MOEX Index Hits 2026 High on Strong Corporate Earnings
Moscow Exchange Rally
The MOEX Index has reached its highest level of 2026, driven by strong quarterly earnings reports from major Russian corporations. The benchmark index crossed 2,760 points, continuing a steady recovery trend.
Top Performers
- Sberbank: +3.2% on record retail lending growth, trading above 302 RUB
- Lukoil: +2.8% on elevated oil margins
- Yandex: +4.1% on advertising revenue surge
- Novatek: +1.9% on LNG export expansion
Sector Analysis
The financial sector led the rally, with banking stocks benefiting from high net interest margins under the current rate environment. Energy stocks also performed well as Brent crude held near $68 per barrel.
Foreign participation in Russian equities remains limited, meaning domestic institutional and retail investors are the primary drivers of the current rally.
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