Russian Stock Indices MICEX, RTS Gain 0.6% at Start of Main Trading Session

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Russian stock market opened with a rise in the Moscow Exchange (MOEX) and RTS indices by 0.6% on October 14, according to trading data. Within the first minute of trading, the MOEX index climbed to 2,434.07 points, while the RTS index reached 914.28 points.

Leading the growth among index stocks were shares of Polus (+4.2%), Ozon (+3.2%), Surgutneftegaz (+2%), VK (+1.8%), and Yandex (+1.8%). Additionally, shares of AFK Sistema (+1.3%), Rusal (+1.3%), NLMK (+1.2%), Severstal (+1.2%), Aeroflot (+1.1%), MMK (+1.1%), Moscow Exchange (+0.9%), Alrosa (+0.7%), HeadHunter (+0.6%), Lukoil (+0.5%), VTB (+0.5%), Sberbank (+0.4%), Inter RAO (+0.4%), T-Technologies (+0.4%), MTS (+0.3%), Norilsk Nickel (+0.3%), X5 Retail Group (+0.3%), Novatek (+0.2%), PhosAgro (+0.1%) also increased in value. On the other hand, shares of GKC PIK (-0.3%) and Tatneft (-0.2%) declined.

The stock market rally comes amidst a general optimism following the U.S. decision to allow Russia to export diesel fuel due to a global shortage.