The MOEX Index, the Russian stock market rose strongly today. It is the first day since Russia launched a military invasion of Ukraine last month.
The MOEX index rose 12% initially before slowing down. and rose only 6.55% at 16.25 Thai time
The Russian stock market opened for trading in 33 of the 50 companies between 10 a.m. and 2 p.m. local time today. This includes the shares of large companies such as Gasprom. and sburbank
However, the White House said Russian stock market opening today It is considered to be a show “Pahee”.
“Russia has clearly shown that they will invest government resources to trick stocks into rebounding. This is not a real market. and not a sustainable model But it emphasizes that Russia is being isolated from the global financial system,” said Daleep Singh, deputy US national security adviser.
Earlier, Russian stock markets were expected to plunge heavily. After returning to open new trading today But the Russian central bank has imposed regulations to prevent market subsidence. Investors will not be able to short sell stocks in the market. And foreign investors will not be able to sell shares. or OFZ ruble bond until April 1
The government also announced an injection of $10 billion from state sovereign funds to support the market. But it was not disclosed how much the Russian government took from the fund today.
Russian stock markets sank 50 percent on Feb. 24, the day Russia began its attack on Ukraine. The investors began selling their shares in panic. The Russian central bank has suspended trading on its shares since Feb. 25, before allowing the market to reopen today. This was the longest trading closure in the history of Russian stock markets.
