MICEX, RTS indexes in the red in September

TASS Russian News Agency | Sep 30, 2020 at 7:39 PM


MOSCOW, September 30. /TASS/. The MOEX Russia Index lost 1.87% to 2,910.71 points in September, according to data of the Moscow Exchange.

The RTS index declined by 6.1% over the month and amounted to 1,181.06 points.

The dollar rose by 4.8% against the ruble in September and the euro gained 3% against the Russian currency.

The rollback in dollar and euro positions occurred on the last day of September in view of the currency interventions start announced by the Russian Finance Ministry and Central Bank the day before. "The Finance Ministry announced currency sales start, which was perceived by the market as a definite signal for the local end of the dollar rally," Anna Bodrova from Alpari comments.

The international background was moderately positive today and buyers dominated on the Western exchanges, Alexander Bakhtin from BCS Premier says. "The summit of EU leaders will take place on Thursday, and Eurozone unemployment data for August will be released. Investors will traditionally pay attention on this day for the weekly number of applications for jobseeker allowances in the US. Publication of September business activity data in the US manufacturing sector is also worth to note," the expert said.

"Chances are higher for Russian stocks to be in the green tomorrow, despite traditionally higher domestic economic risks," Alexander Osin from Freedom Finance says.

The forecast range of BCS Premier for the MOEX Russia Index is 2,870-2,970 points on Monday. Freedom Finance believes the expected closing range for the MOEX Russia Index on Monday will be 2,900-2,925 points.