MOSCOW, July 14. /TASS/. The ruble-denominated MOEX Index ticked up 0.15% to 2,167.7 points at Tuesday's close, while the dollar-denominated RTS Index shed 0.97% to 881.22 points. The yuan gained 14 kopecks to 11.47 rubles.
"The MOEX Index made another attempt to head toward 2,200 points, near a zone of significant resistance. Pushing the benchmark higher solely on a surge in oil prices is difficult. Just like yesterday, we saw a pullback from intraday highs," Andrey Smirnov, a stock market expert at BCS World of Investments, said.
"The top gainers included Cian (+4.46%), Sovcomflot (+3.49%), Surgutneftegas preferred shares (+2.65%), Rosseti Center and Volga Region common shares (+2.58%), Genetico (+2.48%), Rusal common shares (+2.27%), TMK (+1.71%), Novabev Group (+1.68%), Unipro (+1.65%), and OGK-2 (+1.44%)," Maxim Abramov, an analyst at Finam, noted.
Meanwhile, Natalia Milchakova, leading analyst at Freedom Global, suggested that Cian (+4.5%) led the rally on expectations that the issuer would launch a share buyback program in mid-July.
"In contrast, Mosenergo sank 13.86%, followed by MTS common shares (-5.32%), VK (-4.88%), Positive Technologies (-4.25%), Rusagro (-3.73%), Ozon (-3.1%), Bank Saint Petersburg (-2.9%), Sollers (-2.43%), Yandex (-2.41%), and MD Medical Group (-2.34%)," Abramov added. Milchakova explained that Mosenergo plummeted as today marked its dividend record date.
