The Russian stock market closed down on June 4, 2023, with the MOEX Index declining 0.82% to finish at 2,579.9 points, while the dollar-denominated RTS Index decreased by 2.1% to 1,093.91 points. Analysts, including Lyudmila Rokotyanskaya from BCS World of Investments, noted that the market remains weak, with the MOEX hovering below 2,600 points and lacking growth momentum. Despite high energy prices and the optimistic atmosphere surrounding the St. Petersburg International Economic Forum (SPIEF), these factors have not been sufficient to bolster the market. Notably, shares of Lenta, a retailer, rose by 2% in anticipation of completing a deal to acquire the O'Key hypermarket chain. In contrast, FESCO shares dropped 4.9% following the announcement of its annual general meeting scheduled for June 25, where no dividends will be distributed. Looking ahead, analysts expect the MOEX Index to fluctuate within a range of 2,570-2,600 points, with a tendency to slide towards the lower bound.