Limited trading in Russian stock market to resume on March 24, central bank says
March 23 (Reuters) – Russia’s central bank said on Wednesday some stock trading would resume on Thursday after a nearly month-long hiatus, with 33 stocks to be traded on the Moscow Stock Exchange for a limited period and short sales banned.
Trade in blue chips, including state lenders Sberbank SBER.MM and VTB VTBR.MM and energy majors Rosneft ROSN.MM and Gazprom GAZP.MMwill take place between 06:50 and 11:00 GMT, the central bank said.
Russian shares were last traded on the Moscow Stock Exchange on February 25. The central bank then curbed trade as Western sanctions over events in Ukraine sent turmoil through markets.
Trading in OFZ government bonds restarted on Monday, with the powerhouse buying OFZ papers in a bid to limit volatility. The return to equity trading has taken longer as the bank seeks ways to clear a backlog of deals while avoiding a market meltdown.
Trading on the derivatives market with contracts on the Moscow Stock Exchange and individual stocks, included in the index of the Moscow Stock Exchange, will take place from 10:00 a.m. to 2:00 p.m. (07:00 to 11:00 GMT) in the usual format, the bank said. central bank.
He said the trade regime for the following days would be announced at a later date.
(Reporting by Reuters; Editing by Andrew Heavens and Alison Williams)
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