indexes in this article
As has been the case for a few days, the Russian central bank is suspending stock trading on the Moscow stock exchange on Thursday. Since February 28, 2022, no shares have been traded on the Russian stock market.
The press release on the Bank of Russia website reads as follows:
“The Bank of Russia decided not to resume trading on March 10, 2022 on the Moscow Stock Exchange in the stock market section, except for the mode ‘Redemption: direct orders’ with settlement in rubles; derivatives market sections, except for derivatives market instruments of the money section (currency pairs) , the Commodities section (precious metals) and mirror contracts for futures on the original pages in the usual mode from 10:00 to 18:45 Moscow time; sections of the SFI market.”
Trading on the Forex Market, Money Market and Repo Market of the Moscow Stock Exchange will open at 10:00 Moscow time.”
It is still unclear when stock trading will start again in Moscow. The Russian central bank will announce on the last day of the week by 9 a.m. Moscow time whether the stock exchange will open regularly this week, i.e. on Friday.
If it reopens, Moscow’s stock exchange is likely to be turbulent given the economic sanctions Western countries imposed on Russia after its attack on Ukraine. Russia therefore announced that it would support the Moscow stock exchange with up to ten billion dollars when it reopened.
This is how the most important Russian indices recently closed
Before the market closed, the RTS had fallen by a third. Without a recovery of more than a quarter, the weekly minus would have been even larger. Shortly after the start of the war, vague hopes for talks between Russia and Ukraine had led to price gains. The Russian leading index RTS recorded a premium of 23.83 percent to 919.97 points on the Moscow stock exchange. The MOEX was also listed 17.95 percent higher at 2,427.50 points.
Editorial office finanzen.net / dpa-AFX
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