15.6 C
New York
Sunday, May 19, 2024

Moscow Stock Market Update: The Moscow Exchange Index grew by 0.5%, the RTS Index lost 0.5%

The Russian stock market, which began trading with a decline in indices, closed Friday without a single dynamic.

European stock markets declined during trading, then rose in price, by the evening they traded in different directions.

Asian stock markets were mostly down on the back of renewed pressure on technology stocks amid rising US government bond yields.

Futures on US indices were down in the morning, began to rise in the afternoon, and then changed without a single dynamic. The American stock market showed a contradictory attitude.

Oil prices continued to rise in the morning on the basis of OPEC + decisions. During the trades, the price of Brent rose above $ 69.2 per barrel, WTI – above $ 66.1. Before the close of the Russian stock market, Brent was given $ 68.8 per barrel, and $ 65.7 for WTI.

In the morning, the Russian stock market sank after the external stock exchanges due to concerns about the growth of UST yields, the pullback was restrained by rallying oil after the OPEC + decisions on quotas for the extraction of raw materials.

In the afternoon, the stock market bounced above 3400 points on the Moscow Exchange index thanks to rallying oil after the OPEC + decision to maintain restrictions on the production of raw materials in April, the restraining factor was the negative dynamics of external stock exchanges due to concerns about the growth of UST yields.

By the evening, the stock market consolidated above 3400 points according to the Moscow Exchange index; LUKOIL shares, which had renewed their maximum since February 2020, and NOVATEK shares were in the lead, while metallurgists’ shares fell.

The Moscow Exchange index by 18:50 Moscow time grew by 0.49% and amounted to 3414.13 points.

By 18:50 Moscow time, the RTS index fell by 0.5% to 1,447.46 points.

Latest Posts

Don't Miss

Stay in touch

To be updated with all the latest news, offers and special announcements.