Russian Stocks Rise Amid Encouraging Statistics, Yet Hindered by US Market Slump

Strategic Insights -

The Russian stock market experienced a moderate gain on Tuesday, as investors responded positively to favorable statistics from the United States, despite the U.S. market's sluggish performance following the Labor Day weekend. The MICEX index rose 0.46% to 1499.7 points, while the RTS index increased 0.1% to 1618.63 points. Notably, many major stocks saw significant gains, with VTB leading the way with a 2.4% increase.

Key Takeaways:

  • The Russian stock market gained 0.46% on the day, with the MICEX index reaching 1499.7 points.
  • The RTS index rose 0.1% to 1618.63 points, with most benchmark shares experiencing gains.
  • VTB was the top performer, increasing by 2.4% on the MICEX index.
  • Gazprom Neft, Lukoil, and Norilsk Nickel saw gains of 0.2%, 1.4%, and 1.6%, respectively.
  • Polyus Gold, Rosneft, Sberbank of Russia, Surgutneftegas, Tatneft, and FGC UES all gained between 0.3% and 0.8%.
  • Gazprom and Polymetal lost 1% each, while Rostelecom slipped 0.04%.
  • KamAZ and TGK-9 were the top performers on the MICEX second tier, rising 7.6% and 5% respectively.
  • VSMPO-Avisma, Irkutskenergo, Mechel, OJSC Raspadskaya, and Mobile TeleSystems (MTS) all experienced losses.
  • Trading volume reached $3.287 million on the RTS Classic, $485.4 million on the RTS Standard, and over 57.625 billion rubles on the MICEX Stock Exchange.

Statistics:

  • The MICEX index rose 0.46% to 1499.7 points on Tuesday.
  • The RTS index increased 0.1% to 1618.63 points.
  • VTB gained 2.4% on the MICEX index.
  • Trading volume on the MICEX Stock Exchange exceeded 57.625 billion rubles.

Sources:

  • Interfax, September 6