The dollar-to-ruble rate edged down by 0.01% to 91.15 rubles, while the euro-to-ruble rate went down by 0.38% to 98.61 rubles
MOSCOW, February 29. /TASS/. The Russian stock market ended the trading session on Thursday in the green, according to the Moscow Exchange.
At the end of the day, the MOEX index rose by 0.92% to 3,256.8 points, the RTS index went up by 1.12%, to 1,127.32 points.
The yuan-to-ruble rate decreased by 0.16% to 12.582 rubles, the dollar-to-ruble rate edged down by 0.01% to 91.15 rubles, the euro-to-ruble rate went down by 0.38% to 98.61 rubles.
“By the evening of Thursday, February 29, the Russian stock market, after statements by Russian President Vladimir Putin in his annual address to the Federal Assembly and amid a confidently rising ruble, ended trading in the green zone,” said Freedom Finance Global leading analyst Natalya Milchakova.
The strengthening of the ruble and a slight minus for oil “didn’t bother buyers much,” and trading participants positively assessed the economic block of the Russian President’s address to the Federal Assembly, noted investment strategist at BCS World of Investments Alexander Bakhtin.
By the end of the trading session, the growth leaders were the securities of M.Video (+7.42%), Aeroflot (+3.3%), Sovcomflot (2.31%) and MMK shares (+2.17%).
The leaders of the decline were Qiwi depositary receipts (-6.8%), receipts of Etalon (-4.11%), preferred shares of Mechel (-3.08%), and securities of TGK-1 (-1.45%).
According to a forecast by the BCS World of Investments, on Friday, March 1, the MOEX index will trade in the range of 3,175-3,275 points, the dollar-to-ruble rate will be in the range of 90.5-92.5 rubles.
According to Freedom Finance Global, the MOEX index will spend Friday in the range of 3,200-3,300 points. The dollar-to-ruble rate will trade in the range of 89.5-92 rubles. Forecast for the euro-to-ruble rate is 97-99 rubles, for the yuan-to-ruble rate is 12.5-12.9 rubles.
Source: Tass
