The stock exchange in Moscow is partially open again.
(Photo: Imago)
Moscow After the opening of the stock market in Moscow for local investors, Russian stocks rose on Thursday. To limit a sell-off after invading Ukraine, Moscow shut down the country’s main stock exchange for almost a month.
The leading Russian index Moex Russia gained eleven percent by 10:15 a.m. local time. The Moscow Stock Exchange resumed trading in 33 Russian stocks, including some of the largest companies, for a shortened four-hour trading session.
Oil giant Lukoil and gas giant Gazprom were among the biggest climbers, while Aeroflot fell. Other oil companies also outperformed. Trading had previously halted when Russia’s main stock index, RTS, plummeted shortly after Russia’s February 24 attack on Ukraine. The prospect of an opening initially remained unclear. Russian government bonds have been trading again since March 21st.
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