MOSCOW, February 20. /TASS/. The MOEX index traded in the green for most of Thursday.
By the end of the day, the ruble indicator rose by 0.67% to 3,292.62 points. Meanwhile the dollar-denominated RTS index went up by 2.85% to 1,171.89 points.
The yuan-to-ruble rate fell to 12 rubles before the close for the first time since September 3, 2024, according to Moscow Exchange data.
"The MOEX Index started trading in the green on Thursday and was mostly under the control of buyers during the day. The benchmark tried to consolidate above 3,300 points. In the meantime, the ruble updated multi-month highs, and oil prices did not change fundamentally. The encouraging data on inflation released by the Federal Statistics Service the day before might add confidence to traders," said Alexander Shepelev, an expert on the stock market at BCS World of Investments.
As for the external background, the situation was calm.
"The People's Bank of China kept the base lending rate (LPR) for a period of one year and five years at 3.1% and 3.6% per annum, respectively," the expert added. The minutes of the last Fed meeting published the day before noted that the regulator is concerned about inflation related to foreign trade tariffs and the economic plans of US President Donald Trump. Members of the Federal Open Market Committee (FOMC) believe that the process of returning inflation to 2% may slow down, the expert said.
On Thursday, the leaders of growth were shares of Rostelecom (+3.97%), Rusal (+2.75%), Magnit (+2.24%), En+ Group (+2.03%), Aeroflot (+1.81%) and Novatek (+1.72%), as well as Gazprom Neft (+1.62%).
"The leaders of growth on the stock market were ordinary shares of Rostelecom, probably in anticipation of the company's IFRS financial statements for 2024," says leading analyst at Freedom Finance Global Natalia Milchakova.
The leaders of decline by the end of the session were shares of the St. Petersburg Exchange (-5.2%), Segezha (-2.38%), PIK Group (-2.1%), and Gazprom (-1.96%).
Forecast for February 21
The forecast of BCS World of Investments for the MOEX index for February 21 is 3,200-3,350 points. "According to our estimates, on Friday the yuan-to-ruble exchange rate may move within the range of 11.9-12.3 rubles and the dollar rate may vary in the range of 87.5-92.5 rubles," the company noted.
According to Freedom Finance Global's expectations, tomorrow the MOEX index will fluctuate in the range of 3,250 - 3,350 points, the dollar rate will vary in the range of 87.5-89 rubles, the euro rate will be between 91 and 93 rubles and the yuan rate will be between 11.9 and 12.5 rubles.