MOSCOW, March 13. /TASS/. The Russian stock indices started trading with the growth on Monday following the positive external background and the rise in commodity prices, but during the session the overall market situation deteriorated significantly.
By the end of the trading on the Moscow Exchange, the MOEX index decreased by 0.30% to 2,269.47 points, the dollar-denominated RTS index rose by 1.19%, to 954.00 points.
The price of a futures contract for Brent crude fell sharply to $80 per barrel.
Meanwhile, the ruble continued to significantly strengthen against the dollar.
The dollar-to-ruble rate by the end of the day decreased by 1.10% to 75.00 rubles, the euro rate fell by 0.55% to 80.45 rubles, the yuan rate edged down by 0.04% to 10.93 rubles.
At the end of last week, the problems of Silicon Valley Bank, which was in the top 20 in terms of assets in the US, was in focus of global markets.
"The emergency measures to support the banking sector, announced by the US financial authorities, initially led to a decline in the dollar index (DXY) and, accordingly, to an improvement in the position of a group of risky assets. However, investors soon rethought the threat posed by the current situation: US bank shares literally fell, and a wave of sales swept through world stock exchanges, as well as in oil," said Alexander Bakhtin, strategist at the BCS World of Investment.
On the Russian stock market, despite the fall of blue chips, the shares of Beluga alcohol producer (+4.7%) were among the leaders in growth today, said Natalya Milchakova, a leading analyst at Freedom Finance Global. The shares of the gold miner Polyus (+4.1%) and the Polymetal group (+3.9%) also rose in price amid rising gold prices.
The leaders of the decline were the shares of the Moscow Exchange (-3.05%) MMK shares fell (-2.2%) in the context of reports from the Federal Customs Service about a decrease in steel exports to Europe in 2022, Milchakova suggested.
According to a forecast by the BCS World of Investments, on Tuesday, March 14, the MOEX index will be in the range of 2,200-2,300 points, the dollar-to-rubles rate will be in the range of 74.5-76.5 rubles.