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 to 3097 on Wednesday, paring yesterday's losses, driven by gains in transport, IT, and electric utilities sectors.
On the macroeconomic front, industrial production, business confidence and unemployment data were revealed after the closing bell.
Among individual stocks, Sovcomflot (6.5%), Yandex (3.7%), and GLTR (3.1%) gained the most.
Sovcomflot grew on expectations of dividends and higher freight rates.
Meanwhile, Yandex increased after news broke out that Yandex International Joint-Stock Company was included in the register of participants of the Special Administrative Region (SAR) in Kaliningrad.
In contrast, Polymetal (-3.4%), QIWI (-3.2%), Samolet (-2.8%), Segezha (-2.7%), and PIK (-1,5%) decreased.
Segezha has suffered a downgrade in its credit rating from RA due to high debt burden and lower EBITDA.
Simultaneously, Samolet and PIK declined after the CBR pledged to raise premiums to risk ratios on mortgage loans from January 2024.