
Russian Stocks Close Higher as MOEX Index Rises 0.44%
The Moscow Exchange Russia Index closed slightly higher, reflecting modest gains in the domestic equity market amid ongoing trading conditions.
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The Moscow Exchange Russia Index closed slightly higher, reflecting modest gains in the domestic equity market amid ongoing trading conditions.
The Russian stock market has been in a significant downturn, experiencing 17 consecutive weeks of decline. Experts suggest this indicates a failure of Putin's economic plans, with only selling activity observed on the Moscow exchange.
The Moscow Exchange Index fell 2.45% during trading on July 6, dropping to 2,187.83 points, marking a three-year low for Russian stocks.
Russia's Federal Security Service (FSB) and Investigative Committee have charged three Russian citizens for using Telegram channels to manipulate securities on the Moscow Exchange. The FSB stated it had disrupted their activities.

Ukraine celebrated its Independence Day under continued Russian bombardment, while Russia's President Putin signed a decree allowing state takeover of infrastructure whose owners fail to protect it from drone attacks. Meanwhile, the UK pledged to help Ukraine manufacture missiles and signed an AI agreement for battlefield data sharing.
Russia's Moscow Exchange index dropped below 1,900 points at Monday's open, marking its lowest level since October 10, 2022.
The Moscow Exchange index (IMOEX) fell over 4% on Monday, June 22, marking its largest single-day decline since September 2022, with analysts predicting further losses.

Shares of Russia's Ozon marketplace fell by nearly a third after drones attacked its warehouses across various regions for the third consecutive day, with prices on the Moscow Exchange dropping by 12.7%.

Shares of Russia's state gas giant Gazprom have fallen by 5% to an all-time low on the Moscow Exchange, reaching their cheapest price in 20 years. This significant drop reflects a challenging period for the company.

Russia is preparing for its Victory Day celebrations, with reports highlighting a limited number of foreign leaders expected to attend. Concurrently, the Kremlin has stated that President Putin is ready for negotiations with European countries but will not initiate the first step.