The ruble-based MOEX Russia index rose to 3,460 on Friday, following two muted sessions, as investors mulled over a batch of earnings reports while bracing for CBR's policy decision later in the day. The leaders on the corporate front were Polus (1.9%), Samolet (1.4%), Unipro (0.9%), MTS (0.9%), and Positive Group (0.9%). Polus benefited from higher gold prices, while Samolet increased after presenting a 71% yoy growth in its net profit for 2023. Meanwhile, MTS advanced in anticipation of the beginning of trade of MTS Bank shares after the IPO at 15:00 Moscow time. In the financials sector, Sberbank added 0.4%, showing little reaction to its accounts since the lender's first-quarter net income increased in line with expectations by 11.3%, and VTB went up by 0.7% ahead of dividends announcement However, FixPrice (-2%), BSP (-1.2%) and MosEnergo (-0.6%) declined. The former was penalized by a 43.8% fall in Q1 net profit. Weekly, the index was in for a 0.4% drop.
The main stock market index in Russia (MOEX) increased 354 points or 11.42% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Russia. Historically, the Russia Stock Market Index MOEX CFD reached an all time high of 4292.68 in October of 2021. Russia Stock Market Index MOEX CFD - data, forecasts, historical chart - was last updated on April 26 of 2024.
The main stock market index in Russia (MOEX) increased 354 points or 11.42% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Russia. The Russia Stock Market Index MOEX CFD is expected to trade at 3291.43 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3098.67 in 12 months time.