MOEX Russia, RTS indexes falling as trading day ended

TASS Russian News Agency | Oct 5, 2022 at 8:24 PM

MOSCOW, October 5. /TASS/. Russian market indexes ended the trading session on Wednesday in the red. The MOEX Russia Index declined by 0.81% to 2,029.88 points by the close of business on the Moscow Exchange. The RTS index dropped by 3.47% to 1,061.97 points.

Brent oil futures prices gained 1.66% to $94.71 a barrel on the London-based ICE today.

The dollar moved up by 1.22% against the ruble to 60.17 rubles at the same time. The euro edged up 2% and totaled 58.4 rubles.

"Reports that the EU agreed the next package of anti-Russian sanctions, comprising in particular a paragraph on the ‘price cap' for oil supplied from Russia acted as the negative driver," Alexander Bakhtin from BCS Investment World comments.

The expected closing range for the MOEX Russia Index tomorrow is 1,950-2,070 points, BCS Investment World believes.