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 down to 3,428 on Wednesday, extending yesterday's falls, as markets exercised caution ahead of Friday's CBR meeting and nearing May holidays.
IT, chemicals, and electric utilities sectors dropped the most, while construction rebounded.
Among individual stocks, Ozon (-2.3%), AFK Sistema (-2.1%), VTB (-1.9%), Inter (-1.2%), and Polus (-1.2%) were the most bearish.
Inter announced buying back 3% of its shares from an unnamed minority shareholder.
Also, MTS lost 1%. having recommended yesterday the payment of 35 rub. per share in 2023 dividends.
In contrast, Segezha (3%), BSP (2.9%), Ros Agro (2%), Mechel (1.1%), and Severstal (0.8%) went up.
Severstal agreed with the FAS to reduce the fine in the “metallurgists’ case” by 10 times.
On the geopolitical front, the EU was preparing the 14th sanctions package.
Domestically, authorities presented a forecast for the Russian economy, with the GDP target for 2024 set at 2.8%.