MOEX Russia, RTS indexes close mixed by end of trading session on Tuesday

TASS Russian News Agency | Jan 12, 2021 at 6:08 PM

MOSCOW, January 12. /TASS/. Russian market indices ended the trading session on Tuesday with mixed dynamics. The ruble-denominated MOEX Russia Index dropped 0.31% to 3,471.65 points by the close of business on the Moscow Exchange. The dollar-denominated RTS Index gained by 0.56% to 1,484.96 points, according to trading data.

"On Tuesday, the Russian stock market failed to retain the previously reached heights, despite the persistence of a moderately positive external environment," chief analyst at PSB Bogdan Zvarich said.

The situation on the energy market supported the shares trading. The price of a futures contract for Brent crude renewed local highs and gained a foothold above $56 per barrel.

Also, purchases on the Russian market were facilitated by the dynamics of Western sites.

"While in Europe the main indices were consolidating at the previous day's closing levels by the evening, in the US after the first hours of trading the Dow Jones and S&P500 added within 0.2%," Zvarich added.

On Tuesday, traders were held back by the information about the postponement of the mass vaccination in the UK.

"This can happen in other countries as well. Investors are still paying attention to the epidemiological situation," Alexander Bakhtin, investment strategist at BCS World of Investments, said.

As of 7:17 pm Moscow time, the dollar-to-ruble rate decreased by 0.98%, to 73.68 rubles, the euro rate fell by 1.2%, to 89.59 rubles.

The Russian currency was strengthening due to the suspension of the rally of the American currency in the world market, as well as with the support from a new round of growth in oil prices, said Anna Bodrova, senior analyst at IAC Alpari.