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Russian stocks down as main trading session opens

The MOEX had extended losses to 0.91% as it traded at 2,794.51 points, while the RTS was down by 0.91% at 1,087.31 points

MOSCOW, May 7. /TASS/. Russia’s stock market went down as the main trading session started on Wednesday as the MOEX Index lost 0.79% to 2,797.08 points, while the RTS Index fell by 0.79% to 1,088.58 points, according to trading data as of 10:00 a.m. Moscow time (07:00 a.m. GMT). The yuan exchange rate against the ruble lost 2.4 kopecks as trading opened compared with previous closing to 11.211 rubles.

By 10:15 a.m. Moscow time (07:15 a.m. GMT), the MOEX had extended losses to 0.91% as it traded at 2,794.51 points, while the RTS was down by 0.91% at 1,087.31 points. The yuan exchange rate was down by 3.75 kopecks at 11.197 rubles.

The MOEX Index (with additional IMOEX2 ticker) edged up by 0.02% as morning trading session started reaching 2,820.73 points, according to trading data as of 7:00 a.m. Moscow time (4:00 a.m. GMT).

On June 13, 2024 the Moscow Exchange suspended trading in the dollar and euro after the US Treasury imposed sanctions against it and the National Clearing Center, part of the Moscow Exchange group. The regulator uses bank reports and information from over-the-counter trading to determine the dollar and euro exchange rates to the ruble.

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