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Moscow Exchange plans to resume evening stock trading in September

MOSCOW (Reuters) - Moscow Exchange plans to relaunch the evening session on its stock market in September, the head of its stock market department said on Thursday, as Russia's...
Moscow Exchange plans to resume evening stock trading in September © Reuters. FILE PHOTO: A board with the logo is on display outside the office of the Moscow Exchange in the capital city of Moscow, Russia March 24, 2022. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - Moscow Exchange plans to relaunch the evening session on its stock market in September, the head of its stock market department said on Thursday, as Russia's largest bourse eyes a gradual return to normal.

Stocks trading was halted on Moscow's bourse for almost a month from Feb. 25, the day after President Vladimir Putin sent troops into neighbouring Ukraine, prompting Western sanctions aimed at isolating Russia economically and then Russian countermeasures.

Boris Blokhin, head of Moscow Exchange's stock market department, told reporters that the resumption of evening trading in derivatives had proved quite positive, meaning a similar step could soon be taken with equities.

"The most liquid instruments will be traded, first of all, shares on the Moscow Exchange index," said Blokhin. "We are planning to launch an evening session in September."

Evening session on Moscow Exchange starts at 1600 GMT and ends at 2050 GMT. The main trading hours are between 0700 and 1600 GMT.

The bourse is making a gradual return to normal, but not all its efforts for a smooth resumption of activity have been successful.

Despite reopening the trading doors to some foreign investors in August, Russia's central bank thwarted plans for those from "friendly" nations to resume trading on the Moscow stock market, as it wanted to prevent any investors from "unfriendly" countries taking advantage.

Russia considers those countries that have imposed sanctions "unfriendly".

As a result, clients from "friendly" jurisdictions were only allowed to resume trading derivatives, with stocks trading not to return before 2023.

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01-05-2024 10:45:17 (UTC+7)

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1.0658

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1.2475

-0.0015 (-0.12%)

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0.6469

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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