Stock trading at the Moscow Exchange partially resumed on Thursday, with the MOEX Russia Index closing the day with gains. The stock market last traded on Feb. 25, a day after Russia invaded Ukraine. The Bank of Russia had stated on Wednesday that trading activity would restart on Thursday for 33 shares, with the market remaining open between 9:50 a.m. to 2:00 p.m., Moscow time. Short-selling is banned. The MOEX index rallied on Thursday, closing with a 4.37 percent gain. Oil firm Rosneft rose by 16.97 percent, aluminum company Rusal by 15.81 percent, oil giant Lukoil by 12.41 percent, and Norilsk Nickel by 10.17 percent. Aeroflot, one of the top airlines in Russia, saw shares drop by over 20 percent to eventually close with a loss of 16.44 percent. Russia’s stock trading was slammed by U.S. Deputy National Security Adviser for International Economics Daleep Singh as a “Potemkin market opening.” …
Russian Stock Market Spikes as Trading Resumes, Not ‘Real Market’ Claims US Adviser
March 24, 2022
admin
Business & EconomyEuropeMarketsmoscow exchangemoscow stock exchangeRussia-Ukraine WarRussian marketWorld
0 Comment