Russian stocks fall on Thursday’s early trade

Russia’s stock market saw declines during Moscow Exchange’s opening trade on Thursday, with the MOEX down 0.75 per cent to 3,178.96 points.

The dollar-denominated RTS went down by the same percentage to record 1,138.64 points as of 10:15 a.m. local time (07:15 a.m. GMT).

Simultaneously, the yuan strengthened against the rouble in forex trading, rising by 5.2 kopecks to 11.955 roubles.

Earlier at 10:00 a.m. (07:00 a.m. GMT), the MOEX Index was down 0.39 per cent to 3,190.58 points, and the RTS Index, also dropped by 0.39 per cent to 1,142.8 points. Meanwhile, the yuan exchange rate increased by 7.5 kopecks to 11.978 roubles compared to the previous closing.

Recently, on June 12, the US Treasury imposed sanctions on the Moscow Exchange and its subsidiary, the National Clearing Centre.

In response, the Moscow Exchange announced the suspension of dollar and euro trading on June 13. Despite this, the Bank of Russia assured citizens and companies that they could still conduct transactions in dollars and euros, using bank reports and over-the-counter trading data to determine exchange rates.

Attribution: TASS