MICEX, RTS indexes rising as trading day ended

TASS Russian News Agency | Nov 22, 2019 at 4:55 PM

MOSCOW, November 22. /TASS/. Russian market indexes ended the trading session on Friday with an upward trend. The MOEX Russia Index grew by 0.17% to 2,947.68 points by the close of business on the Moscow Exchange. The RTS index rose 0.05% to 1,455.42 points.

The dollar had an uptick by 0.23% against the ruble to 63.87 rubles. The euro grew by 0.05% and climbed to 70.45 rubles.

Brent oil futures prices with settlement in January 2020 declined by 0.97% to $63.12 a barrel on the London-based ICE today.

Urals-Primorsk oil futures with delivery in the next January ended the trading session on St. Petersburg's SPIMEX at $59.9 per barrel.

The Russian stock market made an unsuccessful attempt on Friday to grow on the back of the positive international background, Bogdan Zvarich from Promsvyazbank says in a comment. "The situation on the energy market facilitated purchases in our stocks," the analyst said. Shares of Gazprom and Norilsk Nickel lost over 1% and prevented the Russian market from demonstrating growth, Zvarich added.

The trade news background will remain the most important for the Russian market, similarly to other emerging markets, Sergei Deineka from BCS Premier comments. Growing oil prices may provide support, he added.

The forecast range of BCS Premier for the MOEX Russia Index is 2,940-2,980 points on Monday.