Russian stock market ends Thursday session with mixed trends as MOEX rises, RTS falls
Quick Look
- The Russian stock market closed Thursday with mixed results: the MOEX Russia Index rose slightly to 2,312.35 points while the RTS Index declined 0.6% to 857.94 points.
- Polyus stocks led gains at +3.8% on expectations of gold price benefits, while Norilsk Nickel fell the most at -5.9% due to anticipated dividend delays from a temporary windfall tax.
- Analysts forecast the MOEX to trade between 2,270–2,370 points on Friday.
AI-generated summary
Why It Matters
The Russian stock market is influenced by commodity prices, particularly oil and gold, as well as domestic fiscal policy. Recent sessions have shown volatility around the 2,300-point level for the MOEX Russia Index.
MOSCOW, September 24. /TASS/. The Russian stock market ended the trading session on Thursday with a mixed trend, according to Moscow Exchange data.
The MOEX Russia Index slightly moved up to 2,312.35 points. The RTS Index edged down by 0.6% to 857.94 points. The yuan lost ten kopecks to 12.6 rubles.
"Key events related to the MOEX Russia Index evolved around 2,300 points, just as the day before, but volatility intensifies. On the one side, oil prices continued their upward move. On the other side, the budget draft release and fiscal initiatives of the Finance Ministry exerted pressure on the sentiment," Andrey Smirnov from BCS Investment World comments.
"Stocks of Polyus (+3.8%) became the growth leader in the Russian stock market today as the market probably expects the corporation to win from the gold price hike," Natalia Milchakova from Freedom Finance Global said.
Norilsk Nickel stocks fell the most (-5.9%) since the market is likely expecting the dividend payment by the corporation not starting any time soon because of the temporary windfall tax, she added.
Forecast for September 25
BCS Investment World expects the MOEX Russia Index to be in the corridor from 2,270 to 2,370 points. Freedom Finance Global expects index movements within the range from 2,250 to 2,350 points.
What to Watch
AI outlook — possibilities, not facts
MOEX Russia Index will trade between 2,270 and 2,370 points on September 25
Likely · Within days
MOEX Russia Index will trade between 2,250 and 2,350 points on September 25
Likely · Within days
Open Questions
- How long will the temporary windfall tax on Norilsk Nickel remain in effect?
- Will the Finance Ministry's fiscal initiatives continue to pressure market sentiment beyond this session?
