Shares in Russia's largest construction companies plunge

Shares in Russian construction companies have fallen sharply on the Moscow Exchange since the beginning of autumn 2025.

Source: The Moscow Times, an independent Amsterdam-based news outlet, citing Russian newspaper Kommersant

Details: As of 10 October, the construction index had dropped by 26.1% compared to early September, to 4,952.53 points.

The overall Moscow Exchange index fell by 10.3% during the same period, to 2,588.56 points.

The biggest losses were recorded by the PIK Group, whose shares fell by 30% to RUB 467 (about US$5) per share. Shares in Samolet have declined by 21% since September, reaching RUB 952 (US$11) each, while LSR Group shares have fallen by 13% and are now trading at RUB 694 (US$8) per share.

Shares in major property developers have plummeted due to a decline in demand for housing caused by unaffordable mortgage rates.

Between January and August 2025, Russian property developers sold 14.4 million sq m of housing on the primary market, 17% less than in the same period last year.

Background: Earlier, problems in other sectors of the Russian economy were reported. Several major Russian manufacturers, including Cemros (the country's largest cement producer), GAZ, Kamaz and AvtoVAZ, have switched to a four-day working week. Alrosa, Russia's leading diamond producer, and nearly all metals plants have been forced to cut staff.

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