Russian stock market reopens for first time in a month

Russia’s stock market reported gains during limited trading on Thursday as it reopened for the first time since the initial stages of President Vladimir Putin’s invasion of Ukraine.

Trading of a limited number of stocks including energy giants Gazprom and Rosneft took place under curbs that are meant to prevent a repeat of the massive selloff that took place Feb. 24 in anticipation of Western economic sanctions.The benchmark MOEX index gained 8% in the first minutes of trading. The reopening of stock trading on the Moscow Exchange has little impact on investors outside Russia. Its market capitalization, which totals $773 billion, is a fraction of that of major Western or Asian markets.is roughly $28 trillion.

In the days after the invasion began, MSCI Inc., the global equity index, declared the Russian stock market “uninvestable” for foreigners. MSCI removed the Moscow Exchange from global indexes. A day after President Vladimir Putin launched the invasion of Ukraine, the Moscow Exchange saw a massive sell-off, prompting the central bank to shut down trading for weeks.The invasion prompted Western governments led by the United States and the European Union to impose sanctions on the Russian economy.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia-Ukraine live updates: US slams Russia's plans to partially reopen stock market📸 A firefighter works at a residential district in Kyiv that was damaged by shelling, as Russia's invasion of Ukraine continues. 🙏🙌🇺🇦🇿🇦 Tenancingo, Mexico, the sex trafficking capital of the world, is the single largest source of sex slaves sent to the US, according to US State Department. Organized criminals are taking advantage of the Ukraine war as they enslave more children for world consumption Shame on us.
Source: ABC - 🏆 471. / 51 Read more »

Russian stocks surge after reopeningRussian stocks surged upon their reopening for the first time in a month, demonstrating the impact of new restrictions that effectively isolate international... Lmao. Very misleading headline
Source: MarketWatch - 🏆 3. / 97 Read more »

Russian stock market, crushed by war, will partially reopen ThursdayRussia plans to reopen its stock market for limited trading on Thursday, nearly one month after shares plunged and the exchange was shut down following the... No it’s not Is there anything left?
Source: MarketWatch - 🏆 3. / 97 Read more »