MICEX index dropped by 7.8% at the close of business on June 22, 2009 and therefore amounted to 937.98 points at 7:29 PM (Moscow time). This level is actually comparable with that of the end of April. The stock exchange reports the shares of Uralsvyazinform dropped the lowest, with the share price going down by 13% at the close of business.

Meanwhile, RTS index decreased by 5% by the end of the day as well and came to 961.04 points. Analysts believe the market has already shrunk by 20% since early June (when the year’s maximum figures were reached). They feel the decrease has to do with the trying international circumstances like the dropping indices of European stock exchanges and plummeting oil prices.