With the end of the main trading session on the Moscow Stock Exchange, Russian stock indices increased
MOEX rose to 2,400 points with the ruble after news of a Russia-US "diesel deal" was published.
Moscow, October 12. /TASS/. By the end of Monday's main trading session, the ruble-denominated MOEX index rose 3.12 percent to 2,393.83 points, while the dollar-based RTS index rose 4.34 percent to 898.65 points. The exchange rate of the yuan decreased by 16.85 kopecks and reached 12.512 rubles.
MOEX rose to 2,400 points following news that Russia and the United States have struck a 'diesel deal'. Andriy Smirnov, stock market expert at BCS World of Investments, said buying sentiment was also supported by rising oil prices.
Shares of Magnit (+ 6.61%), VK (+ 6.17%), Alrosa (+ 5.54%), Polyus (+ 4.65%), and LSR Group (+ 4.4%) led the gains, according to Faynam Financial Group analyst Dmitry Lozovy.
Meanwhile, Novatek (-3.39%), Surgutneftegas (-2.12%), Lukoil (-2.01%), T-Technologies (-1.95%) and NLMK (-1.77%) experienced a downward trend.
BCS World of Investments expects the MOEX index to stabilize in the 2300-2400 range on Tuesday. Short-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 in the range of 2350-2450 on Tuesday. The dollar, euro and yuan are expected to trade in the range of 82.5-84 rubles, 92-94 rubles and 12.4-12.9 rubles, respectively.