The Moscow Stock Exchange Index rose 1.35% to 3200.11 points on Monday. This is the highest value since August 14 of the current year. This is evidenced by the trade data of the Moscow Stock Exchange.
The growth of the index was facilitated by the stabilization of the situation in the foreign exchange market, the rise in oil prices and the start of the season for the release of financial statements of Russian companies for the first half of 2023.
The leaders of the growth were the shares of metallurgical and mining companies. Metallurgical index MOEXMM showed the best results of the day, rising 2.36% due to the activity of investors.
According to analysts, the Moscow Stock Exchange index will continue to consolidate in the range of 3200-3025 points in the short term. Further growth is possible if the ruble weakens and exporters report positive results.
The financial results of the largest Russian companies, including Aeroflot, AFK Sistema, Polyus, RusHydro and others, are expected to be published in the coming days. This can determine other dynamics of the stock market.
BCS last week already guessThe Moscow Stock Exchange index will reach 3180 points.
Previously known as the weakening of the ruble will be reflected about the state of the economy.