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MOEX Index up 0.09%, RTS Index up 0.53% as trading on Moscow Exchange closes on Wednesday

The dollar rate fell to 91.28 rubles, while the euro rate increased to 101.30 rubles

MOSCOW, December 27. /TASS/. The Russian stock market mainly showed moderate growth on Wednesday.

By the end of the trading on the Moscow Exchange, the MOEX index edged up by 0.09% to 3,097.49 points, the dollar-denominated RTS index rose by 0.53% to 1,068.71 points.

The yuan exchange rate decreased by 0.04%, to 12.74 rubles, the dollar rate fell by 0.37% to 91.28 rubles, the euro rate increased by 0.24%, to 101.30 rubles.

"The momentum of rising oil prices added to the relative weakness of the ruble. However, during the day, Brent price again went negative. There are currently insufficient drivers on the market to confidently fix the price above $80 per barrel," said investment strategist at BCS World of Investments Alexander Bakhtin.

The external background was generally positive. Western markets are returning to trading after the Catholic Christmas celebrations. Chinese and European stock exchanges were trading mostly in moderate positive territory, the expert added.

On Wednesday, the leaders of growth on the stock market were shares of Sovcomflot (+6.6%) without news, but perhaps due to interest to the Russian logistics sector, said Natalya Milchakova, leading analyst at Freedom Finance Global.

The leaders in decline were the shares of Gazprom Neft (-7.8%) due to the closing date of the register of shareholders for receiving dividends.

BCS World of Investments’ forecast for the MOEX index for December 28 is 3,025-3,125 points, the forecast for the dollar exchange rate is 90.7-93.2 rubles.

Freedom Finance Global expects that tomorrow the MOEX index may again fluctuate in the range of 3,000-3,100 points, the dollar-to-ruble rate will be in the range of 90-92 rubles, the euro-to-ruble rate will be the range of 100-102 rubles, the yuan-to-ruble rate will vary between 12.5-13 rubles.