MICEX, RTS indexes falling as trading day ended

TASS Russian News Agency | Jan 15, 2021 at 7:43 PM

MOSCOW, December 25. /TASS/. Russian market indexes ended the trading session on Friday in the red. The MOEX Russia Index declined by 1.14% to 3,450.95 points by the close of business on the Moscow Exchange. The RTS index fell by 1.75% to 1,474.28 points.

The dollar grew by 0.45% against the ruble to 73.55 rubles. The euro lost 0.12% and amounted to 88.96 rubles.

Brent oil futures added 0.31% to reach $55.14 a barrel on the London-based ICE today.

The market mood is under pressure from lockdowns in Europe and new COVID-19 hot spots in Asia, particularly in China, Alexander Bakhtin from BCS Investment World says in a comment. Weak oil prices are normal against such background and unless new support drivers appear, Brent oil prices may well turn to a drop in the direction of $50 a barrel.

"We expect moderate trading activity on Monday; the dynamics of exchange indices can remain controversial," the analyst added. The forecast range for the MOEX Russia Index on Monday is 3,450-3530 point, Bakhtin noted.