Russian stock indices up as main trading session closes on Moscow Exchange
Quick Look
- The MOEX Index rose 3.12% to 2,393.83 points and the RTS Index climbed 4.34% to 898.65 points by Monday's close, driven by news of a Russia-US diesel deal and rising oil prices.
- Leading gainers included Magnit, VK, Alrosa, Polyus, and LSR Group, while Novatek, Surgutneftegas, Lukoil, T-Technologies, and NLMK declined.
- Forecasts for Tuesday suggest the MOEX Index will trade between 2,300-2,450 points, with the ruble expected to range from 82.5-85 per dollar and 12.4-12.9 per yuan.
AI-generated summary
Why It Matters
The report covers Monday's trading session on Russian stock exchanges, highlighting index and currency movements following geopolitical and commodity market developments.
MOSCOW, October 12. /TASS/. By the close of the main trading session on Monday, the ruble-denominated MOEX Index had risen by 3.12% to 2,393.83 points, while the dollar-denominated RTS Index climbed 4.34% to 898.65 points. The yuan exchange rate edged down by 16.85 kopecks to 12.512 rubles.
"The MOEX Index rose toward the 2,400-point mark following news that Russia and the US had struck a 'diesel deal.' Buying sentiment was also supported by rising oil prices," said Andrey Smirnov, a stock market expert at BCS World of Investments.
Stock market
Shares of Magnit (+6.61%), VK (+6.17%), Alrosa (+5.54%), Polyus (+4.65%), and LSR Group (+4.4%) led the gains, according to Dmitry Lozovoy, an analyst at Finam Financial Group.
Meanwhile, Novatek (-3.39%), Surgutneftegas (-2.12%), Lukoil (-2.01%), T-Technologies (-1.95%), and NLMK (-1.77%) paced the declines, the analyst added.
Forecast for October 13
BCS World of Investments expects the MOEX Index to consolidate within the 2,300-2,400 range on Tuesday. The near-term expectations for the ruble exchange rate are 83-85 rubles per dollar and 12.45-12.65 rubles per yuan.
According to Freedom Global, the MOEX Index may fluctuate within the 2,350-2,450 point range on Tuesday. The dollar, euro, and yuan are projected to trade in the ranges of 82.5-84 rubles, 92-94 rubles, and 12.4-12.9 rubles, respectively.
What to Watch
AI outlook β possibilities, not facts
The MOEX Index will consolidate within the 2,300-2,400 range on Tuesday
Likely Β· Within days
The MOEX Index may fluctuate within the 2,350-2,450 point range on Tuesday
Possible Β· Within days
The ruble will trade in the range of 83-85 rubles per dollar on Tuesday
Likely Β· Within days
Open Questions
- What are the specific terms of the Russia-US diesel deal?
- How long will the diesel deal arrangement last?
- What specific factors are driving the divergent performance between energy stocks and other sectors?
