Trading on the Russian stock market on Tuesday, January 25, closed with a slight increase in the main indices, according to data sites. The Moscow Exchange index rose by 0.73 percent by the close, the RTS — by 0.67 percent.
The supporting factor was the situation on the energy market, Brent was approaching $87 per barrel, but this was not enough for a significant market growth. The leaders of trades were papers of TCS Group and LSR, the growth of which amounted to 5 and 3.3 percent, respectively. PIK and X5 Retail Group traded worse than the market, falling by 12.6 and 6 percent.
In the evening trading, the dollar exchange rate reached 79.14 rubles, the euro exchange rate – 89.19 rubles. Corrective growth continues after a major collapse at the beginning of the week. In conversation with RBC Analyst of the Bank “Saint Petersburg” Viktor Grigoriev stressed that while the situation on the market will depend entirely on geopolitics. However, he believes that the ruble has the potential for strong strengthening if the situation returns to normal.
Earlier it was reported that new restrictions against Russia could affect raw materials and arms exports, as well as diplomatic contacts. The sanctions imply the blocking of Russian trade routes, the export of raw materials and weapons around the world, as well as the reduction in the number of employees of Russian diplomatic missions. Russia’s expected economic losses from the new sanctions are estimated at $50 billion.
It also became known that the United States is developing a plan to diversify gas supplies to Europe if Russia decides to use gas supplies as an instrument of pressure on Europe.
At the same time, the US stock market fell again. The Dow Jones Industrial Average is down 2.08 percent, the Standard & Poor’s 500 is down 2.49 percent and the Nasdaq Composite is down 2.38 percent.
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