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Russian stock indices mixed as trading on Moscow Exchange closes on Tuesday

The MOEX index did not show any clear dynamics on Tuesday, trading in the 2,900-2,950 zone

MOSCOW, February 4. /TASS/. Russian stock indices showed mixed dynamics on Tuesday.

The MOEX index did not show any clear dynamics on Tuesday, trading in the 2,900-2,950 zone. At the end of the day, the MOEX index fell by 0.29% to 2,917.71 points, the dollar-denominated RTS index rose by 1.14% to 932.82 points.

The yuan-to-ruble rate did not show any dynamics and was trading at 13.27 rubles.

"The uncertainty on the stock market is due to the temporary absence of drivers in both market or geopolitical areas. The ruble has slightly strengthened, Brent oil prices fell below $75 per barrel," said Alexander Shepelev, an expert on the stock market at BCS World of Investments.

In the meantime, the external background improved.

"US President Donald Trump has postponed the introduction of 25% tariffs on goods from Canada and Mexico for a month after the two countries agreed to take tougher measures to combat illegal migration," the expert added.

Stock market

Rostelecom (RTKM, -0.26%, RTKMP, -0.17%) has lost its gains from the beginning of the day. The telecom subsidiary Solar, which operates in the field of cybersecurity, has been transformed into a joint-stock company. This fact may indicate the first steps towards an IPO, which may reveal and increase the value of Rostelecom, according to Maxim Fedosov, portfolio manager of the Pervaya Management Company.

Unipro (UPRO, -2.03%) is losing market capitalization.

"The government plans to allow the company not to disclose financial statements. The uncertainty regarding the Uniper package continues to have a key influence on stock prices," the expert noted.

"Shares of Polyus (PLZL, +1.85%) are growing, backed by another maximum in gold prices (more than $2,870 per ounce) and a corporate event - yesterday the company's shareholders approved a split of the company's shares," Fedosov noted.

Forecast for tomorrow

In the absence of new geopolitical inputs, the same dynamics may persist, according to BCS World of Investments. The company's forecast for the MOEX index on February 5 is 2,900-3,000 points.

"If the news background does not bring any surprises in the middle of the week, then we can expect the yuan to remain in the range of 13.2-13.5 rubles, the dollar will be in the range of 98-101 rubles," says Alexander Shepelev.

According to Freedom Finance Global's expectations, tomorrow the MOEX index will fluctuate in the range of 2,850-2,950 points, the ruble exchange rate to the dollar, euro and yuan will be in the range of 98-100, 102-104, 13.6-14.1 rubles, respectively.