The RTS dollar index fell below 1,100 points for the first time since February 28, 2024. This is proven by trade data.
The index fell to 1098 points (-1.34%) at its lowest level compared to Friday’s closing. As of 12:20, the decline improved slightly and reached 1098.8 points.
Moscow Stock Exchange Index (IMOEX) decreased by 0.68% to 3251.22 points as of 10:00 Moscow time. The indicator was last traded below this value on March 1. Trading data shows that at 12:15 Moscow time, the Moscow Stock Exchange index was trading at 3242.41 points, down 0.95%.
“The real decline in the market occurred in the evening session on Friday. If the Moscow Exchange index finished the main session in the red by 0.4%, the decline in IMOEX2 was 1.3%. The current difference between the dynamics of the indicator and the majority of index securities relates precisely to this point. In fact, although we saw a decline in IMOEX, it is currently trading above 3243 points with which the Friday evening session ended,” write BKS-Express analysts.
In addition to the decline in the main indices, analysts warn of a possible adjustment in the ruble exchange rate within a week.
“The ruble has lost very little value against the dollar since the morning. This also shows that there is not only panic in the market, but also a distinct “bearish” sentiment. “We do not exclude that the ruble will try to weaken this week due to the peak of the tax period, but we do not expect a strong decline in the ruble exchange rate,” he said. ALOR BROKER.
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