RTS classic market turnover was over $105 million. The Moscow Interbank Currency Exchange (MICEX) index was up 2.12% to 1,336.04.
RI-Management trader Roman Blinov said the stock market would continue to grow throughout the week.
"There is a huge possibility that the RTS index this week will reach 1,500 points," he said. "If this level is passed, the market could well reach its historical maximums by the end of April."
In a year, Blinov said, the RTS index could reach 1,750.
Electricity monopoly Unified Energy System (RTS ticker EESR) stock grew 4.23%, Norilsk Nickel (GMKN) 3.16%, Sberbank (SBER) 2.84%, and Gazprom (GAZP) 2.5%.
However, Aton-Line analyst Andrei Vernikov said investors should not be euphoric despite price growth.
"Investors are likely to show a deficit of investment ideas before June, when [state oil company] Rosneft launches its IPO," he said. "Domestic market is just trying to catch up with other developing markets."
