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Russian stock indexes close mixed as MOEX rises and RTS falls

Russian stock indexes close mixed as MOEX rises and RTS falls

Russian stocks ended Monday’s main session mixed, with the MOEX Index up 0.38% and the dollar-denominated RTS Index down 0.37%.

The MOEX closed at 2,473.14 points, while the RTS ended at 941.46 points.

Traders weighed new inflation figures: weekly inflation edged down for the first time since mid-August, and the annual rate fell below 7%.

Falling oil prices put pressure on shares, though a weaker ruble partly offset the impact for exporters, while most metals rose in price.

Eurotrans shares plunged 20.1% after reports that the Trassa gas station chain had stopped operating and its lessor had seized 57 stations.

Analysts expect the MOEX to move within a range in the next session, but their forecasts differ: one expects 2,420 to 2,520 points, and another 2,400 to 2,550 points.

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Andrey SmirnovStock market expert at BCS World of Investments
Market participants priced in inflation data from the Federal Statistics Service: the weekly figure showed a marginal decline for the first time since mid-August, while the annual rate fell below 7%.
via TASS