Russian Stock Market Shows Correction Amid Commodity Gains

The Russian stock market experienced a slight increase, with the Moscow Stock Exchange Index rising by 0.25%, driven by a surge in commodity prices following the Federal Reserve's rate cut. Notably, shares of Norilsk Nickel rose by 4.7% due to rising global prices for platinum and palladium, although the market faces resistance at the 2,780 points level. Despite some stocks showing potential for short-term gains, many others are deemed unattractive for medium-term purchases due to high debt and poor business performance. Meanwhile, the investment community is assessing strategies for selling stocks, with a focus on when to trim positions based on changing market conditions and company fundamentals. Additionally, Palantir's inclusion in the S&P 500 highlights its robust growth, with concerns about overvaluation prompting some investors to consider selling. The broader market dynamics and individual stock performance create a complex landscape for investors navigating current opportunities and risks.