Business · Markets · 8 hrs ago

Russian stock indices finish Friday mixed

Russian stock indices finish Friday mixed

Russian stock trading finished Friday with mixed results on the Moscow Exchange.

The ruble-denominated MOEX Index rose 0.34% to 2,463.82 points, while the dollar-denominated RTS Index fell 0.08% to 944.94.

The MOEX had moved within a range of 2,450 to 2,480 points during the week, and an analyst described market sentiment as favorable for buying.

Segezha Group shares rose 10.39%, in a rally an analyst said appeared speculative and lacked major company news.

VK shares fell 3.45% as investors took profits after a sharp rise over several days.

Analysts gave different forecasts for the next session: one expected the MOEX to trade between 2,420 and 2,520 points, while another projected a range of 2,450 to 2,550.

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What people are saying

Andrey SmirnovStock market expert at BCS World of Investments
Overall, market sentiment remained favorable for buying.
via TASS
Vladimir ChernovAnalyst at Freedom Global
This rally occurred in the absence of any major corporate drivers and appears to be speculative.
via TASS