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

[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 3,503 on Friday, as investors positioned themselves for preliminary GDP results and monthly inflation reading due after the closing bell.

They also followed the events from the second day of Putin's visit to China.

On the corporate front, the leaders of growth were Rostelecom (3.9%), PIK (3.8%), Aeroflot (3.8%), VK (3.1%), and Rusal (2.6%).

Also, NorNickel added around 2%, benefiting from higher nickel prices since unrest continued in New Caledonia mining region.

Meanwhile, losses were seen by Unipro (-2.4%), MKB (-1.8%), Surgut (-2%), Gazprom (-1.9%), and Magnit (-1.5%).

Weekly, the index gained 1.6%. The IPO boom, improved quarterly results, and return to dividends offset worries over tight-for-longer monetary policy by CBR.

12 MONTH 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 index swung sharply lower in afternoon trading and closed 1% down at 3,469 on Monday, retreating from the post-Ukrainian invasion high touched Friday as markets assessed economic data and corporate developments.

Estimates from Russia’s statistical authority confirmed the government's estimates that the Russian GDP grew by 5.4% in the first quarter, extending the rebound since being hit by Western sanctions, albeit maintaining skepticism over the sustainability of growth due to the low-return nature of weapons expenditure that has been carrying Russian output.

In the meantime, inflation rose to its highest in 14 months to stretch concerns of a hawkish Bank of Russia.

Ordinary and preferred Rostelecom shares sank between 2% and 3.5% as the company mulled an IPO for one of its subsidiaries.

Also, Unipro dropped 2.4% as its board stated it would not pay dividends for 2023.

Lastly, miners booked losses as plunges for base metal producers offset the gains for gold miners.

 

[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 closed 1.1% lower at 3,428 on Tuesday, its second straight session of sharp losses amid concerns of a hawkish Bank of Russia and and negative corporate developments.

Gazprom remained in the spotlight, extending yesterday’s 6% plunge with a near 4% decline today as markets continued to sell its stock after the Russian government ordered the company to not pay dividends for 2023.

Rosneft shares were also keenly eyed and closed 0.3% lower in the session after its board announced that it would decide on its 2023 dividends on Thursday.

In the meantime, gold miner Seligdar dropped 2.7% as investors took profit from its recent rally after gold refrained from extending its record high.

 

[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 held early gains and closed 0.5% higher at 3,445 on Wednesday, bouncing back after sinking 2.1% in the prior two sessions as investors continued to assess the corporate outlook amid prolonged national capital controls.

Rostelecom added 3% and extended its recent rally as markets further assessed the impact of its potential IPOs for subsidiaries.

In the meantime, oil heavyweight Tatneft added 1.5% despite a negative session for crude oil benchmarks.

On the other hand, Gazprom closed marginally below the flatline to hold the 10% plunge in the last four sessions due to the government’s order to not distribute dividends for 2023 and the increasingly pessimistic outlook for the company.

The company reported a $7 billion loss in 2023, the first since 1999, as gas sales to Europe nearly halted after Russia’s invasion of Ukraine, and new clients in China failed to fill the gap.

 

[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 partially recovered from early losses to end Thursday down by 0.15%, closing at 3,440, as investors weighed the corporate outlook amid ongoing national capital controls and a hawkish stance from the Bank of Russia.

Heavyweight Gazprom was among the biggest losers, falling over 3%, extending its 10% decline over the last five sessions due to the government’s directive to withhold dividends for 2023 and a growing pessimistic outlook for the company.

Conversely, VK outperformed the index, rising around 1.5% after posting strong first-quarter results. The company reported a 24% increase in revenue, totaling 33.8 billion rubles for the period.

In addition, Norilsk Nickel rebounded, after a slow start due to its board of directors' recommendation not to pay dividends for 2023, gaining more than 3% following reports of plans to build a platinum production plant in Bahrain.

 

[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

Russia's MOEX stock index declined to 3350 towards the end of May, slipping from 3503 in mid-May, which was the highest since before the Ukraine invasion.

The downturn followed Gazprom's announcement of a $6.8 billion loss for 2023, its first since 1999, attributed to reduced gas sales to Europe.

Prompted by this, the Russian government directed the state-run gas giant to forgo dividends for the year, sending its shares to levels not seen since 2018.

Novatek, Russia's second-largest gas producer, also saw a drop in stock value, hitting one-year lows with a 22% decrease in 2023 dividends compared to 2022.

Despite this, domestic retail and foreign investors who still have access to Russian markets, have been instrumental in bolstering the stock market over the past two years, providing much-needed capital for Russian firms seeking investment opportunities.

 

[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

Russia's MOEX stock index declined to 3350 towards the end of May, slipping from 3503 in mid-May, which was the highest since before the Ukraine invasion.

The downturn followed Gazprom's announcement of a $6.8 billion loss for 2023, its first since 1999, attributed to reduced gas sales to Europe. Prompted by this, the Russian government directed the state-run gas giant to forgo dividends for the year, sending its shares to levels not seen since 2018.

Novatek, Russia's second-largest gas producer, also saw a drop in stock value, hitting one-year lows with a 22% decrease in 2023 dividends compared to 2022.

Despite this, domestic retail and foreign investors who still have access to Russian markets, have been instrumental in bolstering the stock market over the past two years, providing much-needed capital for Russian firms seeking investment opportunities.

 

[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

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