Russian stock indices decline by end of first trading day of October

TASS Russian News Agency | Oct 1, 2020 at 7:29 PM

MOSCOW, October 1. /TASS/. The Russian stock market started October trading sessions with a decline amid falling oil prices and the aggravation of the epidemiological and geopolitical situation.

The MOEX index decreased by 0.55% to 2,889.8 points, the RTS index dropped by 0.34%, to 1,174.49 points.

As of 7:00 p.m. Moscow time, the dollar-to-ruble rate decreased by 0.07%, to 77.56 rubles, the euro rate edged down by 0.01%, to 91.04 rubles.

Alexander Bakhtin, investment strategist at BCS World of Investments, marked mixed dynamics on the Russian stock market on Thursday. During the day the support from oil prices, which showed growth the day before thanks to the weekly statistics on US inventories, went down to zero. The price of a Brent futures contract with the nearest settlement date fell back to the $40 per barrel area, the analysts noted.

However in the near future, the adoption of a new package of large-scale financial assistance measures in the United States can again whet the risk appetite in the markets.

"There is information about progress in the discussion of this issue in the Congress," Bakhtin said.

On Thursday, the shares of the following Russian companies showed biggest decline: Aeroflot (-4.4%) and Inter RAO (-3.04%). On the contrary, the shares of the following companies grew during the day: St. Petersburg Bank (+1.78%), retailers Detsky Mir (+1.5%) and Lenta (+1.32%).