MOEX Russia, RTS indexes rising by end of trading session, Brent prices down 1.58%

TASS Russian News Agency | Mar 25, 2020 at 5:41 PM

MOSCOW, March 25. /TASS/. Russian market indices ended the trading session on Wednesday with an upward trend. The ruble-denominated MOEX Russia Index rose by 1.52% to 2,452.69 points by the close of business on the Moscow Exchange. The dollar-denominated RTS index added 1.7% to 981.69 points.

The dollar rose by 0.45% to 78.63 rubles. The euro grew by 0.85% and amounted to 85.2 rubles by the end of the trading session.

Meanwhile, Brent futures for April 2020 settlement fell by 1.58% and amounted to $27.16 a barrel on the London-based ICE.

The mood on the market will remain mixed on Thursday, Sergei Deineka from BCS Premier says. "The pandemic and global recession concerns continue applying pressure on risky assets," the expert says.

Chances of the market growth will prevail tomorrow as part of the dominating external trend and contrary top the domestic investment background, Alexander Osin from Freedom Finance comments.

The MOEX Russia Index is predicted to be in the range of 2,400-2,050 points, BCS Premier says. According to Freedom Finance, the expected closing range for the MOEX Russia Index tomorrow is 2,260-2,455 points.