Russian stock market closed mixed on Friday

Business & Economy April 03, 21:11

The yuan rate fell by 11.95 kopecks to 11.5 rubles

MOSCOW, April 3. /TASS/. The MOEX Russia Index lost 0.49% to 2,760.7 by the close of business on Friday.

The RTS Index gained 0.26% to 1,090.79 points. The yuan rate fell by 11.95 kopecks to 11.5 rubles.

"The MOEX Russia Index lost about percent over the past week, gradually descending to 2,750 points. Negative news outweigh thus far. Fiscal discussions, damage to important oil export facilities, lack of signals on continued negotiations on Ukraine and the strong ruble restrain the buyers. At the same time, oil prices are kept in the three-digit area and inflation started declining in weekly and annual terms, which increases the chances for sequestration of the Central Bank’s key rate in April," Andrey Smirnov from BCS Investment World Said.

The Russian stock market ended the trading session with mixed dynamics amid controversial geopolitical and macroeconomic news, Natalia Milchakova from Freedom Financesaid.

Freedom Finance Global believes the MOEX Russia Index will be in the range of 2,750 - 2,850 points. BCS Investment World expect the index will be within 2,750 - 2,800 points. Zifra Broker noted the risk balance remains towards moderate growth of the ruble to 79-81 rubles per US dollar.

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