The Russian stock market opened with a drop

The Moscow Exchange Index fell 1.1 percent

The Russian stock market opened with a drop in major stock indexes on Tuesday, November 23. At the opening of the main trading session on the Moscow Exchange, the Moscow Exchange index fell to 3830.20 points (minus 1.1 percent), the RTS index dropped to 1613.68 points (minus 0.89 percent).

By 10: 05, only three blue-chip companies gained profit: Polyus (plus 0.48 percent, to 14,975 rubles per share), Tatneft (plus 0.18 percent, to 489.9 rubles) and MTS (plus 0.16 percent to 305.7 rubles). Most of all, the shares of TCS Group fell (minus 3.12 percent, to 6409.2 rubles), Magnit (minus 1.68 percent, to 5692.5 rubles) and Polymetal (minus 1.4 percent, to 1384, 9 rubles).

Shares of Russian companies are falling amid geopolitical concerns. The day before, Bloomberg reported that Russia was allegedly preparing an attack on the territory of Ukraine in 2022. The drop in oil prices also plays a negative role.

The dollar exchange rate was 74.83 rubles (plus 0.03 rubles), the euro rate was 84.09 rubles (plus 0.11 rubles). Bitcoin traded at $ 56,301 per coin (minus 1.81 percent).