chemicals, and electric utilities were the most penalized sectors.

Among single stocks, Ros Agro (-4.6%), FixPrice Group (-4.4%), and Rosseti (-3.9%) underperformed.

Also, Polymetal reversed morning gains despite resuming the completion of company's redomiciliation.

On the other hand, NLMK rose by nearly 3%.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The MOEX Russia index dropped to 3,068 on Wednesday, declining for the third session but paring some of the morning losses, as geopolitical tensions in Nagorno-Karabakh eased.

On the other hand, the pressure from strengthened ruble and the wait-and-see approach ahead of the Fed's policy decision continued to weigh on the sentiment.

Additionally, the Russian central bank introduced new measures to limit volatility in low-liquid stocks, while the authorities announced the implementation of stringent currency controls.

Chemicals, transport, and electric utilities sectors suffered the biggest blow.

Among single stocks, GLTR (-3.1%), Polymetal (-2.3%), and Rosneft (-2.3%) fell considerably.

Also, investors kept their eyes on Alrosa after the company introduced temporary suspension of the sale of rough diamonds in September and October 2023 due to declining demand.

Meanwhile, increases were recorded by NLMK (3.2%), Novatek (2.4%), and Severstal (1.5%).

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The MOEX Russia index fell by 1.6% to 3,019 on Thursday, declining for the fourth session, pressured by hawkish remarks from the Fed, strengthened ruble and news about possible introduction of export duties in the fourth quarter of 2023-2024.

The Ministry of Economy and the Ministry of Finance are discussing the implementation of export duties on most goods, with the exception of oil, gas, scrap, grain and some types of engineering products.

The export duty will likely depend on the ruble exchange rate and will primarily affect metallurgy, coal and fertilizer producers.

Meanwhile, the local currency got a boost from a temporary ban on Russian fuel exports.

Among single stocks, the losses were headed by Polymetal (-6.2%), FixPrice Group (-4.6%), Magnit (-3.7%), and Ros Agro (-3.7%).

On the other hand, NLMK and Moex rose by around 0.8% each.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The MOEX Russia closed higher at 3,049 on Friday, reversing the morning trend but following four sessions of declines, as investors digested the remarks on the federal budget draft.

The Minister of Economic Development Maxim Reshetnikov presented at a government meeting the upwardly revised forecast of the socio-economic development of the country in 2024-2026, with the growth prospects raised to 2.3% for the next year.

Also, the authorities introduced controversial export duties from October 1 until the end of 2024 on most goods, with the exception of oil, gas, scrap, grain and some types of engineering products.

Among single stocks, Polymetal, Moex, and Severstal drove the gains, up by 8%, 5.6%, and 5%, respectively.

Conversely, Rusal was the main laggard, down by 1.6%. Over the week, the index lost 3.3%.


12 MONTH MOEX CHART

DAILY MOEX CHART

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The MOEX Russia edged down to 3,045 on Monday, as bearish tone prevailed on the market in the absence of any growth drivers and following the week of central banks meetings and the publication of Russian economic forecasts for 2024-2025.

Additionally, concerns about China's property sector weighed on the sentiment, with S&P cutting their projection for the country's yearly GDP growth.

The metals & mining sector dragged the index, while electric utilities and oil & gas provided support thanks to the news about planned raise in gas tariffs.

Among single stocks, NLMK (-2.6%), Ozon Holdings (-1.6%), Aeroflot (-1.4%), and Alrosa (-1.2%) headed the losses.

On the other hand, Polymetal, RusGidro, and Rosneft rose by 5.5%, 3.2%, and 1.5%, respectively, with the former reporting a 28% increase in net profit for the first half of 2023.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The MOEX Russia edged up to 3,051 on Tuesday, halting the earlier decrease but struggling for direction amid globally dampened sentiment and property woes in China, country's main trading partner.

On the other hand, oil prices have rebounded, providing some support.

Among sectors, telecommunications, consumer goods, and metals & mining gained the most.

As for the single stocks, X5 Retail Group, Severstal, NLMK, and MMK were the most bullish, up by 5.5%, 3.7%, 3.2%, and 2.6%, respectively.

Conversely, Polymetal (-3.3%), Rusgidro (-1.1%), and Rosseti (-1%) declined. On the macroeconomic agenda, Russian GDP and unemployment rate take spotlight after the close.

Meanwhile, the country's government proposed to introduce a tax on excess profits for oil and gas companies.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index held early gains and closed 0.5% higher at 3,068 on Wednesday, supported by gains in energy, tech, and banks as markets continued to assess global commodity demand and the potential impact of Russia’s precarious fiscal position.

Rosneft added 2.1% while Lukoil advanced 1.6%, extending their rebound while investors continued to gauge demand from Russian oil refineries amid their capacity crash.

The gains proceeded despite reports that authorities mull another round of windfall taxes for oil producers, attempting to raise up to RUB 200 billion and ease the Ministry of Finance's borrowing and welfare fund withdrawals.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index closed 1.3% higher at 3,108 on Thursday, extending gains from the week as markets continued to assess global commodity prices and their impact on Russia’s economy.

Global oil benchmarks near one-year highs, with Russian energy producers receiving an extra boost as the spread between Urals oil prices and Brent steadied under $18 per barrel, less than half the amount from peaks in the second quarter of 2022.

Gains were prominent among all key sectors with Surgut surging over 3%, while Lukoil added 2% to set the pace for energy providers.

In addition to lifting stocks for energy producers, profitable energy sales support government revenues and eased concerns over unsustainable borrowing and Russia’s fragile fiscal position.

Still, Moscow Exchange stocks tumbled 3% after the company announced its new dividend policy.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index closed 0.8% higher at 3,133 on Friday, extending its recent strong momentum for a 2.8% jump on the week as markets continued to assess global commodity prices and their impact on Russia’s economy.

Global oil benchmarks remained near one-year highs, with Russian energy producers receiving an extra boost as the spread between Urals oil prices and Brent steadied under $18 per barrel, less than half the amount from peaks in the second quarter of 2022.

Hence, Surgut led the gains among oil producers for a second session, with preferred shares surging over 7%.

In addition to lifting stocks for energy producers, profitable energy sales support government revenues and eased concerns over unsustainable borrowing and Russia’s fragile fiscal position

12 Month MOEX Chart

Daily MOEX Chart

 

[Dona Ferentes]

from ISW . .... how's that free market coming along?

The Russian Federal Security Service (FSB) is likely supporting amendments to a Russian State Duma bill that would expand its tools of digital authoritarianism to surveil users of Russian internet, banking, and telecom companies.

Russian outlet Kommersant reported on September 29 that the bill would allow Russian law enforcement agencies to remotely access, edit, and delete information in Russian private businesses’ databases.[18] The Russian State Duma is reportedly proposing these amendments to protect the personal data of Russian judges, FSB employees, and police from data leaks of personal information [19]

Kommersant reported that the Russian Big Data Association – which includes Russian internet giant Yandex, Russian telecommunications companies, and banks – opposed the amendments and claimed that such access could lead to new data leaks.[20] The FSB’s efforts to gain control over large companies’ databases are likely part of an attempt to strengthen surveillance measures over the Russian populace and populations in occupied Ukraine. The FSB also intends to use potential new access to databases to mask its operations more easily. The FSB’s potential new access to private companies’ databases may affect information security in other countries that use services provided by the Russian Big Data Association. In August, the Kremlin attempted to force Yandex into supplying international user data to the FSB.

 

[JohnDe]

The new stage of the economic war presents officials with tough choices. Mindful of a presidential election in March, the finance ministry wants to support the economy. Bloomberg, a news service, has reported that Russia is planning to increase defence spending from 3.9% to 6% of gdp. The finance ministry also wants to raise social-security spending. Mr Putin is keen to run the economy hot. He recently boasted about Russia’s record-low unemployment rate, calling it “one of the most important indicators of the effectiveness of our entire economic policy” (conscription and emigration no doubt helped).​

The costs of Russia’s war are about to hit home

Vladimir Putin will be unable to protect citizens from the pain

Over the past year few currencies have done worse than Russia’s rouble. Last September an American dollar bought just over 60 of them. These days it will buy almost 100 (see chart 1). The drop is both a symbolic blow to ordinary Russians, who equate a strong currency with a strong country, and the cause of tensions in the Russian state. It has blown apart the consensus that existed among Russian policymakers last year, when the central bank and finance ministry worked hand in glove. Now, as inflation rises and growth slows, the two institutions are turning against one another. At stake is the country’s ability to wage war effectively.

During the conflict’s early stages, Russian officials had a straightforward task: it was their job to stop the economy collapsing. Immediately after the invasion began, this involved preventing people from pulling money out of the financial system, by implementing capital controls and doubling the policy interest rate. The rouble hit 135 to the dollar, before recovering. The economy nosedived and then improved (see chart 2). Funded by juicy revenues from sales of oil and gas, the finance ministry then kept the show on the road by lavishing spending on defence and welfare.

Strong oil-and-gas exports also caused the rouble to appreciate, lowering import prices and in turn inflation. This allowed the central bank to accommodate fiscal expansion, cutting interest rates to below where they had been on the eve of the invasion. Over the course of 2022 consumer prices rose by 14% and real gdp declined by 2%—a weak performance, but miles better than forecasters had predicted. Last week Vladimir Putin noted that “the recovery stage for the Russian economy is finished”.

The new stage of the economic war presents officials with tough choices. Mindful of a presidential election in March, the finance ministry wants to support the economy. Bloomberg, a news service, has reported that Russia is planning to increase defence spending from 3.9% to 6% of gdp. The finance ministry also wants to raise social-security spending. Mr Putin is keen to run the economy hot. He recently boasted about Russia’s record-low unemployment rate, calling it “one of the most important indicators of the effectiveness of our entire economic policy” (conscription and emigration no doubt helped).

Yet the central bank is no longer keen to assist. The problem starts with the rouble. It is sliding in part because businessfolk are pulling money from the country. Low oil prices for much of this year have also cut the value of exports. Meanwhile, Russia has found new sources of everything from microchips to fizzy drinks. Resulting higher imports have raised demand for foreign currency, cutting the rouble’s value.

A falling currency is boosting Russian inflation, as the cost of these imports rises. So is the fiscal stimulus itself, warned Elvira Nabiullina, the central bank’s governor, in a recent statement. Consumer prices rose by 5.5% in the year to September, up from 4.3% in July. There are signs of “second-round” effects, in which inflation today leads to more tomorrow. Growth in nominal wages is more than 50% its pre-pandemic rate, even as productivity growth remains weak. Higher wages are adding to companies’ costs, and they are likely to pass them on in the form of higher prices. Inflation expectations are rising.

This has forced Ms Nabiullina to act. In August the central bank shocked markets, raising rates by 3.5 percentage points and then by another percentage point a month later. The hope is that higher rates entice foreign investors to buy roubles. Raising the cost of borrowing should also dampen domestic demand for imports.

But higher rates create problems for the finance ministry. Slower economic growth means more joblessness and smaller wage rises. Higher rates also raise borrowing costs, hitting mortgage-holders as well as the government itself. Last December the finance ministry decided it was a good idea to rely more heavily on variable-rate debt—just as borrowing costs began to rise. In August, conscious of higher rates, it then cancelled a planned auction of more debt.

Mr Putin would like to square the circle, defending the rouble without additional rate rises. He has therefore asked his policymakers to find creative solutions. Two main ideas are being explored: managing the currency and boosting energy exports. Neither looks likely to work.

Take the currency first. The government is keen to mandate exporters to give up more hard cash and make it harder for money to leave the country. In August officials started preparing “guidelines” that would “recommend” firms return not just sale proceeds but also dividend payments and overseas loans. On September 20th Alexei Moiseev, the deputy finance minister, hinted that capital controls were being considered to stem outflows to every country, even those deemed “friendly”.

Such measures are, at best, imperfect. Russia’s export industries form powerful lobbies. The experience of the past 18 months is that the firms which dominate energy, farming and mining are skilled at poking loopholes in currency controls, says Vladimir Milov, a deputy energy minister in the early days of Mr Putin’s reign. Waivers and exemptions abound. In late July Mr Putin issued a decree allowing exporters operating under intergovernmental agreements, which cover a big chunk of trade with China, Turkey and others, to keep proceeds offshore.

Civil war​

The Kremlin also wants to create artificial demand for the rouble by forcing others to pay for Russia’s exports in the currency. Central bankers seem to think this plan is pretty stupid. “Contrary to popular belief,” as Ms Nabiullina noted in a speech on September 15th, the currency composition of export payments has no “notable impact” on exchange rates. The only thing that changes is the timing of the conversion. Either an exporter paid in dollars uses them to buy roubles, or the customer buys the roubles themselves. What might help Russia more would be to pay for more of its imports in domestic currency so as to save foreign exchange—and then for foreign sellers to keep hold of those roubles. But there is little sign of that happening.

Russia might consider using its foreign reserves to intervene in currency markets. Yet more than half of its $576bn-worth of reserves, held in the West, are frozen. Using the rest is hard because most of Russia’s institutions are under sanctions that limit their ability to conduct transactions, says Sofya Donets, a former Russian central-bank official. And the country’s available reserves, which have shrunk by 20% since before the war, could only defend the rouble for a little while anyway.

Short of raising rates, the only workable way to support the rouble is to boost energy exports. In theory, two factors are working in Russia’s favour. One is a rising oil price. Since July production cuts by Saudi Arabia and receding fears of a global recession have helped raise the price of Brent crude by nearly a third, to $97 a barrel. The other factor is a narrowing gap between the price of Urals, Russia’s flagship grade, and Brent, from $30 in January to $15 today (see chart 3). This gap is likely to continue to shrink. Since December members of the g7 have barred their shippers and insurers from helping to ferry the fuel to countries that still buy it unless it is sold under $60 a barrel. Russia’s response has been to build a “shadow” fleet of tankers, owned by middlemen in Asia and the Gulf, and to use state funds to insure shipments.

Over the past year few currencies have done worse than Russia’s rouble. Last September an American dollar bought just over 60 of them. These days it will buy almost 100 (see chart 1). The drop is both a symbolic blow to ordinary Russians, who equate a strong currency with a strong country, and the cause of tensions in the Russian state. It has blown apart the consensus that existed among Russian policymakers last year, when the central bank and finance ministry worked hand in glove. Now, as inflation rises and growth slows, the two institutions are turning against one another. At stake is the country’s ability to wage war effectively.

image: the economist
During the conflict’s early stages, Russian officials had a straightforward task: it was their job to stop the economy collapsing. Immediately after the invasion began, this involved preventing people from pulling money out of the financial system, by implementing capital controls and doubling the policy interest rate. The rouble hit 135 to the dollar, before recovering. The economy nosedived and then improved (see chart 2). Funded by juicy revenues from sales of oil and gas, the finance ministry then kept the show on the road by lavishing spending on defence and welfare.

image: the economist
Strong oil-and-gas exports also caused the rouble to appreciate, lowering import prices and in turn inflation. This allowed the central bank to accommodate fiscal expansion, cutting interest rates to below where they had been on the eve of the invasion. Over the course of 2022 consumer prices rose by 14% and real gdp declined by 2%—a weak performance, but miles better than forecasters had predicted. Last week Vladimir Putin noted that “the recovery stage for the Russian economy is finished”.

The new stage of the economic war presents officials with tough choices. Mindful of a presidential election in March, the finance ministry wants to support the economy. Bloomberg, a news service, has reported that Russia is planning to increase defence spending from 3.9% to 6% of gdp. The finance ministry also wants to raise social-security spending. Mr Putin is keen to run the economy hot. He recently boasted about Russia’s record-low unemployment rate, calling it “one of the most important indicators of the effectiveness of our entire economic policy” (conscription and emigration no doubt helped).


Yet the central bank is no longer keen to assist. The problem starts with the rouble. It is sliding in part because businessfolk are pulling money from the country. Low oil prices for much of this year have also cut the value of exports. Meanwhile, Russia has found new sources of everything from microchips to fizzy drinks. Resulting higher imports have raised demand for foreign currency, cutting the rouble’s value.

A falling currency is boosting Russian inflation, as the cost of these imports rises. So is the fiscal stimulus itself, warned Elvira Nabiullina, the central bank’s governor, in a recent statement. Consumer prices rose by 5.5% in the year to September, up from 4.3% in July. There are signs of “second-round” effects, in which inflation today leads to more tomorrow. Growth in nominal wages is more than 50% its pre-pandemic rate, even as productivity growth remains weak. Higher wages are adding to companies’ costs, and they are likely to pass them on in the form of higher prices. Inflation expectations are rising.

This has forced Ms Nabiullina to act. In August the central bank shocked markets, raising rates by 3.5 percentage points and then by another percentage point a month later. The hope is that higher rates entice foreign investors to buy roubles. Raising the cost of borrowing should also dampen domestic demand for imports.

But higher rates create problems for the finance ministry. Slower economic growth means more joblessness and smaller wage rises. Higher rates also raise borrowing costs, hitting mortgage-holders as well as the government itself. Last December the finance ministry decided it was a good idea to rely more heavily on variable-rate debt—just as borrowing costs began to rise. In August, conscious of higher rates, it then cancelled a planned auction of more debt.


Mr Putin would like to square the circle, defending the rouble without additional rate rises. He has therefore asked his policymakers to find creative solutions. Two main ideas are being explored: managing the currency and boosting energy exports. Neither looks likely to work.

Take the currency first. The government is keen to mandate exporters to give up more hard cash and make it harder for money to leave the country. In August officials started preparing “guidelines” that would “recommend” firms return not just sale proceeds but also dividend payments and overseas loans. On September 20th Alexei Moiseev, the deputy finance minister, hinted that capital controls were being considered to stem outflows to every country, even those deemed “friendly”.

Such measures are, at best, imperfect. Russia’s export industries form powerful lobbies. The experience of the past 18 months is that the firms which dominate energy, farming and mining are skilled at poking loopholes in currency controls, says Vladimir Milov, a deputy energy minister in the early days of Mr Putin’s reign. Waivers and exemptions abound. In late July Mr Putin issued a decree allowing exporters operating under intergovernmental agreements, which cover a big chunk of trade with China, Turkey and others, to keep proceeds offshore.

Civil war​

The Kremlin also wants to create artificial demand for the rouble by forcing others to pay for Russia’s exports in the currency. Central bankers seem to think this plan is pretty stupid. “Contrary to popular belief,” as Ms Nabiullina noted in a speech on September 15th, the currency composition of export payments has no “notable impact” on exchange rates. The only thing that changes is the timing of the conversion. Either an exporter paid in dollars uses them to buy roubles, or the customer buys the roubles themselves. What might help Russia more would be to pay for more of its imports in domestic currency so as to save foreign exchange—and then for foreign sellers to keep hold of those roubles. But there is little sign of that happening.

Russia might consider using its foreign reserves to intervene in currency markets. Yet more than half of its $576bn-worth of reserves, held in the West, are frozen. Using the rest is hard because most of Russia’s institutions are under sanctions that limit their ability to conduct transactions, says Sofya Donets, a former Russian central-bank official. And the country’s available reserves, which have shrunk by 20% since before the war, could only defend the rouble for a little while anyway.

image: the economist
Short of raising rates, the only workable way to support the rouble is to boost energy exports. In theory, two factors are working in Russia’s favour. One is a rising oil price. Since July production cuts by Saudi Arabia and receding fears of a global recession have helped raise the price of Brent crude by nearly a third, to $97 a barrel. The other factor is a narrowing gap between the price of Urals, Russia’s flagship grade, and Brent, from $30 in January to $15 today (see chart 3). This gap is likely to continue to shrink. Since December members of the g7 have barred their shippers and insurers from helping to ferry the fuel to countries that still buy it unless it is sold under $60 a barrel. Russia’s response has been to build a “shadow” fleet of tankers, owned by middlemen in Asia and the Gulf, and to use state funds to insure shipments.


However, Russia’s oil-export proceeds will probably not rise more. Higher prices may depress consumption in America; China’s recovery from zero-covid seems over. Reid l’Anson of Kpler, a data firm, estimates that America, Brazil and Guyana could together increase output by 670,000 barrels a day next year, making up for two-thirds of Saudi Arabia’s current cuts. Futures markets suggest that prices will fall during much of 2024. Although Russia could export more oil to make up for this, doing so would accelerate the slide.

The other bad news for Russia is that it must now earn more from oil merely to keep its total export revenue flat, owing to declining gas sales after the closure of its main pipeline to Europe. In the fortnight to September 19th these were a paltry €73m ($77m), compared with €290m last year. There is talk in the eu of curbing imports of Russian liquefied natural gas. Europe’s nuclear-power generators are also cutting their dependence on Russian uranium.

All this means that, as Russia’s inflation troubles persist, the tussle between the government and the central bank will only intensify. The temptation to splurge ahead of the presidential vote next year will fan tensions, forcing the central bank either to crank up rates to debilitating levels or to give up the fight, leading to spiralling inflation. Alternatively, Mr Putin could cut military spending—but his plans for 2024 show he has little interest in doing that. The longer his war goes on, the more battles he will have to fight at home.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index edged down to 3,130 on Monday, erasing the morning gains and halting the four sessions of gains, dragged by construction, transport, telecommunications, and electric utilities sectors.

Among single stocks, Rus Gidro, Rosseti, and Polymetal declined the most, down by 2.8%, 2.4%, and 2.4%, respectively.

Meanwhile, Surgut (3.7%) and Tatneft (2.3%) limited the losses.

On the macroeconomic front, investors digested the country's manufacturing PMI for September, which showed the fastest expansion in the sector since January 2017.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index edged up to 3,140 on Tuesday, erasing yesterday's losses, driven by gains in oil & gas and consumers sectors.

Still, the rise was limited as hawkish comments of the Deputy Chairman of the Russian central bank and weakening ruble weighed on the sentiment.

Among single stocks, Surgut (2.9%), X5 Retail Group ((2.5%), and Polus (1.8%) ended in the green.

Also, Alrosa grew by 1.3%, having received an approval on dividends.

Conversely, Rosseti, Severstal and RusGidro declined, down by 2.4%, 2.1%, and 1.9%, respectively.

On the political arena, investors digested Putin's announcement about running for another term.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index closed lower at 3,130 on Wednesday, pressured by a drop in crude oil prices and slightly stronger ruble.

Investors also continued to monitor the movements in global bonds and monetary outlook, as higher interest rates could dampen the demand for country's key commodities.

Among single stocks, Inter (-1.7%), QIWI (-1.5%), and PIK (-1.5%) declined the most.

Additionally, Alrosa lost 0.9% on fears of sanctions by G7, and PhosAgro decreased by 0.8%, weighed by the decision not to pay dividends.

In contrast, Segezha (2.7%), NLMK (1.7%), and Severstal (1.3%) increased,.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index edged below the flatline to close at 3,132 on Thursday, extending losses from the prior session as markets continued to assess the outlook for commodity demand and its impact on Russia’s fiscal situation and corporate performances.

Oil producers fell further, as another session of sharp declines for global oil benchmarks offset the narrowing between Urals oil and Brent.

Markets also kept an eye on capacity struggles for fuel refiners for insights on whether foreign sales may resume in the coming months, while the concerning demand outlook for key trading partner China pressured natural gas prospects.

Bashneft and Gazprom led the losses for the sector, trading firmly in the red.

Miners also booked losses, tracking lower base metal prices, with NLMK shares sinking 1%.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index edged up to 3,144 on Friday, pausing the yesterday's declines, as markets continued to gauge the outlook for commodity demand and its impact on the country's fiscal health after Russia has lifted the ban on most diesel exports in an attempt to tackle its shortage crisis.

Traders also kept their eye on the ruble dollar pair after strong US jobs data supported the hawkish stance by the Fed.

Among sectors, chemicals and construction led the increase.

As for the single stocks, PhosAgro and PIK rose the most, up by 3% and 2.9%, respectively.

On the other hand, RusGidro and QIWI declined, losing around 1% each.

The index ended week 0.4% higher.


MOEX 12 Month Chart

MOEX Daily Chart

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index rose to 3,174 on Monday, extending the gains from the previous session, lifted by a surge in global oil prices and a weaker ruble after Hamas unexpectedly launched an attack on Israel over the weekend, provoking a conflict in the Middle East.

Investors also assessed the demand outlook from China, the country's biggest trading partner, following its reopening from Golden Week.

Energy companies were among the top gainers, with Rosneft adding 3.5% and Unipro increasing by 2%.

Meanwhile, the miner Polymetal advanced by 3.7%, as traders fled to the safety of gold bullion.

Additionally, Ros Agro grew by 3.8% and Rostelecom - by 3.5%.

Conversely, NLMK, PhosAgro, and Moex declined by around 1% each

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index closed flat at 3,177 on Tuesday, paring some of yesterday's gains, pressured by lower oil prices.

Investors also digested Sberbank's corporate results and hawkish remarks by the CBR's Deputy Chairman.

Alexei Zabotkin said in his speech at State Duma that inflation remains high, and the central lender does not rule out additional tightening of monetary policy.

Among single stocks, gains came from Ros Agro (4.9%), Magnit (3.7%), and Alrosa (2.7%).

On the other hand, NOVATEK was the most penalized value, down by 2.1% due to the clearance of dividends.

Meanwhile, Polymetal dropped by 1.1% amid moderation in gold prices.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index edged up to 3,194 on Wednesday, closing the fourth session with timid increases, supported by weaker ruble and relatively high oil prices.

Traders also paid attention to Putin's remarks on OPEC+ measures in 2024.

The largest gains were recorded in construction and IT sectors, while chemicals and transport declined.

Among single stocks, Polymetal (4.9%), Lukoil (3.1%), and Ros Agro (2.8%) increased the most, with the latter benefiting from rises in the cost of gold.

Conversely, Tatneft (-3.4%), Segezha (-1.3%), and NLMK (-1.2%) were the main laggards.

Today was the last day receiving Tatneft's dividends.

 

[bigdog]

Russia Stock Market Index MOEX CFD - Quote - Chart - Historical Data - News

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...

tradingeconomics.com

The ruble-based MOEX Russia index dropped to 3,170 on Thursday, halting the four sessions of timid increases, penalized by stronger ruble amid the introduction of capital controls.

Yesterday, Russian President signed a decree on the mandatory sale of foreign exchange earnings received by individual exporters under foreign trade agreements, helping the currency return to double digits.

The transport sector suffered the biggest blow.

Meanwhile metals & mining and oil & gas sectors also declined on the prospects higher operating costs in relation to export prices.

On the other hand, IT and construction closed in the green, exhibiting low price sensitivity.

Among single stocks, NLMK (-1.2%), MKB (-0.6%) and QIWI (-0.6%) were the biggest decliners.

In contrast, Ros Agro, Moex, and Lukoil rose, up by 5.2%, 3.8%, and 2.7%, respectively.