MOSCOW, April 2. /TASS/. The MOEX Russia Index is in the red for eleven trading days in a row since March 19, according to market data.
"The MOEX Russia Index remained under pressure of sellers on Wednesday. The market is declining continuously since March 19. Non-materialized expectations of quick improvements in geopolitics, next sanction threats and risks that the Bank of Russia will keep the monetary policy tough for a longer period are main drivers of the current wave of taking profits," analyst Alexander Shepelev from BCS Investment World said.
The MOEX Russia Index dropped from 3,223.14 points on March 19 to 2,926.39 points on April 2. The Russian stock market plunged in total by 10.16% from March 19 to April 2.