How has the Russian index performed over the past 20 years and how is it reacting to the Russia-Ukraine war?

We are going to look at that with this analysis where we will see how the 10000€ investment on the MOEX has fared over time. The MOEX (Moscow Exchange) Index is the most important benchmark index for assessing the performance of the stock market in Russia. The 38 most capitalized companies listed in Moscow are part of the index…a bit like the FTSE MIB in Italy!

From the following chart we observe how the two biggest declines occurred in 2008 with the sub-prime mortgage crisis (-73.93%) and now after Russia’s invasion of Ukraine (-52% for the time being). The index over the last two decades has secured a final countervalue of almost 85000€ against an extremely high volatility of the Russian market and equal to 31.6%.

Conclusion.

We have seen how the Russian stock index has suffered a price halving in the last period, ultimately caused by the invasion of Ukraine by the Russian military, which was followed by sanctions from EU and US countries. It is difficult to say what the evolution of this index will be in the face of sanctions from NATO countries. What emerges from the analysis is strong uncertainty and fear on the part of investors, as shown by the high volatility and sharp declines in the index.