MOEX stopped trading due to a collapse amid a special operation in the Donbass

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MOEX stopped trading due to a collapse amid a special operation in the Donbass
MOEX stopped trading due to a collapse amid a special operation in the Donbass
24 February, 10:03Economy
Trading on the Moscow Exchange has been temporarily suspended due to a collapse amid the start of a military operation in the Donbass, the resumption of trading will be announced additionally.

In fact, trading in the ruble, shares and futures was stopped earlier due to the fact that the quotes stumbled upon the boundaries set by the exchange. For example, the US dollar has reached the upper limit - 84.075 rubles/$1. At this rate, there was a large volume of currency purchases; the rate could not rise higher due to the restrictions established by the exchange. The same situation has developed with the euro, whose exchange rate hit the bar of 95.2425 rubles / EUR1 and could not grow further due to restrictions.

The same is happening on the Russian stock market. Almost all of the financial instruments traded at the morning session reached the lower levels set by the exchange, and the quotes could not move further down. At established price levels, there is a large amount of supply, but there are practically no buyers.

Earlier today it was reported that the US dollar and the euro showed rapid growth on the Moscow Exchange. The first transactions in the dollar were at the level of 82.56 - 84.08 rubles. After the first minute of trading, the rate was at the level of 84.075 rubles, having added 2.92 rubles. to the previous close. The euro rose to 94.55 rubles, adding 2.85 rubles. close on February 23rd.

The Moscow Exchange index fell by 10.4% due to news about the start of a military operation in the Donbass. Against the same backdrop, the price of April Brent oil futures reached $100 per barrel - a record high since September 2014.

It's worth reminding that early in the morning on February 24, Russian President Vladimir Putin announced in his address to the nation that he had decided to launch a special military operation on the territory of Donbass.

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