The MOEX and RTS indices both saw gains during the main trading session, while individual stocks experienced volatility due to corporate news.
Key facts
- •The MOEX Index closed at 2,269.05 points, up 0.69%.
- •The RTS Index reached 829.32 points, an increase of 1.16%.
- •Rosseti shares rose 4.7% ahead of a board of directors meeting.
- •Eurotrans shares fell 5.1% following the arrest of its board chairman and top executives.
- •The yuan exchange rate rose by 11 kopecks to 12.89 rubles.
The Russian stock market concluded its main trading session on September 7 with gains across major indices. The MOEX Index rose by 0.69% to 2,269.05 points, and the dollar-denominated RTS Index increased by 1.16% to 829.32 points.
By the numbers
Top movers and corporate developments
Rosneft shares saw increased investor interest following news about the launch of the Vostok Oil production project. Meanwhile, Rosseti shares gained 4.7%, a rise attributed to anticipation surrounding a board of directors meeting held the same day. Conversely, Eurotrans shares declined by 5.1% following the arrest of the company's board chairman and several other top executives.
Market forecasts
Financial analysts provided outlooks for the upcoming trading session. BCS World of Investments expects the MOEX Index to consolidate between 2,230 and 2,270 points, while Freedom Global projects a range of 2,200 to 2,300 points. Analysts also provided exchange rate forecasts for the yuan, dollar, and euro, with expectations for the yuan to remain between 12.6 and 13.1 rubles.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by TASS (English).
