Russian Stock Market Opens Lower Amid Currency Weakness
Russian stock market declines at opening of main Moscow Exchange session
Тасс
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On May 26, the Russian stock market opened lower, with the MOEX and RTS indices declining by 0.36% shortly after trading began. The yuan also weakened against the ruble, affecting the exchange rate.
- 01The MOEX index opened at 2,592.34 points, down 0.23%.
- 02By 10:15 a.m., the MOEX index further declined to 2,588.76 points, a drop of 0.36%.
- 03The RTS index started at 1,141.43 points and fell to 1,139.85 points, also down 0.36%.
- 04The yuan-to-ruble exchange rate decreased to 10.5775 rubles, down by 2.95 kopecks.
- 05Overall market sentiment appeared negative at the start of the trading session.
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The Russian stock market experienced a decline at the start of the main trading session on May 26, according to data from the Moscow Exchange. The MOEX index initially dropped 0.23% to 2,592.34 points, while the RTS index fell to 1,141.43 points, marking a similar decline. By 10:15 a.m. Moscow time, the MOEX index further decreased to 2,588.76 points, reflecting a total decline of 0.36%. Concurrently, the yuan weakened against the ruble, with the exchange rate falling to 10.5775 rubles, a decrease of 2.95 kopecks. This trend indicates a negative market sentiment at the opening of the session.
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The decline in the stock market and currency may affect investor confidence and economic outlook in Russia.
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