Russian equity markets closed higher on Tuesday, extending a two-day rally that has lifted both major benchmarks.
The ruble-denominated MOEX Index rose 3.9% to finish at 2,078.78 points, while the dollar-denominated RTS Index gained 3.59% to close at 833.64 points.
Its 3.59% gain indicates that the rally is not solely driven by ruble weakness but reflects genuine equity demand.
The gains mark a continuation of the upward momentum that saw the MOEX climb 2.84% on Monday to 2,350.43 points, according to TASS.
The synchronized rise in both indices suggests broad-based buying interest, with investors seemingly undeterred by ongoing geopolitical tensions.
The RTS Index, which is dollar-denominated, often serves as a barometer for foreign investor sentiment and currency-adjusted performance.
Its 3.59% gain indicates that the rally is not solely driven by ruble weakness but reflects genuine equity demand.