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Russia’s MICEX Suspends Trade Over Heavy Losses

Discussion in 'Financial Cents' started by Bear, May 23, 2006.

  1. Bear

    Bear Monkey+++ Founding Member Iron Monkey


    Russia’s MICEX Suspends Trade Over Heavy Losses
    Created: 22.05.2006 19:12 MSK (GMT +3), Updated: 19:13 MSK, 13 hours 46 minutes ago


    Russia’s MICEX stock exchange has suspended trading in shares from 1430 GMT after intraday losses of more than 8.5 percent, a MICEX official said on Monday, the Reuters news agency reported.

    He said trading would resume on Tuesday. The Russian market has been declining for nine consecutive days and has lost almost a third of value following a global trend on the emerging markets in the past weeks.

    An official from the RTS bourse, Russia’s second key exchange, said the trading would continue as Monday’s decline has so far not exceeded seven percent.
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