Russian Stocks Extend Rebound as MOEX Closes at 2,668 and RTS Tops 1,026

Overview

• The MOEX Russia Index rose 0.76% to 2,668.6 and the RTS gained 2.07% to 1,026.02 at Tuesday’s close, with the yuan near 11.4 rubles.
• BCS described the upswing as a relief rally from oversold levels, noting that fundamental pressures persist and geopolitical tensions have intensified.
• Support factors included a weaker ruble and higher oil prices, with interest also turning to gold miners as gold held above $3,900 per ounce.
• SPB Exchange shares jumped about 13.6%, which Freedom Finance linked to reports of launching futures on stock indices of friendly countries and on Bitcoin.
• Forecasts from BCS and Freedom Finance put the MOEX in a 2,600–2,700 range on October 8, with ruble trading projected around 81–84 per dollar and 11.25–11.75 per yuan; Mosenergo fell 2.3% as a notable decliner.