MICEX, RTS indexes in the red in H1 2020

TASS Russian News Agency | Jun 30, 2020 at 7:47 PM

/Update/

MOSCOW, June 30. /TASS/. The MOEX Russia Index fell by 10.3% to 2,743.2 points in the first half of 2020, according to data of the Moscow Exchange. The RTS Index lost 22% to 1,212.63 points in the reporting period.

In June 2020, the MOEX Russia Index dropped by 0.26% and the RTS Index went down by 1.72%.

"Falls in the consumer activity and solvency will be well visible by early fall. The Russian economy may well expect a second wave of bankruptcies of small and medium enterprises in late fall. The labor market appears uneasy, while the industrial production will not get out of spinning until the consumer sets on firm ground," Anna Bodrova from Alpari says in a comment. Exchanges attempted to recover on all the identified positive factors but failed to demonstrate positive dynamics in June, she adds.