Business · Markets · 8 hrs ago

Russian stocks close mixed as MOEX falls and RTS rises

Russian stocks close mixed as MOEX falls and RTS rises

Russia’s main stock indexes moved in opposite directions at the close of trading in Moscow on Thursday.

The MOEX, which tracks ruble-priced shares, fell 0.71% to 2,429.51 points, while the dollar-denominated RTS rose 0.33% to 943.41.

High oil prices helped limit the MOEX decline, with oil climbing above $112 a barrel, while investors were also awaiting a central bank meeting.

Acron shares led the gainers, rising 2%, while Rosseti Center fell 5.9%, the biggest drop among the listed decliners.

Analysts expect the MOEX to stay between 2,400 and 2,500 points on Friday, though their forecasts differ on currency rates.

The yuan closed at 12.165 rubles, and analysts said a break below 12.25 could open the way to 12 rubles.

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What people are saying

Andrey SmirnovStock market expert at BCS World of Investments
The MOEX Index continued to cool off following a wave of gains.
via TASS
The correction was limited by high oil prices, which climbed above $112 today.
via TASS