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19 Mar, 17:49

Russian stock indices in the red on Wednesday — market data

The ruble-denominated MOEX Russia Index dropped by 0.85% to 3,229.79 points, while the dollar-denominated RTS Index tumbled 2.46% to 1,228.09 points

MOSCOW, February 19. /TASS/. Russian stock indices ended the trading session on Wednesday with downward dynamics, according to market data.

The ruble-denominated MOEX Russia Index dropped by 0.85% to 3,229.79 points. The dollar-denominated RTS Index tumbled 2.46% to 1,228.09 points. The yuan gained 27.7 kopecks over the day to 11.49 rubles.

"The MOEX Russia Index adjusted downward on Wednesday. Sales were according to the fact of yesterday’s communication between leaders of Russia and the United States - probably, expectations from that talk turned out to be over-optimistic. The decline can be considered moderate at the same time - after staying slightly lower than 3,200 points, the benchmark managed to offset a significant portion of losses by the close of business. The ruble dip in the midday may support stocks," Alexander Shepelev from BCS Investment World said.

"Russneft stocks turned out to be growth leaders on the falling stock market, probably amid the restarted rise in oil prices," Natalia Milchakova from Freedom Finance Global noted.

The MOEX Russia Index can be within the range of 3,150-3,300 points tomorrow, BCS Investment World expects. Freedom Finance Global believes the index will be within 3,200-3,300 points.