MICEX, RTS indexes close mixed as trading day ended

TASS Russian News Agency | Nov 27, 2020 at 7:35 PM

MOSCOW, November 27. /TASS/. Russian market indexes ended the trading session on Friday with mixed dynamics. The MOEX Russia Index gained 0.13% to 3,142.68 points by the close of business on the Moscow Exchange. The RTS index dropped by 0.36% to 1,302.43 points.

The dollar moved up by 0.26% against the ruble to 75.97 rubles. The euro added 0.62% and climbed to 90.87 rubles.

Brent oil futures surged by 0.13% to $48.02 a barrel on the London-based ICE today.

The dynamics of Western exchanges was the main supporter of the Russian stock market during the trading session on Friday, PSB analyst Bogdan Zvarich says. "The key indices in Europe added within 0.8% in Europe by night, while Dow Jones and S&P 500 gained 0.1% and 0.3% respectively in the US after first trading hours," the analyst adds.

"Much will depend on the outcome of the OPEC+ meeting in the middle of the next week for the oil price situation. Therefore, oil prices may have higher volatility during first days of the week, Alexander Bakhtin from BCS Investment World says in a comment. At the same time, negative epidemiological news continue limiting the risk appetite of investors, despite positive expectations from coronavirus vaccines, the analyst adds.

The forecast range of BCS Investment World for the MOEX Russia Index is 3,090-3,160 points on Monday.