Russian market falls following collapse on foreign exchanges

12:00 - 5.08.2024


August 5, Fineko/abc.az. The Russian market opened trading with a drop on Monday, August 5. The Moscow Stock Exchange index in the first minutes was down 1.36%, to 2,859.48 points, the RTS index also decreased by 1.36%, to 1051.12 points.

ABC.AZ reports that shares of oil companies are noticeably declining amid falling oil prices - Gazprom Neft securities are losing 2.51%, RussNeft - 3.13%, LUKOIL - 1.29%, and Rosneft - 1.36%. Thus, the October futures for Brent falls by 0.9% to $76.12 per barrel, the contract for Light for September delivery falls by 0.98% to $72.8 per barrel.

The decline in the Russian market is also taking place amid global negative sentiment on foreign platforms.