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Shares of Russian online marketplace Ozon drop more than 28% on Moscow Exchange after Ukrainian drone strikes on its warehouses

Source: Moscow Exchange
Update: Ozon shares had fallen 28.5%, to 2,129 rubles apiece, as of 10:30 a.m. Moscow time.

Ozon shares dropped 12.7% to 2,600 rubles after the Moscow Exchange’s main trading session opened. The exchange’s benchmark index fell to 2,092 points at the start of trading, down 2% from the previous session’s close.

Ukrainian forces have struck Ozon warehouses in several Russian regions for a third consecutive day.

Ozon shares are part of the group of so-called blue chips — the largest and most liquid securities traded on the exchange — used to calculate Russia’s benchmark stock index.

Ukraine’s military had previously carried out a series of strikes on warehouses belonging to Wildberries, another major Russian online marketplace. Unlike Ozon, Wildberries isn’t publicly traded.

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