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Russian Stock Market Plummets After Downed Warplane

Strategic Insights

— 1 min read

The Russian stock market suffered significant losses on Tuesday, November 24, after a Russian warplane was downed near Turkey's border with Syria. The MICEX stock index plummeted 3.1%, its largest decline since March, closing at 1810.05. The RTS index fell 3.3% to 867.54. The ruble depreciated against major currencies, and trading volume on the Moscow Exchange reached 54.471 billion rubles, with Sberbank ordinary shares accounting for 16.553 billion rubles.

Key Takeaways:

  • The MICEX stock index dropped 3.1% to 1810.05, its largest decline since March.
  • The RTS index fell 3.3% to 867.54.
  • VTB led the decliners with a 4.6% drop, followed by Gazprom, Gazprom Neft, Lukoil, and Magnit, each falling between 2.9% and 4.2%.
  • Only Bashneft, backed by a strong Q3 financial report, managed a slight gain of 0.1%.
  • Trading volume on the main Moscow Exchange market reached 54.471 billion rubles.

Statistics:

  • MICEX stock index declined 3.1% to 1810.05.
  • RTS index fell 3.3% to 867.54.
  • Trading volume on the Moscow Exchange: 54.471 billion rubles.
  • Sberbank ordinary shares accounted for 16.553 billion rubles of trading volume.
  • VTB declined 4.6%, leading the list of decliners.

Sources:

  • Interfax, Nov 24.

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