Russian stock indices mixed by end of trading session on Tuesday

TASS Russian News Agency | Feb 16, 2021 at 6:04 PM

MOSCOW, February 16. /TASS/. The Russian stock indices showed mixed dynamics by the end of the trading on the Moscow Exchange on Tuesday.

The ruble-denominated MOEX Russia Index rose by 0.38%, to 3,495.26 points, the dollar-denominated RTS Index fell by 0.12% to 1,494.58 points.

As of 7:05 p.m. Moscow time, the dollar-to-ruble rate rose by 0.24% to 73.57 rubles, the euro-to-ruble rate went up 0.15% to 89.13 rubles.

Strong technical resistance in the area close to historical highs as well as the decline of growth impact on foreign markets hampered further growth for the Russian indices, investment strategist of BCS World of Investments Alexander Bakhtin said.

"According to media reports, a new strain of coronavirus with a "potentially alarming set of mutations," has been identified in the UK. Under these conditions, the February ZEW index of economic sentiments in Germany, which showed an increase to 71.2 points against a forecast of 59.6 points, did not have much impact on the general mood," the expert said.

In turn, oil prices, fueled by the news of abnormal frosts in Texas, remain close to $63, but are losing confidence amid general "overheating".

TCS Group receipts (+ 3.69%) and shares of M.Video (+ 2.63%) and Gazprom (+1.25%) were leaders of growth on Tuesday.

Shares of Alrosa (-2.36%), Yandex (-2.11%), Moscow Exchange (-1.66%) and MMC Norilsk Nickel (-0.33%) traded under pressure.