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24 Feb, 18:14

Russian stock indices in the green as Monday’s trading closes on Moscow Exchange

The growth leaders by the end of the session were shares of Wush Holding (+10.3%), the St. Petersburg Stock Exchange (+8.18%), Sollers (+5.49%), MKB (+4.35%) and Pozitiv (+3.96%)

MOSCOW, February 24. /TASS/. The Russian stock indices were in the green zone by the end of trading session on the Moscow Exchange.

The MOEX index rose by 0.62% to 3,303.63 points, the dollar-denominated RTS index went up by 0.57% to 1,179.86 points.

The yuan-to-ruble exchange rate fell by 13.3 kopecks and was trading at 12.1 rubles.

"The MOEX index started the week in a neutral key, the benchmark moved around the 3,300 points mark. The negative side includes sanctions news and a local decline in commodity prices," says Alexander Shepelev, an expert on the stock market at BCS World of Investments.

The growth leaders by the end of the session were shares of Wush Holding (+10.3%), the St. Petersburg Stock Exchange (+8.18%), Sollers (+5.49%), MKB (+4.35%) and Pozitiv (+3.96%).

"The growth leaders on the stock market were shares of Wush Holding, apparently in anticipation of the publication of financial results for 2024 and the beginning of the spring travel season," explains leading analyst of Freedom Finance Global Natalia Milchakova.

The leaders of decline were shares of RusHydro (-1.77%), Rosneft (-1.56%), preferred shares of Tatneft (-1.48%), shares of TGK-1 (-1.43%) and preferred shares of Bashneft (-1.38%).

"Rosneft shares turned out to be the leaders of the decline, most likely due to the introduction of EU sanctions against the Vostok Oil project it is developing," the expert added.

BCS World of Investments expects that on Tuesday, February 26, the MOEX index will be trading in the range of 3,210-3,360 points, yuan-to-ruble rate will be in the range of 11.9-12.3 rubles, the dollar rate will be around 87-90 rubles.

Freedom Finance Global expects that tomorrow the MOEX index will fluctuate in the range of 3,250-3,350 points, while the rates of the dollar, the euro, and the yuan against the Russian currency will be at 87-89 rubles, 91-93 rubles, and 12-12.5 rubles, respectively.