Russian Stocks Hit Three-Year Low as 15-Week Losing Streak Deepens

Roman Kohanets

12d ago· 3 min readenNews

Summary

Russian stocks plunged over 4% on June 22, with the MOEX index falling below 2,368 points for the first time since March 2023, extending a 15-week losing streak. The selloff was driven by geopolitical tensions, including Ukrainian drone attacks disrupting airport operations (hitting Aeroflot shares down 6%), and a cautious Central Bank stance. The digital real estate marketplace Tsian was among the worst performers, dropping over 14%. The decline marks the lowest level for Russian equities in over three years.

Source

bskyRussian Stocks Hit Three-Year Low as 15-Week Losing Streak Deepensunited24media.com

Key quotes

· 3 pulled

Russian stocks plunged more than 4% on June 22, sliding to their lowest level in over three years as a 15-week losing streak deepened

The benchmark MOEX index dipped below 2,368 points during afternoon trading, its first time under that mark since March 2023

Aeroflot dropped over 6% as flight operations face constant disruptions at airports caused by Ukrainian drone attacks

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Russian stocks plunged over 4% to their lowest level since March 2023, extending a 15-week losing streak amid geopolitical tensions and a cautious Central Bank.

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