Retired many years ago
- 19 July 2006
The main stock market index in Russia (MOEX) increased 1012 points or 46.96% since the beginning of 2023, according to trading on a contract for difference (CFD) that tracks this benchmark index from Russia. MOEX Russia Index - values, historical data, forecasts and news - updated on November of...
The ruble-based MOEX Russia Index closed 4.1% higher at 2,400 on Wednesday, extending the two-month high hit in the previous session amid a 25% surge for Gazprom after the natural gas giant’s board members recommended dividends for the first half of 2022.
Despite not releasing official numbers, the state-backed company’s CEO Alexey Miller said that earnings for the period will exceed the record-setting performance from 2021, as surging natural gas prices more than offset the decline in exports.
In its latest move, Gazprom temporarily suspended flows to Europe through the Nord Stream 1 pipeline, citing maintenance issues and further reduced supplies to France due to contract disagreements.
Banks also booked sharp gains, led by a near 4% jump for Sberbank. On the month, the MOEX Russia Index added more than 8%.