The Moscow Exchange Index has updated its annual maximum, rising above the level of 2500 points. Investor optimism is supported by rising oil prices and the strengthening of the dollar in Russia, which has a positive effect on the financial performance of export-oriented companies. Moreover, the volume of trades also increased, as well as transactions with the shares of Gazprom and VTB, which until recently lagged far behind the leader represented by Sberbank. Experts believe that the market will be able to gain a foothold above the level of 2500 points and even grow to 2800 points, but subject to the preservation of the current information background.
Stocks swollen from petrodollars // Commodity and foreign exchange helped the stock market
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