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Russian Stock Market Slides on Friday Amid Global Market Decline

Strategic Insights

— 1 min read

The Russian stock market experienced a decline on Friday, following a surge the previous day, as global stock markets began to show signs of weakness. The MICEX stock index dropped 0.65% to 1537.4 by 11:20 a.m. Moscow time, while the RTS index fell 2.3% to 793.4. The majority of ruble-denominated blue chips on the Moscow Exchange (MOEX) declined, with Acron (MOEX: AKRN) leading the pack with a 2.4% drop.

Key Takeaways:

  • The Russian stock market declined on Friday, with the MICEX stock index dropping 0.65% to 1537.4, while the RTS index fell 2.3% to 793.4.
  • The majority of ruble-denominated blue chips on the Moscow Exchange (MOEX) fell, with Acron (MOEX: AKRN) experiencing a 2.4% decline, followed by Lukoil (MOEX: LKOH) with a 2.2% drop.
  • Polysus Gold (MOEX: PLZL) and Sberbank (MOEX: SBER) declined by 1.7% and 1.6% respectively, while AFK Sistema (MOEX: AFKS) and Gazprom Neft (MOEX: SIBN) both dropped by 1.1%.
  • On the other hand, Surgutneftegaz (MOEX: SNGS) prices grew by 1.8%, while Transneft (MOEX: TRNF) and MTS (MOEX: MTSS) saw increases of 1.6% and 1.5% respectively.

Statistics:

  • The MICEX stock index dropped by 0.65% from the previous day.
  • The RTS index fell 2.3% to 793.4.
  • Acron (MOEX: AKRN) led the pack with a 2.4% decline, followed by Lukoil (MOEX: LKOH) with a 2.2% drop.
  • 15 out of 19 ruble-denominated blue chips on the Moscow Exchange (MOEX) fell, with the remaining 4 experiencing increases.
  • The biggest losers were Acron (MOEX: AKRN), Lukoil (MOEX: LKOH), and Polysus Gold (MOEX: PLZL), while the biggest gainers were Surgutneftegaz (MOEX: SNGS), Transneft (MOEX: TRNF), and MTS (MOEX: MTSS).

Sources:

  • Interfax, "Russian stock market slides on Friday on back of declining global stocks" (January 9)

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