MOEX Russia Index Drop: December 26, 2023

On Tuesday, the MOEX Russia index, which is ruble-based, fell to 3090. This ended two days of gains. The drop happened as trading slowed down before the New Year’s Eve holidays. The biggest losses were in the financial and electric utilities sectors. However, the IT and construction sectors saw small increases.

NorNickel’s stock fell by 4.3% due to a dividends gap. Other stocks that fell include MKB (-2.8%), Polymetal (-1.8%), and Seligdar (-1.6%). On the other hand, stocks that rose include Ros Agro (1.6%), NLMK (1%), Tatneft (0.8%), and Polus (0.6%). Investors were also watching Surgutneftgas. The company released RAS figures for the first 9 months of 2023. Their net profit was 1.436 billion rubles. This was higher than the Interfax consensus of 1.24 trillion rubles.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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