Support The Moscow Times!

MICEX Hits, Loses 1,500

Stocks on the MICEX exchange climbed for the second day Thursday, with the index breaching the 1,500 mark in midday trading for the first time since April, to finally close at 1489.06.

Gold producer Polyus, pipeline monopoly Transneft and LUKoil made significant gains, while Rostelecom preferred shares closed up more than 5 percent after reports Wednesday that shareholders would vote in favor of increased dividends.

External drivers also affected the surge. Oil jumped as much as $1.11, or 1.3 percent, to $84.12 a barrel in New York. Copper, lead, nickel, tin and zinc all advanced on the London Metal Exchange.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.