MOEX Index Tops 2200 Points, Hits Highest Since August
The MOEX index surpassed 2200 points for the first time since mid-August, reaching a new high on September 3, driven by market recovery and positive signals from the Eastern Economic Forum in Vladivostok. Key stocks including Ozon and Lukoil rose, while officials discussed inflation trends and potential interest rate cuts.
Consensus
- The MOEX index exceeded 2200 points on September 3.
- The last time the MOEX index surpassed 2200 was on August 14.
- The market recovery was linked to the Eastern Economic Forum in Vladivostok.
- Ozon's stock price increased significantly during the session.
- Lukoil's stock price rose during the session.
- The Russian government and central bank are discussing potential interest rate cuts due to declining inflation.
- Inflation in Russia is estimated at around 6.3% as of August 31.
Points of divergence
- The MOEX index reached 2210.62 points at 13:51, with a 1.2% increase. — interfax
- Sberbank is increasing reserves for Wildberries loans due to drone attacks on logistics facilities. — interfax
- Sberbank does not require additional reserves for Ozon despite attacks since late August. — interfax
- Sberbank expects record profit by 2026 despite creating reserves for marketplaces. — interfax
- Vice Prime Minister Alexander Novak stated that the key interest rate is expected to continue decreasing. — interfax
- President Putin stated that the federal budget deficit is not critical and Russia has one of the lowest government debt levels in the world. — interfax
- Putin said inflation reduction goals are being met, but caution is needed to avoid overheating the economy. — interfax
- The MOEX index reached 2200.44 points at 13:23, then adjusted to 2196.25 points. — kommersant
- The top gainers were Ozon (+4.11%), FosAgro (+2.93%), BSP (+1.98%), Yandex (+1.6%), and Surgutneftegaz (+1.39%). — kommersant
- The worst performers were Polюs (-4.08%), Renessans (-1.1%), MD Medical Group (-1.06%), Lenta (-0.97%), and En+ Group (-0.97%). — kommersant
Coverage (2 sources)
- Moscow Exchange Index exceeded 2200 points and set a new maximum since August 14 — Интерфакс
- Moscow Exchange Index exceeded 2200 points for the first time since mid-August — Коммерсантъ