The Moscow Stock Exchange index rose 0.7% to 3,288.81 points during trading. This is proven by trade data.
The previous date when the index was at this level was February 21, 2022. The maximum level was reached in October 2021, when the index was able to exceed 4292.68 points.
As of 11:45 Moscow time, the index reached 3288.9 points. As of 11:50 Moscow time, the index continued to grow and exceeded 3290 points.
The growth of the index was facilitated by the decrease in the risks of sanctions against Russia. Last week, fears of tougher sanctions caused a brief decline in the Russian stock market.
Experts expect the Moscow Stock Exchange index to exceed 3,300 points in the near future. However, the Central Bank’s high interest rate will limit growth.
“Renewed high levels are a positive sign, but the index still needs consolidation around 3,300 points to confirm its exit from consolidation. In this case, the first indicators will shift to 3380, and in the medium term it will be possible to talk about targets at the level of 3600,” he said.
previously analyst stated For the opportunity to receive large amounts of dividends in 2024.
Formerly Bank of Russia discovered St. Manipulation of St. Petersburg Stock Exchange shares.