Experts note that the Russian stock market has been under seller… (акция · рынок · дивиденд)
Experts note that the Russian stock market has been under seller pressure since March-April of this year, but its most active decline is observed from June, particularly following the Central Bank's meeting on June 19. The meeting failed to meet market expectations regarding the pace of key rate cuts (the rate was reduced by only 25 basis points to 14.25% annually, whereas markets had predicted a reduction of 50 basis points), and overall maintained a tougher tone than anticipated.
Consensus
- The Russian stock market declined on July 16, 2024.
- The MOEX Index fell to a new low since September 2022.
- VTB shares reached a historical minimum of 57.8 rubles.
- Dividend adjustments (dividend stripping) contributed to the decline in stock prices.
- Geopolitical news and expectations about future Central Bank interest rate decisions influenced market movements.
Points of divergence
- The MOEX Index closed at 2022.27 points, a decline of 4.24%, the largest since September 26, 2022. — kommersant
- The MOEX Index reached a low of 2033.5 points during trading on July 16, updating its minimum from October 2022. — interfax
- The RTS Index fell by 4.7% to 813.43 points. — kommersant
- No specific closing value was provided for the RTS Index, only that it declined alongside other indices. — interfax
- The decline in VK shares was 12.7% and Polюs - 10.6%. — kommersant
- No specific figures were given for the performance of VK or Polюs, only that most liquid Russian stocks declined between 2% and 11%. — interfax
Coverage (3 sources)
- Russian stock market sets September 2022 minimum — Коммерсантъ
- VTB shares fell by 6% to a new historical low of 57.8 rubles — Интерфакс
- Moscow Exchange and RTS indices fell by 1.9% at the start of main trading — Интерфакс