Russian equity markets extended their upward trajectory on Thursday, with both the ruble-denominated MOEX Index and the dollar-denominated RTS Index climbing 0.8% by 10:00 Moscow time.
The gains mark a continuation of the buying pressure that has characterized the market over the past three trading days, signaling sustained investor confidence despite broader global uncertainties.
The rally comes as the Chinese yuan weakened against the ruble, a dynamic that often supports export-oriented Russian equities by improving the competitiveness of domestic producers.
Market participants appear to be focusing on internal liquidity and technical momentum rather than external geopolitical headlines, which have remained relatively stable in the short term.
This session’s performance follows similar openings on Tuesday and Wednesday, where both indices posted gains in early trading.
The consistency of the move suggests that the recent uptrend is not merely a single-day bounce but a developing sentiment shift among local investors.