Russian stock indices falling on Tuesday — market data
The ruble-denominated MOEX Russia Index dropped by 2.62% to 2,464.35 points, while the dollar-denominated RTS Index also plunged by 3.8% to 738.93 points
MOSCOW, November 26. /TASS/. Russian stock indices ended the trading session on Tuesday in the red, according to market data.
The ruble-denominated MOEX Russia Index dropped by 2.62% to 2,464.35 points. The dollar-denominated RTS Index also plunged by 3.8% to 738.93 points. The yuan moved up by 0.29% to 14.67 rubles.
"Growth of geopolitical risk, sanction threats, resilience of signals in favor of the key rate lifting by the Central Bank at the December meeting continue to prevail over traders," Alexander Shepelev from BCS Investment World said.
The external sentiment was moderately negative today. "Escalation of global geopolitical risks and expectations of serious changes in the US policy with the return of Donald Trump to the White House are of concern for investors in China and Europe," the expert added.
The MOEX Russia Index can be within the range of 2,425-2,575 points tomorrow, BCS Investment World expects. Freedom Finance Global believes the index will be within 2,400-2,500 points. Weekly inflation data will be released by the Russian statistical services tomorrow evening, which may influence trading on Thursday.