Emergency Situation: Russia Stock Market Will Not Reopen
April 24th, 2012
(HigginsBlog) – After a temporary halt and three delay attempts trading on the Russian Stock market has suspended indefinitely due to an emergency situation.
Zerohedge reports:
One temporary halt and three delay attempts later, and we get…. this.
23.04.2012 20:26
The technical suspension of trading to be extended
The situation has been recognized as an emergency. Further actions will be announced shortly.
For further information, please contact the Public Relations Department at (495) 363-3232.
Yes, this is the Russian stock market.
A screen shot:
Emergency Situation Prevents Russia Stock Market From Opening
Reuters reported that the market was closed for only one hour earlier in the day:
Russia’s MICEX-RTS exchange suspended trading on its main stock market section on Monday at 1156 GMT for one hour until the end of the main trading session, the exchange’s spokesman said.
The exchange, which calculates both Russia’s benchmark indexes RTS and MICEX, said in a statement on its website that the trading was suspended due to “a problem in displaying orders and deals in the main stock market section.”
Source: Reuters
But no other news since.
Apparently they were unable to restart the market as planned after being down all day as the news releases on the Russian Stock market site are dated nearly two hours apart with no notice being given that the trading has resumed.
The latest news release on home page of indicates the above notice about the extended suspension of trading was again issued at 20:26 (8:26).
Suspension of Russian Stock Market Trading To Be Extended
Source: Higgins Blog
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