Russian stock indices showed mixed dynamics by end of trading on Monday

TASS Russian News Agency | Jan 25, 2021 at 7:15 PM

MOSCOW, January 25. /TASS/. Russian stock indices showed mixed dynamics by the end of the trading on the Moscow Exchange on Monday.

The MOEX index increased by 0.43%, to 3,397.48 points, the RTS index decreased by 0.44%, to 1,412.02 points.

As of 7:50 p.m. Moscow time, the dollar-to-ruble rate increased by 0.28%, to 75.58 rubles, the euro rate edged up by 0.09%, to 91.71 rubles.

The reason for the sales was the situation on the Western sites, chief analyst at PSB Bogdan Zvarich said. In Europe, by the evening the main indices dropped within 1.8%, and in the US after the first hour of trading, the Dow Jones and S&P 500 fell by 1.3% and 1.1%, respectively. However, there were signs of consolidation in the energy market, as a result the price of a futures contract for Brent crude held its position at around $55.5 per barrel.

"The overall market sentiments by the beginning of the week have improved slightly - despite the fact that the number of confirmed cases of the spread of COVID-19 in the world approached the mark of 100 million, the rate of infection is decreasing. Purchases in the markets of the Asia-Pacific region were backed by reports of the restrictions in Hong Kong, as well as UN data that in 2020 foreign direct investment in the Chinese economy exceeded investment in US assets by 20%," said Alexander Bakhtin, investment strategist at BCS World of Investments.

Meanwhile, European statistics indicate the difficulties of economic recovery. The January IFO German business climate index came out worse than expected, the expert added.

On Monday, the leaders in terms of growth were the following companies: PhosAgro (+ 4.40%), Sistema Holding (+ 3.63%), PIK (+ 3.41%), LSR (+ 1.35%) and the receipts of Lenta retailer (+ 0.90%), which surged amid the release of the operating results.