Business · Markets · 8 hrs ago

Russian stock indexes rise as MOEX closes above 2,500 points

Russian stock indexes rise as MOEX closes above 2,500 points

Russia’s stock market ended Tuesday higher, with the MOEX Index up 0.76% and the RTS Index up 0.71%.

The MOEX, which is priced in rubles, closed at 2,510.38 points, while the dollar-priced RTS ended at 982.02.

The MOEX closed above the 2,500-point mark, a level analysts say the index needs to hold above.

Some investors may sell shares to take quick profits, according to BCS World of Investment.

The ruble lost 0.45 kopecks against the yuan, which was worth 12.081 rubles.

One forecast puts the MOEX between 2,450 and 2,550 on Wednesday, with the dollar expected to trade at 80–82 rubles and the yuan at 12–12.4 rubles.

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