On March 24, for the first time after almost a month’s pause, shares were traded on the Moscow Exchange – contrary to fears, there were no collapses. The growth of the Mosbirzhi index at its peak reached 11.8% – however, by the end of trading, it lost more than half, adding 4.37% (2578 points) at the end of trading. The RTS index, which is calculated in dollars, fell as expected and ended the day at minus 9% (852.6 points). The market showed such a result in conditions when foreign investors are prohibited from trading, and Russian investors from shorting.
Shares were traded in a shortened mode, from 9.50 to 14.00 Moscow time, with 33 most liquid securities – the same schedule will be held on March 25 as well. And in the mode of negotiated deals, it will be possible to trade other shares, corporate bonds and Eurobonds. This will expand the existing obligations between market participants, reduce the overall risk in the financial system, analysts at the VTB broker write.