News Tech: MOSCOW, Aug 25 (Reuters) – Moscow Exchange (MOEX.MM) 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.
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.
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. read more
“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.”
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. RegisterReporting by Alexander Marrow; editing by Jonathan Oatis
Source: Reuters Trust Principles.