Russian stock markets opened higher on Friday, extending the positive momentum that has characterized the Moscow Exchange over the past few trading days.
The ruble-denominated MOEX Index and the dollar-denominated RTS Index both advanced by 0.23% to reach 2,291.09 and 886.58 points, respectively, as of 10:00 a.m.
The modest gains signal continued investor appetite for Russian equities despite the broader geopolitical backdrop.
The rally follows a similar opening on Wednesday, when both indices posted gains, suggesting a sustained shift in sentiment rather than a one-off bounce.
The dollar-denominated RTS Index, which tracks the performance of major Russian companies against the US currency, moving in lockstep with the MOEX indicates that the strength is not solely driven by ruble appreciation.
Market participants are likely weighing the recent stability in the currency markets against ongoing external pressures.