The ruble-based MOEX Russia index closed flat at 3,315 on Thursday, struggling for a direction, as the market sentiment was pressured by the uncertain timing of CBR's monetary easing, strong ruble and limited activity ahead of a holiday. Chemicals, IT, and communications sectors recorded increases, while transport sector underperformed. Among individual stocks, losses came from Polymetal (-2.9%), RusGidro (-1.1%), Samolet (-0.9%), and Polus (-0.9%). Polymetal shareholders have approved the sale of Russian assets to Mangazeya Mining. In contrast, Positive Group (4%), X5 (4.1%), Moex (1.4%), Rostelecom (1.2%) and PIK (1.1%) advanced. Meanwhile, Yandex ended marginally higher (0.2%) on the day it held meeting on restructuring. Over the week, the index added 1.5%.
The main stock market index in Russia (MOEX) increased 217 points or 6.99% 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 March 9 of 2024.
The main stock market index in Russia (MOEX) increased 217 points or 6.99% 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 3232.26 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 3163.89 in 12 months time.