Moscow stock market falls 30 % after attack on Ukraine
After Russia made a first attack on Ukraine, the Moex index showed a 36.3 % drop
The two main selective of the Moscow Stock Exchange fell around 30 % after Russia began a military operation in Ukraine with the aim of demilitarizing and “denazifying” the country, according to Russian President Vladimir Putin.
The Moex index, denominated in rubles, has experienced a fall of 36.3 %, to stand at 1,965.19 points, compared to 3,084.74 integers at which it had closed on Wednesday. Since its highs in the past year, the index has plunged 54 %.
The other great selective of the Russian parquet, the RTS, denominated in dollars, plummeted 41.13 % in the first hours of trading, to 708.86 integers. On Wednesday, the selection had closed at 1,204.11 points. Since its highs in the last year, this index has accumulated a drop of 63 %.
The value of the ruble continues to decline, as in recent weeks. The euro has strengthened by 6.4 %, while the dollar has strengthened by 6.82 %. In this way, the European currency is exchanged in the markets for 97.75 rubles, while the ‘green ticket’ is traded for 86.68 rubles.
K. Tovar
Source: La informacion
