Index of Mosex, ruble, shares of Surgutneftegaz and steel workers: digest

Mobiri Index

The Russian stock market took a course to increase. The index of the Moscow Exchange (IMOEX) following the results of the main trading session on Monday, October 5, increased by 1.86%, to 2319.57 points. The IMOEX2 index, which shows the dynamics of the market including in the evening and morning sessions, ended the day in a plus of 1.83%, to 2321.57 points.

Support for the shares is provided by some improvement in geopolitical expectations, said Finam analyst Dmitry Lozovoy. A day earlier, Ukrainian President Volodymyr Zelensky said that the United States proposes to hold a trilateral meeting of Russia, Ukraine and the United States at the technical level before the end of October, while Kiev has already confirmed its readiness to participate in the negotiations.

An additional driver remains high oil quotes that support the securities of exporters, added in Finam. Positive for the market is perceived and the weakening of the ruble against the background of an increase in the purchase of currency by the Ministry of Finance in October, said Dmitry Lozovoy.

In the coming sessions, according to Said Kerimkhanov, an analyst at Digital Broker, the index of the Moscow Exchange will mainly fluctuate in the range of 2300-2350 points. Positive news about the negotiations and the stabilization of oil prices can contribute to continued growth, the expert believes. The deterioration of the geopolitical situation increases the likelihood that the index will return to below 2300 points.

On the morning of Tuesday, October 6, IMOEX2, according to 8:11 MSK, grows by 1.91% to the close of evening trading on October 5, to 2323.3 points.

Russian currency

The ruble weakened significantly against foreign currencies on Monday. The yuan exchange rate on the Mosbirzh at the end of the day increased by 2.06%, reaching 12.754. This is the highest level since September 9 this year.

The USDRUB TOM tool rose by 1.66%, reaching .85.8075.

Pressure on the ruble exchange rate was provided by information that from October 7 to November 6, 2026, the Central Bank will increase the volume of daily purchases of foreign currency by 6.3 times (to ,12.12 billion) as part of the implementation of the budget rule by the Ministry of Finance, said Dmitry Babin, an expert at BCS World of Investments.

“We believe that the reaction of the ruble to news about foreign exchange operations will be short-term,” said Elena Kozhukhova, an analyst at Veles Capital. The increase in foreign currency purchases largely reflects the expected higher oil and gas revenues, so in the medium term, nothing fundamentally changes for the ruble: support from high oil prices and counter demand for currency under the budget rule should largely neutralize each other, the expert explained.

Shares of Surgutneftegaz

Preferred shares of Surgutneftegaz jumped by 4.43% following the results of trading on Monday, October 5, closing at ке41.825 per share.

The quotes of the oilman grew after the sharp weakening of the ruble.

“The higher the dollar will be by the end of the year, the more dividends will be next summer,” said Vasily Karpunin, head of information and analytical content at Alfa-Investments.

Dividend payments on the company’s prefas mainly depend on the exchange rate revaluation of a large volume of foreign currency on its accounts (the so-called cup). Therefore, with the approach of the end of the year, the currency factor will increasingly influence the quotes of these securities, Dmitry Babin, an expert at BCS World of Investments, also noted.

Stocks of steelworkers

Shares of Russian steel companies were among the leaders in the growth of yesterday’s trading session. Quotations of Severstal added 4.88%, to и679.8 per share, MMK - 4.78%, to и21.815 per share, NLMK - 5.38%, to и72.88 per share.

In stocks, the most obvious rate is now associated with the weakening of the ruble, writes the director of strategy of FG Finam Yaroslav Kabakov.

NLMK, Severstal and MMK added about 5% on the eve, and this is a logical reaction after a strong oversold sector. The devaluation improves the ruble economy of export metallurgy, especially if there is no new tax pressure at the same time.

According to analysts at BCS World of Investments, steel producers may not pay as much as a tax on super profits. The Minister of Finance of the Russian Federation Anton Siluanov announced the achievement of a compromise with the business on the tax on super-incomes. According to him, for companies, which due to price spikes in a particular year increases the amount of tax, there is a smoothing mechanism.

In addition, the sector has traditionally reacted strongly to the geopolitical factor. The improvement of the geopolitical situation for Russia can expand the opportunities for faster reduction of the key rate in the longer term. This will support the recovery of demand for metallurgical products, primarily from the construction sector, believes Dmitry Babin, an expert at BCS World of Investments.

Corporate events

Seligdar: the Board of Directors will consider the termination of the company’s participation in Beta Mineral LLC.

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