MOSCOW: The Russian stock market ended the trading session on Thursday with a mixed trend, according to Moscow Exchange data. The MOEX Russi...
MOSCOW: The Russian stock market ended the trading session on Thursday with a mixed trend, according to Moscow Exchange data.
The MOEX Russia Index lost 0.03% to 2,774.41 points. The RTS Index edged up by 0.33% to 1,087.97 points. The yuan dropped by six kopecks to 11.62 rubles.
"The dynamics remained inexpressive on the Russian stock market today. Stocks of oil producers appeared slightly better than others in the light of the next upward impulse for oil prices. The stronger ruble became the constraining factor for securities of exporters," Andrey Smirnov from BCS Investment World comments.
Stock market
"Stocks of Segezha lumber group (+3.5%) found themselves among growth leaders, most likely in connection with news that five-storey timber houses made of CLT panels, produced at one of Segezha plants in particular, are allowed for construction in Russia since April 1," Natalia Milchakova from Freedom Finance Global said.
Rosseti stocks fell the most (-3.7%) without any news, she added.
Forecast for April 3
BCS Investment World expects the MOEX Russia Index to be in the corridor from 2,750 to 2,800 points. Freedom Finance Global expects index movements within the range from 2,750 to 2,850 points.
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