Shares of Russian companies rose in the stock market 07/13/2023, 17:58

Between January and May 2023, Russian companies saw a sharp increase in value. Their capital on the Moscow Stock Exchange increased by 28.53% to 49.1 trillion rubles. In this respect to write “Vedomosti”, which refers to the data of the trading floor for the second quarter.

Compared to the first half of 2022, the growth was 20.34%. But the shares did not reach the pre-crisis levels of 2021 – then, according to the results of the second quarter, the capitalization was equal to 59.8 trillion rubles. In the third quarter of 2021, it reached a historical record with 64.8 trillion rubles.

The publication noted that for the first five months of 2023, the Moscow Stock Exchange index rose by almost a third (32.7%) to 2860.3 points. Globaltrans’s receipts (+96.7%) showed the highest increase in price in the specified period.

Analysts think that the value of many domestic companies’ stocks has increased as most companies’ reports in the second quarter exceeded expectations. In addition, many companies have announced their dividend payments and reinvestments. The situation was also affected by the weakening of the ruble.

In mid-April, Konstantin Bakharev, First Deputy Chairman of the State Duma Financial Market Committee said about the authorities’ plans to ban the trading of shares of foreign companies of the military-industrial complex (DIC) supplying weapons to Ukraine on the Russian stock exchanges.

previous job allowed Investment outflow from Russia due to new FAS offers.

Source: Gazeta


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