Russian Equities Weekly 23-27 November, 2020: Russia outperforms the broader emerging markets for the fourth week running

Russian equity market dynamics Last week, the Russian equity market outperformed the broader emerging markets (EM) index. This was mainly due to sector-specific factors. The overweight in the energy sector supported the Russian equity market as oil prices rose by 8% during the week. The overweight in the materials sector provided additional support to the Russian equity market as the prices of metals increased.