MOEX Russia, RTS indexes rising by end of trading session – market data

TASS Russian News Agency | Oct 8, 2020 at 7:36 PM

MOSCOW, October 8. /TASS/. Russian market indexes were in the green during the trading session on Thursday. The ruble-denominated MOEX Russia Index grew by 0.13% to 2,846.39 points by the close of business on the Moscow Exchange. The dollar-denominated RTS Index rose by 1.3% to 1,158.82 points, according to trading data.

The dollar dropped by 0.78% to 77.41 rubles. The euro declined by 0.91% and amounted to 91 rubles.

Meanwhile, Brent futures with delivery in December 2020 rose by 1.05% and totaled $43.33 a barrel on the London-based ICE.

Russian stocks were supported by the situation on the energy market, Bogdan Zvarich from Promsvyazbank says. Purchases were also facilitated by the dynamics of Western exchanges. "Main indices added within 1.1% in Europe by night, Dow Jones and S&P 500 rose by 0.1% and 0.5% respectively in the US after early hours of trading," the analyst adds.

The balance of factors influencing on the Russian market will not change materially tomorrow, "in the environment of alerting COVID-19 dynamics in Russia and globally, investors will prefer in part to fix profit before weekends," Alexander Bakhtin from BCS Premier says.

The Russian stock market can be broadly in the green tomorrow, Alexander Osin from Freedom Finance comments.

The MOEX Russia Index is expected to be in the range of 2,800-2,920 points on Friday, BCS Premier says. Freedom Finance predicts the Index range of 2,810-2,870 points by the close of business on Friday.