MOEX Index up by 1.18%, RTS Index up by 1.09% as trading closes on Wednesday

TASS Russian News Agency | Jan 12, 2022 at 7:24 PM

MOSCOW, January 12. /TASS/. Active purchases continued on the Russian stock market on Wednesday.

By the end of the trading session, the ruble-denominated MOEX Index increased by 1.18% to 3,829.95 points, the dollar-denominated RTS index went up by 1.09% to 1,612.80 points.

By 08:08 pm Moscow time, the dollar-to-ruble rate rose by 0.3%, to 74.75 rubles, the euro rate increased by 0.75%, to 85.43 rubles.

"Brent oil prices have reached $84, geopolitically there are not any negative signals, external markets are mostly in the black. The December statistics on consumer inflation in the US released during the day, turned out to be generally in line with expectations," investment strategist at BCS World of Investments Alexander Bakhtin said.

"The certainty encouraged investors, although it should be noted that such a high level of consumer prices in the United States has not been observed for four decades. Meanwhile, the coronavirus does not want to give up, on the day of January 11, the number of confirmed cases of the spread of COVID-19 in the world amounted to 2.8 million," the expert added.

On Wednesday, the shares of the following Russian companies showed positive dynamics: Beluga (+4.56%), LSR (+3.45%) and Akron (+4.02%), as well as a number of companies in the oil and gas sector - Lukoil (+1.56%) and Rosneft (+2%), Anna Bodrova, senior analyst at Alpari IAC, said.

On the contrary, the shares of the following companies decreased in price: Fix Price receipts (-2.52%), Aeroflot (-1.33%) after a rather volatile and strong start to the year.

"Without an increase in passenger traffic, it will be difficult for the airline to return to its usual volume of work, and for the shares to go higher than 60-70 rubles," the expert believes.

On Thursday, the Russian market may put be influenced by the results of today's meeting of the Russia-NATO Council. On Thursday, publication of the monthly report of the ECB and the weekly report on the number of applications for unemployment benefits in the US are expected, as well as data on manufacturing inflation in the US in December, said Alexander Bakhtin.

According to BCS World of Investments, on January 13, the MOEX index will be within the range of 3,785-3,885 points, the forecast range of the ruble-to-dollar rate is 74.2-75.2 rubles.

According to Freedom Finance, on Thursday, the ranges of MOEX index and the dollar and euro rates are expected to be 3,795-3,865 points, 74.25-75.35 rubles and 84.45-85.75 rubles respectively.