Russian stock indices in the green as trading closes on Moscow Exchange on Thursday
The dollar rate went down by 1.91% to 89.36 rubles, while the euro rate dropped by 1.55% to 99.62 rubles
MOSCOW, December 28. /TASS/. The Russian stock indices showed moderate growth on Thursday and ended trading in the green.
By the end of trading session, the MOEX index increased by 0.15% to 3,101.99 points, the dollar-denominated RTS index went up by 2.08% to 1,090.93 points.
The yuan exchange rate decreased by 0.13% to 12.6 rubles, the dollar rate went down by 1.91% to 89.36 rubles, the euro rate dropped by 1.55% to 99.62 rubles.
The impulse of the ruble strengthening and the price decline in commodities prompted investors to partially fix, says investment strategist at BCS World of Investments Alexander Bakhtin. Besides thaton the eve of January holidays, investors may be wary of any market or geopolitical risk that can emerge in the early days of next year.
Brent price failed to not stay above $80 per barrel.
"Shipping in the Red Sea is gradually recovering, and new drivers to support the growing dynamics of raw materials are not yet to be seen," the expert adds.
On Thursday, the growth leaders at the end of the trading session were receipts of Etalon (+6.06%), shares of Ozon (+4.17%), receipts of X5 Retail Group (+2), securities of Samolet (+1.67 %), Mechel preferred shares (+1.65%), Polyus shares (+1.01%).
On the contrary, the leaders of decline were Qiwi shares (-3.57%), Fix Price receipts (-2.74%), M.Video shares (-2.27%), Russneft shares (-2. 03%), shares of Gazprom Neft (-1.69%).
On the final Friday of the year, investor activity may be minimal. The forecast of "BCS World of Investments" for the MOEX index as of December 29 is 3,025-3,125 points, at the dollar exchange rate is expected to be in the range of 88.5-91.5 rubles.
Freedom Finance Global expects that the MOEX index will move in the range of 3,050-3,150 points, the dollar will trade in the range of 88-90 rubles, the euro rate will vary in the range of 98-100 rubles, the yuan rate will be between 12.4 and 12.9 rubles.