Russian stock market closes with rising indices
The MOEX Russia Index gained 2.25% to 2,547.88 points, while the RTS Index edged up by 0.78 to 732.48 points
MOSCOW, November 28. /TASS/. The Russian stock market closed in the green on Thursday, according to Moscow Exchange data.
The MOEX Russia Index gained 2.25% to 2,547.88 points. The RTS Index edged up by 0.78 to 732.48 points. The yuan moved up by 23 kopecks to 14.69 rubles. Alexander Shepelev from BCS Investment World commented.
"The pressure continues emanating from the geopolitical strain and signals of key rate lifting by the Central Bank," Alexander Shepelev from BCS Investment World commented.
The Russian statistical agency Rosstat released consumer price growth rates the day before. Annual inflation continued growing, while weekly inflation slightly dropped from the earlier reached level, the expert added.
Coming weekends may restrain buying activity in the stock market, BCS Investment World said. The MOEX Russia Index is expected to be 2,450-2,550 points on November 29, BCS Investment World predicts. According to Freedom Finance Global, the index will move within the range of 2,500 - 2,600 points.
Sberbank, Rosneft and Aeroflot will release their IFRS reports this Friday.