Russian equity markets closed in the red on Thursday, with both major indices posting losses as selling pressure persisted.
The ruble-denominated MOEX Index dropped 1.53% to finish at 2,186.75 points, while the dollar-denominated RTS Index declined 0.92% to 907.25 points.
The session’s losses extend a broader downward trajectory for Russian equities.
The market has accelerated its decline recently, recording its sharpest weekly drop in almost four years.
This sell-off marks the culmination of a 3.5-month bearish phase that has systematically eroded investor confidence in the region’s equity markets.
Trading began with immediate pressure, as both indices shed 0.81% in the early stages of the main session.