Russian stock indices MOEX, RTS down 0.42-0.56% as trading ends on Friday

TASS Russian News Agency | Feb 14, 2020 at 4:55 PM

MOSCOW, February 14. /TASS/. The Russian stock indices showed a downward trend by the end of trading on the Moscow Stock Exchange on Friday.

The MOEX decreased by 0.42% to 3,096.88 points, the RTS index dropped by 0.56%, to 1,534.89 points, according to the trading data.

As of 7:12 pm Moscow time, the dollar-to-ruble rate on the Moscow Exchange decreased by 0.08%, to 63.585 rubles, the euro rate edged down by 0.08%, to 68.938 rubles.

The cost of a futures contract for Brent crude oil for settlement in April 2020 rose by 0.98% to $ 56.97 per barrel on the ICE Exchange in London.

The Russian stock market ends the week with a decline amid a contradictory external background: on the one hand, Russian stocks received support from the energy market, and on the other hand, the situation on the Western stock markets contributed to sales, says Bogdan Zvarich, chief analyst of Promsvyazbank.

"In the evening in Europe the main indices lost within 0.4%, and in the USA after the first thirty minutes of trading, Dow Jones and S&P500 consolidated at the closing levels of the previous day," he explained.

"Shares of Sistema Group and Magnit retailer were among the outsiders of the trading, as they fell in price by more than 2%. As for "blue chips," we highlight the negative dynamics in the securities of Gazprom and Sberbank, which lost 0.8% and 0.7%, respectively," the expert added.

According to BCS Premier financial analyst Sergei Deineka, the investors' appetite for buying risky assets was weakened by anxiety caused by the rising incidence of new coronavirus.