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The Russian stock market shows a fall in the morning trading session.
According to the exchange, the ruble index of the Moscow exchange with an additional code (IMOEX2) lost 2.63% by 9:20 Moscow time, falling to 3246.2.
As Prime recalls, by 8.18 Moscow time, the ruble index of the Moscow Exchange with an additional code (iMOEX2) fell by 2.93% to 3231.43 points. It had previously fallen to 3205.58 points, the lowest level since December 22, 2020. Tuesday’s main session closed at 3328.94 points.
The day before, the Russian stock market experienced a serious collapse since March 2020, losing all of last year’s growth – more than 15%, RBC clarifies. At the end of the main session, the Moscow Exchange index fell by 6.5%, reaching 3328.94 points, and the RTS index – by 7.29%, to 1367.45 points. The minimum value of the main index of the Moscow Exchange for the Russian stock market was 3297.12 points.
Earlier, Associate Professor of the Department of Economics at the RANEPA, Artem Golubev, said that any aggravation of the situation in 90% of cases turns out to be a way to play on panic, and the current collapse of the Russian stock market is no exception. According to him, any panic should be assessed with a cool head – with a high degree of probability, the market will calm down soon.
Upd, 09:52. By 9:44 the index bounced back and is 3278.27 points (-1.52%).
Source: Rosbalt
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