Russian stock indices plunge on Thursday

Business & Economy December 21, 2023, 20:17

The MOEX Russia Index edged down by 1% to 3,073.57 points, while the RTS Index fell by 2.16% to 1,051.87 points

MOSCOW, December 21. /TASS/. The Russian stock market indices ended the trading session on Thursday in the red, according to Moscow Exchange data.

The MOEX Russia Index edged down by 1% to 3,073.57 points. The RTS Index fell by 2.16% to 1,051.87 points.

The dollar gained 1.19% to 92.15 rubles. The euro added 1.94% to 101.6 rubles. The yuan ticked up by 0.1% to 12.85 rubles.

"The decline in oil and ferrous metals prices and the wave of exiting from the risk at global exchange platforms was the cause for the drop. The statement of Angola’s withdrawal from OPEC is more likely to alert a market a bit. A discord in the ranks of an influential commodity organization always causes growth of volatility, a fairly moderate one in this case," Alexander Bakhtin from BCS Invesment World comments.

The forecast for the MOEX Russia Index tomorrow is 3,000-3,100 points from Freedom Finance Global and BCS Investment World.

Read more on the site →