MOEX Index down 0.66% as morning trading session opens

Lead

Russia's main stock market indicator, the MOEX Index, opened lower on Monday as the Moscow Exchange resumed its morning trading session for equities and derivatives after a break. According to trading data cited by TASS, the index, which uses the additional ticker IMOEX2, lost 0.66% at 07:00 a.m. Moscow time (04:00 a.m. GMT) to stand at 1,945.58 points. By 07:15 a.m. Moscow time (04:15 a.m. GMT), the decline had deepened, with the index down 1.51% at 1,928.89 points.

The drop follows a separate, steeper fall recorded during the main trading session earlier, when the MOEX Index tumbled more than 4%, briefly breaching the 2,025-point level for the first time since October 21, 2022. The two sets of figures reflect different reporting periods, with the morning session data marking the first prints after the exchange reinstated morning trading on January 27, 2025.

Coverage Comparison

TASS, the Russian state news agency, reported the movements in the MOEX Index across its English-language service. One report, dated July 16, described the main trading session slide, noting that the index had lost over 4% and slipped below 2,025 points intraday. Another report, also carrying a July 16 dateline, focused on the morning session opening, recording a 0.79% loss at 07:00 a.m. Moscow time, when the index stood at 2,095.29 points, before falling further to 2,084.51 points (-1.3%) by 07:15 a.m.

A third report, dated July 20, provided the most recent figures, showing a 0.66% decline at the morning open to 1,945.58 points, with the index continuing to slide to 1,928.89 points by 07:15 a.m. The reports do not specify the precise reasons for the declines, and the coverage remains descriptive, focusing on the index levels and the exchange's operational changes.

The discrepancy in the morning-session figures across reports—with one showing the index near 2,100 points and another near 1,950 points—may reflect different trading days. The data as of July 20 indicate the index has fallen further since the mid-July sessions, though the exact timeline of the decline is not specified in the reports.

The Moscow Exchange's decision to resume its morning trading session on January 27, 2025, was noted in the July 16 reports and again in the July 20 report. The exchange had previously suspended the early session, though the reports do not detail the reasons for the suspension or the resumption.

Key Claims

• The MOEX Index lost 0.66% at the opening of the morning trading session on Monday, standing at 1,945.58 points as of 07:00 a.m. Moscow time, according to TASS.
• By 07:15 a.m. Moscow time, the index had fallen 1.51% to 1,928.89 points, as reported by TASS.
• A separate TASS report from July 16 indicated that during the main trading session, the MOEX Index had dropped over 4% and fallen below 2,025 points for the first time since October 21, 2022. As of 6:13 p.m. Moscow time, the index was down 4.18% at 2,023.66 points, later narrowing losses to 3.94% at 2,028.59 points by 6:23 p.m.
• The RTS Index, a dollar-denominated Russian benchmark, was down 4.39% at 815.97 points as of 6:23 p.m. Moscow time on the same day, according to the July 16 report.
• Another July 16 TASS report said that at the morning session opening, the MOEX Index fell 0.79% to 2,095.29 points as of 07:00 a.m. Moscow time, and by 07:15 a.m. it had declined to 2,084.51 points, down 1.3%.
• The Moscow Exchange resumed its morning trading session on the Equities and Derivatives markets on January 27, 2025, as confirmed in multiple TASS reports.