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BackRussian stock indices rise as MOEX breaks 2,300-point threshold, RTS edges up
Russian stock indices rise as MOEX breaks 2,300-point threshold, RTS edges up
Developing
TASS1 hour agoBusiness1 min readRussia

Russian stock indices rise as MOEX breaks 2,300-point threshold, RTS edges up

moex indexrts indexruble

Quick Look

  • The MOEX Index rose 1.86% to 2,319.57 points, breaking above the 2,300-point level, while the RTS Index gained 0.12% to 860.36 points.
  • The Chinese yuan strengthened against the ruble.
  • Analysts cited IT sector tax incentives and commodities strength as drivers, with Positive Technologies leading gainers and Bank Saint Petersburg shares declining ahead of dividend ex-date.

AI-generated summary

Why It Matters

The MOEX Index attempted to consolidate above the 2,300-point psychological threshold after breaking through it, with commodities sector strength supporting buyers. Positive Technologies led gains amid expectations of retained IT sector tax incentives, while Bank Saint Petersburg shares declined ahead of its dividend ex-date.

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MOSCOW, October 5. /TASS/. The ruble-denominated MOEX Index climbed 1.86% to finish Monday's main trading session at 2,319.57 points, while the dollar-denominated RTS Index edged up 0.12% to 860.36 points. The Chinese yuan strengthened by 25.7 kopecks against the ruble to close at 12.754 rubles.

"Today, the MOEX Index managed to break past the psychological threshold of 2,300 points and attempted to consolidate above it. The commodities sector was also broadly supportive for buyers, with metals gaining and oil trading above $100, albeit with fluctuating momentum," said Andrey Smirnov, a stock market expert at BCS World of Investments.

"Positive Technologies (+5.1%) emerged as the top gainer on the Russian stock market today, likely driven by the Ministry of Finance's statements regarding the retention of tax incentives for the IT sector," noted Natalia Milchakova, lead analyst at Freedom Global.

Bank Saint Petersburg shares spearheaded the decline, plunging 7.8% ahead of the dividend ex-date for the first half of 2026, according to the analyst.

BCS World of Investments expects the MOEX Index to continue its struggle to hold above the 2,300-point mark on Tuesday. In the coming days, the US dollar is projected to trade within the 84-86 ruble range, while the yuan is expected to fluctuate between 12.5 and 12.8 rubles.

Freedom Global forecasts the MOEX Index to move within the 2,250-2,350 point band on Tuesday. Its exchange rate forecasts for the dollar, euro, and yuan stand at 84-86 rubles, 94-96 rubles, and 12.5-12.9 rubles, respectively.

Meanwhile, Tsifra Broker notes that major currencies may enter a consolidation phase, with the Chinese yuan trading at 12.3-12.8 rubles, the US dollar at 83-87 rubles, and the euro at 93-97 rubles.

What to Watch

AI outlook — possibilities, not facts

  • The MOEX Index will trade within the 2,250-2,350 point band on Tuesday

    Likely · Within days

  • The US dollar will trade within the 84-86 ruble range in the coming days

    Likely · Within days

  • The Chinese yuan will fluctuate between 12.5 and 12.8 rubles in the coming days

    Likely · Within days

Open Questions

  • Will the MOEX Index sustain gains above the 2,300-point level in coming sessions?
  • How will the Ministry of Finance's tax policy decisions impact the IT sector beyond the immediate market reaction?
  • What specific factors are causing Bank Saint Petersburg's sharpe decline ahead of the dividend date?

Related Topics

moex index
PeopleAndrey SmirnovNatalia Milchakova
OrganizationsBCS World of InvestmentsFreedom GlobalTsifra BrokerMinistry of Finance
PlacesMoscowRussia
Topicsrts indexrublechinese yuanpositive technologiesbank saint petersburgbcs world of investments
This article was originally published by TASS.

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