17 June 2004 06:06
MICEX trading stopped
Trading must be suspended for one hour if the index climbs by over
8% in one session, according to a Federal Securities Commission
MOSCOW. June 17 (Interfax) - MICEX trading was stopped at 6:25 p.m., Moscow time, when the MICEX index climbed by
over 8%.
The index jumped due to a surge in blue chip prices, especially for
Yukos, which climbed 30% after President Vladimir Putin said the
resolution, the MICEX told Interfax. The MICEX composite stock index was up 8.4% when trading was stopped. Trading on
the exchange ends at 6:45 p.m., so it will not be resumed today.
Yukos share trading on the MICEX was suspended from 5:10 p.m. to
6:10 p.m. for the same reason. The shares continued to climb when
government did not want Yukos to go bankrupt.
trading was resumed. [RU ASIA EUROPE EEU EMRG ENR STX] me
[Interfax] |
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