Trading volumes remain low at the start of the week, but the market saw growth. By 14:30, the MOEX Index was up 0.77% (to 2586) and trying to secure a position above the 2600 point mark—the upper boundary of the corridor projected by analysts. Today, the rouble index temporarily went above the "round" mark for the first time since 24 October 2025, rising to 2000.19 points.

Support for the index mainly came from the shares of Gazprom (+1.17%) and Sber (+1.7%), with the primary purchasing remaining in these securities. Nevertheless, Stanislav Stanisherov, creator of the Investments and TradingTelegram channel, warns: "This absolutely does not mean that the market is guaranteed to go higher and won't fall again, but it's a positive signal". The expert also noted that additional drivers, particularly in the geopolitical sphere, are needed for continued growth and breaking the 2600 point level; otherwise, the movement will remain lateral.

Evgenii Kogan, author of the bitkogan Telegram channel, is doubtful about the success of assaulting the 2600 point level: "The buyers' strength may not be enough to take that mark on the first try. After all, the level is quite strong". One obstacle the analyst cites is the lack of positive market conditions at the beginning of the week.

The RGBI Index is up 0.56%, remaining near the 116 point level. Analysts at Tsifra Broker assert that the published weekly data from Rosstat on the Consumer Price Index (CPI) may support the dynamics in the bond market. The growth rate for this indicator decreased by 0.11% at the end of last week. Another positive signal for the RGBI Index could be the maintenance of the geopolitical status quo. Under these conditions, the 118–120 point mark could be reached by the end of the year, analysts at PSB believe.

Interest in Sber shares may have increased due to reports that Russian President Vladimir Putin will meet with the company's head, German Gref, today, according to investment strategist Aleksandr Bakhtin of Garda Capital. "In addition, investors are awaiting the publication of the company's financial results for October this week; the RAS report will be released on Wednesday," the expert added.

Ozon provided a strong report for the third quarter of 2025, increasing revenue by 69% year on year (y/y). Trading in the company's shares on the Moscow Exchange resumes on 11 November after successful redomiciliation. Besides the payment of first dividends, which shareholders will consider on 10 December, Ozon plans to launch a buyback programof up to 25 billion roubles by the end of 2026. The authors of the Limon na chai Telegram channel note the positive nature of such steps by the holding: "The company has excellent financial results, growing profit, and confident plans for the future. Ozon is strengthening its position and demonstrating serious intentions, including through the share buyback program". However, these results did not affect the company's share quotations—there is neither growth nor fall in them today.

Shares in MKPAO Tsian are up 1.59% after the announcement of the exchange of shares obtained from the automatic conversion of CIAN PLC depositary receipts. The company warns that by not participating in the exchange, shareholders will lose their right to dividends and will be left with illiquid goods without access to trading.

The investment idea remains strong for Lenenergo, with shares up 2.2%. The company's profit is expected to grow by 45% by the end of 2025 due to tariff increases and cost reductions. Analysts at Gazprom Investments believe that a recommendation for dividend payments could give an additional boost to the quotations of preferred shares.

The growth leaders today also included VK (+2.28%), Moscow Credit Bank (MCB) (+2.24%), Bank Saint Petersburg (BSP) (+2.18%), and Russneft (+1.66%).

Another focal point today is the news about the possible imminent end of the US government shutdown. The US Senate approved temporary funding until 30 January. Evgenii Kogan, author of the bitkogan Telegram channel, asserts: "Financial markets are almost certain that an agreement will be reached". The news has a positive impact on precious metal quotations. "The possible end of the shutdown momentarily adds optimism to most markets, but it doesn't solve the fundamental problems. Purely positive for precious metals," the expert adds.

The main laggards today are the shares of oil companies—Tatneft (preferred shares -0.84%, ordinary shares -0.38%), Gazprom Neft (-0.57%), and Transneft (-0.57%). This follows a drop in wholesale prices for petroleum products since the second half of October. Analysts at BCS World Investments estimate that the domestic wholesale price environment should become less favourable for major oil companies in the medium term. The Tatneft board of directors will give a recommendation on dividends on 12 November, earmarking a lower percentage of net profit than a year earlier. Analysts at PSB consider such actions justified: "Firstly, it complies with the company's dividend policy, and secondly, based on market conditions with reduced financial results compared to last year, it is difficult to count on more".

On the currency market, the rouble is strengthening on the interbank market against the US dollar (-0.06%) to 80.94, but weakening against the euro, gaining 0.12% to reach 93.6. The immediate goal for the yuan–rouble pair, according to analysts at Alor Broker, is to break the 11.4 resistance mark: "This will open the way to 11.7. It is very likely that this task will be completed in the coming days". For now, the yuan is rising against the rouble by 0.02% and is at the level of 11.368.

By Liana Gainutdinova for Finam (Russia).