Russian stocks surge past 2250 on market optimism
The Russian stock market rose on Friday amid geopolitical optimism about potential negotiations for a Ukrainian settlement, with the Moscow Exchange index surpassing 2250 points and closing in positive territory. The rally was partially offset by profit-taking ahead of the weekend, declining oil prices, and a strengthening ruble.
Consensus
- The Moscow Exchange index exceeded 2250 points on Friday.
- The Moscow Exchange index closed higher on Friday, with a gain of 1.8%.
- The RTS index rose by 2.1% on Friday.
- Oil prices declined, with the November Brent futures dropping to $95.4 per barrel.
- The Russian ruble strengthened, contributing to market correction.
- Profit-taking by investors occurred ahead of the weekend.
- The Russian central bank set the official dollar exchange rate at 86.5857 rubles for 5 September.
- The week saw a 5.3–6.5% increase in both the RTS and Moscow Exchange indices.
- Several major Russian companies saw their shares rise, including Aeroflot, Ozon, Yandex, and Gazprom.
- The Russian government and China reaffirmed the viability of the 'Sila Baykala' (formerly 'Sila Sibiri 2') gas pipeline project.
- The project was discussed during the 17th meeting of the Russia-China intergovernmental commission on energy cooperation at the Eastern Economic Forum.
Points of divergence
- On 3 September at 12:00 MSK, the Moscow Exchange index remained unchanged compared to the previous day's close, at 2185 points. — vedomosti
- On 3 September at 12:00 MSK, the RTS index was at 791.21, unchanged from the previous day. — vedomosti
- The total trading volume on 3 September was 19.83 billion rubles. — vedomosti
Coverage (9 sources)
- Russian stock market exceeded 2250 points on Moscow Exchange index on Friday — Интерфакс
- Russian stock market opened in morning session with 1.4% increase in IMOEX2 index — Интерфакс
- Russian stock market is standing still — Ведомости
- Russian stock market opened in main session with Moscow Exchange and RTS indices up 0.3% — Интерфакс
- Russian stock market opened in morning session with IMOEX2 index up 0.2% — Интерфакс
- Russian stock market fell to 2185p on Moscow Exchange on Wednesday — Интерфакс
- Russian stock market shifted to decline — Ведомости
- Russian stock market opened in morning session with 1.3% drop in IMOEX2 index — Интерфакс
- Russian stock market opened with a 0.1% corrective decline in the IMOEX2 index — Интерфакс
Key entities
- Russia
- Moscow Exchange
- Moscow
- INTERFAX.RU
- Brent
- RTS
- USA
- Vladimir Putin
- Ukraine
- Germany
- Rosstat
- Iran
- Vladivostok
- Moscow Exchange
- Scott Bessent
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