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Russian Stock Market Index Drops Below 1440 Points Amidst Global Market Volatility

Strategic Insights

— 1 min read

The Russian stock market experienced a significant decline on Thursday, with the MICEX index dropping below 1440 points in response to negative news from Europe, particularly the relatively unsuccessful sales of French bonds. The economic downturn affected trading floors across the world, leading to a 0.8% decrease in the MICEX index by 4:30 p.m. Moscow Time. The RTS index also fell, down 1.2%, and blue chips dropped by a maximum of 2%.

Key Takeaways:

  • The MICEX index closed at 1436.49 points, a 0.8% decrease from the previous day, with a maximum of 1458.13 points reached during the session.
  • The RTS index closed at 1416.7 points, a 1.2% decrease, with a maximum of 1432.89 points reached during the session.
  • Blue chips experienced a maximum decrease of 2%, with significant losses seen in companies such as Norilsk Nickel, Gazprom, and Sberbank of Russia.
  • Notable gains were seen in companies like Pharmacy Chain 36.6, TMK Pipe Metallurgical Company, and MRSK Holding, which rose by 6.2%, 2.6%, and 1.8% respectively.
  • Share-trading on the main MICEX-RTS amounted to 17.2 billion rubles, with 6.6 billion rubles involved in deals for Sberbank ordinary shares.

Statistics:

  • 1436.49: The final value of the MICEX index for the day.
  • 0.8%: The decrease in the MICEX index by 4:30 p.m. Moscow Time.
  • 1416.7: The final value of the RTS index for the day.
  • -1.2%: The decrease in the RTS index by 4:30 p.m. Moscow Time.
  • 2%: The maximum decrease in blue chips.
  • 6.2%: The increase in Pharmacy Chain 36.6 shares.
  • 17.2 billion rubles: The total volume of share-trading on the main MICEX-RTS.
  • 6.6 billion rubles: The volume of deals for Sberbank ordinary shares.
  • $177.3 million: The volume of share-trading on the Standard sector.

Sources:

  • Interfax, "Russian stock market index drops below 1440 pts", MOSCOW, Dec 28.

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