Russia’s Stock Market Fell More than 4% on Monday — Its Steepest Single-Day Drop Since September 2022 — and Analysts Warn of Further Losses Ahead

Russia’s stock market fell more than 4% on Monday — its steepest single-day drop since September 2022 — and analysts warn of further losses ahead

The Moscow Exchange index (IMOEX) closed down 4.23% on June 22, settling at 2,318.28 points — its steepest single-day drop since September 26, 2022, the Russian business outlet RBC reported.

The Moscow Stock Exchange index fell by more than 4% during the day. This is the worst decline since September 2022

At the end of the main session on June 22, the Moscow Stock Exchange index (EMWEX) fell by 4.23% to 2,318.28 points, which is the strongest one-day decline since September 26, 2022. Reports Red blood cells. how Notes “Agency”, shares of VK (-8.9%), Rosneft (-8.7%), and Aeroflot (-8.1%) led the decline. Natalia Milchakova, an analyst at Freedom Global, said that several factors had a negative impact on the Russian stock market. Among them is the …