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 index fell to 3,073 on Thursday, paring some of the morning declines but remaining at over-2-month lows due to losses in the consumer goods and IT sectors.
On the other hand, strong gains came from transport and telecommunications.
As for individual stocks, RusGidro (-1.4%), Magnit (-1.4%), Ozon Holdings (-1.4%), Ros Agro (-1.2%), and NLMK (-1.1%) dropped the most.
In contrast, GLTR (4.2%), Alrosa (2.6%), NorNickel (2.3%), VTB (2.3%), and Gazprom (2.3%) increased.
Alrosa benefited from higher sales in the US ahead of Christmas season, while NorNickel rebounded after shareholders approved the dividends for 9 months of 2023.
Simultaneously, VTB's representative Kostin projected good financial results for VTB by the end of 2004, and Gazprom's Chairman of Board stated that changes in debt ratios wouldn't affect the lender's dividends policy.
On the political front, the Federation's Council unanimously resolved to hold presidential elections in Russia on March 17, 2024.