Tsarizm
Eastern Europe

Russian Stock Trading To Resume On Thursday After Record Market Shutdown

Old Stock Exchange building in Moscow, Russia
Image by Arseny Khakhalin

Please Follow us on GabMindsTelegramRumbleGab TVGETTR 

After a record-long stock trading halt that was instituted on the last day of February following the Russian invasion of Ukraine, and was meant to shield domestic investors from the impact of tough sanctions over Russia’s invasion of Ukraine, the central bank said that trading in Russian stocks will resume on Thursday, March 24 after nearly a month.

According to the BOR statement, the Moscow Exchange will resume trading in the 33 most liquid Russian equities, including some of the biggest companies such as Gazprom PJSC and Sberbank PJSC, on March 24 between 9:50 a.m. and 2 p.m. local time. A ban on short selling will apply, it said. Local stock trading has been halted from Feb. 28, marking the longest closure in the country’s modern history.

Even with the ban on short selling, local traders and strategists are bracing for a selloff, as international sanctions hit everything from Russia’s ability to access foreign reserves to the SWIFT bank-messaging system. The MOEX Russia Index slumped as much as 45%, the most on record, on the day the invasion started…

To read more visit Zero Hedge.

The Global Media Company Funded By The Common Man!  You Won’t Get Anywhere Else What You Get From CDMedia! Donate!  

Related articles

News Conference Video: Prosecutors Identify Russian Armed Forces As Behind Downing Of Flight MH-17

Tsarizm Staff

CD Media Releasing Information On Poroshenko Money Laundering/Biden Cover Up, In Series Of Articles, With Sourcing

Tsarizm Staff

Russia Cuts Rates As Economy Feared Weaker Than Expected

Tsarizm Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky