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Russian stocks close mixed on Friday

The ruble-denominated MOEX Index lost 0.59% to 2,242.84 points, while the dollar-denominated RTS Index gained 0.32% to 914.9 points

MOSCOW, July 3. /TASS/. Russia’s stock market closed mixed on Friday as the ruble-denominated MOEX Index lost 0.59% to 2,242.84 points, while the dollar-denominated RTS Index gained 0.32% to 914.9 points. The yuan exchange rate against the ruble added 2 kopecks to 11.49 rubles.

"Over the course of the week, the MOEX Index made a dramatic swing toward the 2,400-point mark before retreating toward 2,200 points. The rebound from three-year lows lacked fundamental support. Moreover, oil prices fell even lower, approaching levels seen prior to the Middle East conflict," said Andrey Smirnov, stock market analyst at BCS World of Investment.

BCS World of Investment projects the ruble’s exchange rates at 77-79 rubles per 1 US dollar, and 11.3-11.6 rubles per 1 Chinese yuan, and the MOEX Index at 2,215-2,360 points on Monday.

Freedom Global expects the MOEX Index at 2,200-2,300 points on July 6. The USD/RUB pair is expected to trade at the 76-78 rubles range, the EUR/RUB pair is projected at the 87-89 rubles range, while the CNY/RUB pair is expected at the 11.3-11.8 rubles range.

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