Against the backdrop of rising prices for oil and metals, as well as an improvement in the external stock and raw materials market, the Russian stock market is experiencing a corrective rise in prices for blue chips. As of 10:24 am, during the trading session, the Moscow Exchange index added 0.46% and amounted to 1942.88 points, the RTS index – 1050.06 points (+0.63%).
- TCS (+6.67%, up to RUB 2245.5)
- Polymetal (+3.28%, up to RUB 248.9)
- Surgutneftegaz (+3.89%, up to RUB 18.025)
The stock market collapsed amid referendums of the LPR, DPR, Zaporozhye and Kharkiv regions on joining Russia. Market participants believe that the outlook for the coming weeks will be determined by geopolitics, but sentiment will remain largely negative.
For more information about the situation on the Moscow Exchange, see Kommersant’s article “Fondoviks are retreating.”