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Russian Markets Closed Today At A Lower Mark

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Russia stock exchange closed session lower on 05 April 2021, weighed down by profit-taking in selected heavyweights led by Oil and Gas, Electric resources, and Metals and Mining sectors Monday.

The MOEX Russia index reduced 0.94percent to 3,524.93 during the closing of Main trading session. The index opened 2.98 points lower at 3,555.24 and moved between 3,516.22 and 3,555.83 each day. The return in primary MOEX Index is at 52.49 billion rubles which are Russian. The RTS Index was down 0.65% to 1,457.13 after moving between 1,446.29 and 1,465.04 during the day.

Nearly all of MOEX indices that are sectoral lower. Included in this, the Oil and Gas dropped 1.47% to 8,284.24. Electric utilities index dropped 0.59percent to 2,239.70.

The Telecoms Index shed 0.21% to 2,297.88. Metals and Mining Sector Index shed 0.54percent to 10,631.08. Chemical sector index dropped 0.24percent to 21,683.09. Financial index added 0.65% to 11,309.98. Consumer sector index rose 0.05percent to 9,043.23. Transport sector index jumped 0.2per cent to 1,326.93. In the currency market, USD/RUB decreased 0.1625 to 76.3900.

The rouble could recover to 76 per buck on Monday since the environment that is geopolitical reasonably relaxed throughout the week-end and demand for risky assets, including appearing market ones, ought to be high, analysts from Sberbank CIB said in a note.

The rouble can also be under stress after NATO voiced concern week that is final just what it stated was a big Russian army build-up near eastern Ukraine so that as Russia stated a serious upsurge in the conflict in Ukraine’s Donbass area could “destroy” Ukraine.

Early in the day in the session, the finance ministry added downside stress on the rouble by saying it could increase purchases which can be daily FX state coffers into the thirty days ahead, Meta News found. Russia stock exchange closed session lower.

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