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 edged up to 3185 on Wednesday, following two sessions of declines, supported by transport, chemicals, and telecommunication sectors.
Among individual stocks, Ros Agro (3.8%), Rostelecom (2%), MKB (1.9%), and Sovcomflot (1.7%) rose the most.
Rostelecom shares grew after the company reported positive financial results for 2023.
According to Rostelecom's head, over the past six years, the company's revenue has doubled, and by the end of last year exceeded 700 billion rubles.
Additionally, Sberbank advanced by 0.7% on RAS report and Aeroflot increased by 0.9%, driven by the record passenger load percentage of 87.5%, logged in December 2023.
Meanwhile, the losses came from TCS (-2.2%), GLTR (-1.4%), and Alrosa (-1%) TCS has been falling since Tuesday as the company's announcement about possible completion of redomiciliation in Q1 of 2024 stoked fears of an overhang of securities sales stored in foreign infrastructure.