24.03.2020, 09:30
The Russian Stock Market Opened with an Increase in Indices of 6-7.8%
Source: OREANDA-NEWS
OREANDA-NEWS. The Russian stock market opened on Tuesday with the growth of key stock indexes amid rising oil prices. So, at the beginning of trading, the Moscow Exchange index added 6% and reached the level of 2388.07 points, the RTS index rose 7.8% to 953.21 points.
Against this background, the Russian currency is strengthening. Thus, the dollar exchange rate decreased by 1.4% compared with the previous bid closing level and amounted to 78.5 rubles, and the euro exchange rate - by 0.53%, to 85 rubles, according to the Moscow Exchange at 10:13 Moscow time. The cost of futures for Brent crude oil for delivery in May 2020 during trading on the ICE exchange in London is growing by 4.4% - up to $ 28.22 per barrel.
In addition, Rosneft's securities at the opening of the Moscow Exchange soared at a price of 10% to the closing level of the previous session amid news of the start of the repurchase of shares in the company. The stock price at the moment reached 301.25 rubles per share, follows from the trading data.
Against this background, the Russian currency is strengthening. Thus, the dollar exchange rate decreased by 1.4% compared with the previous bid closing level and amounted to 78.5 rubles, and the euro exchange rate - by 0.53%, to 85 rubles, according to the Moscow Exchange at 10:13 Moscow time. The cost of futures for Brent crude oil for delivery in May 2020 during trading on the ICE exchange in London is growing by 4.4% - up to $ 28.22 per barrel.
In addition, Rosneft's securities at the opening of the Moscow Exchange soared at a price of 10% to the closing level of the previous session amid news of the start of the repurchase of shares in the company. The stock price at the moment reached 301.25 rubles per share, follows from the trading data.
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