MOEX Russia Index reopens after one month
Short-selling on stocks are banned.
Foreign investors can`t sell stocks or OFZ ruble bonds until April 1.
i think that is the reason why it went up +4.37% today.
The index is now $2578 while in the Covid lockdown it went to $2080. And the world was at peace back then.
I don`t see how the price of the index wouldn`t touch the $2080 level again.
In fact, if the trading restrictions will be lifted after April 1st, then i think it can go down to $1550 and $1220 eventually.
Foreign investors can`t sell stocks or OFZ ruble bonds until April 1.
i think that is the reason why it went up +4.37% today.
The index is now $2578 while in the Covid lockdown it went to $2080. And the world was at peace back then.
I don`t see how the price of the index wouldn`t touch the $2080 level again.
In fact, if the trading restrictions will be lifted after April 1st, then i think it can go down to $1550 and $1220 eventually.
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