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Russian stock market closes in decline

The MOEX Index fell by 1.07% to 2,312.35 points, while the RTS Index declined 1% to 852.8 points

MOSCOW, October 8. /TASS/. The MOEX Index fell by 1.07% to 2,312.35 points at the close of Thursday’s main trading session, while the dollar-denominated RTS Index declined 1% to 852.8 points. The yuan exchange rate fell by 7.1 kopecks to 12.679 rubles.

"A wave of profit-taking swept through the stock market today. Investors reacted to the latest inflation data and the strengthening of the ruble. The rise in oil prices helped limit the decline," Andrey Smirnov, a stock market expert at BCS World of Investments, said.

Stock market

"Shares of Samolet Group (+1.6%) were the top gainers in today’s declining stock market, probably following statements by Sberbank executives that the bank is working with the company to improve its financial performance," Natalia Milchakova, lead analyst at Freedom Global, said.

According to her, Mechel common shares (-3.7%) were the biggest losers, likely due to forecasts of weak Russian steel export performance in 2026.

Outlook for October 9

BCS World of Investments expects the MOEX Index to trade in a range of 2,270-2,350 points on Friday. The yuan exchange rate could range from 12.6 to 12.8 rubles, while the dollar could trade at 84-86 rubles.

Freedom Global expects the MOEX Index to trade in a range of 2,300-2,400 points on Friday. Its forecasts for the dollar, euro, and yuan exchange rates are 84-86 rubles, 94-96 rubles, and 12.5-12.9 rubles, respectively.