It once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30%

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On March 24 local time, the Moscow Stock Exchange in Russia resumed limited trading. The IMOEX index rose rapidly after opening and , once rose by more than 11%. As of the close, it closed up 4.37%. Resource stocks became the biggest winners in the stock market that day.

It once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30% - LujubaIt once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30% - Lujuba

Russian stock market reopens

After the Central Bank of Russia issued an announcement on Wednesday, Moscow Exchange resumed 33 stocks from 10:00 to 14:00 local time (15:00 to 19:00 Beijing time) transactions, including some well-known companies such as Russia's oil , Lukoil , and Rusal. But exchange rules prohibit short selling of stocks that have resumed trading. In addition, foreign investors will not be able to sell stocks and bonds until April 1.

After the resumption of trading, the IMOEX Russia index rose by more than 11% in about 20 minutes. As of the close, the MOEX index rose by 4.4%. On the trading volume list, VTB Bank traded more than 130 billion shares, ranking first, but the company's stock price was only 0.019 rubles.

It once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30% - Lujuba

The top performers on the list are mainly resource-based enterprises. PhosAgro, a chemical company that mainly produces fertilizers, phosphate and feed phosphate, once rose nearly 30% in the intraday session, and rose more than 26% as of the close. Natural gas producer Russia's Novatek rose 18 percent and Tatneft rose 20 percent.

It once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30% - Lujuba

Aluminum company Rusal closed up 15.81%, Hong Kong stocks Rusal late trading also rose, once rose more than 27%, as of the close, up 14.36%.

It once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30% - Lujuba

On the decline list, Aeroflot, the National Unified Electric Power Company and the National Oil Pipeline Company experienced relatively large declines.

It once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30% - Lujuba

Elsewhere in Europe, London, Paris and Frankfurt were all stable.

It once rose by more than 11%! Russian stock market reopens: ban on short selling, up nearly 30% - Lujuba

The latest situation in Russia and Ukraine

Russian President Vladimir Putin announced on the 23rd that Russia will switch to ruble settlements when supplying natural gas to "unfriendly" countries and regions such as member states of the European Union. Putin held a video conference with members of the Russian government on the 23rd, saying that some western countries have made illegal decisions to freeze Russian assets in the past few weeks. Meaningless. The Russian side will implement comprehensive measures in the shortest possible time, first of all, when supplying natural gas to countries and regions "unfriendly" to Russia, it will be settled in rubles.

Since Russia launched a special military operation against Ukraine on February 24, many Western countries have announced sanctions against Russia, covering many fields. Russia has listed a list of "unfriendly" countries and regions that impose sanctions on Russia.

Ukrainian President Volodymyr Zelensky said in a video speech to the French Parliament on the 23rd that during France's presidency of the EU, he hopes that the EU will make a historic decision that will benefit Ukraine's accession to the EU. He also called on large French companies to withdraw from the Russian market.

  • NATO : More combat troops will be deployed in Eastern Europe

NATO Secretary-General Stoltenberg said on the 23rd that NATO will significantly increase the deployment of combat troops on its eastern flank, while reiterating that Ukraine’s accession to NATO is "not on the agenda ".

NATO will hold a special summit on the 24th to discuss the conflict between Russia and Ukraine. Stoltenberg said at a press conference on the 23rd that he hopes that member states will agree to strengthen NATO's strength in all areas of land, sea and air. NATO plans to deploy 4 new battle groups in Bulgaria , Hungary, Romania and Slovakia . Together with existing forces deployed in the Baltic countries and Poland , NATO will have eight multinational battle groups on its eastern flank, from the Baltic Sea to the Black Sea .

Stoltenberg said that NATO currently has hundreds of thousands of troops on high combat readinessIt is mainly deployed on the eastern flank of NATO. These forces are supported by air and sea power, including five carrier strike groups in the Nordic and Mediterranean regions.

Stoltenberg said that Ukraine's accession to NATO is not on the agenda, but support for Ukraine will be one of the main issues to be resolved at the NATO summit on the 24th.

The Ministry of Foreign Affairs talks about the situation in Ukraine again: China’s position is consistent with the wishes of most countries

According to Xinhua News Agency report, NATO Secretary-General Stoltenberg recently falsely claimed that China is spreading lies and false information to Russia. Political support, Foreign Ministry spokesperson Wang Wenbin said at a regular press conference on March 24 that accusing China of spreading false information about Ukraine is itself spreading false information. China has always taken an objective and fair attitude and made active efforts to achieve an early ceasefire and cessation of war, avoid humanitarian crises, and restore peace and stability. Wang Wenbin said that we have always advocated that Ukraine should serve as a bridge between the East and the West, rather than being at the forefront of the game between major powers. European countries should uphold the principle of strategic autonomy and work with relevant countries including Russia and Ukraine to build a balanced, effective and sustainable European security architecture through dialogue and negotiation based on the principle of indivisible security. The United States and NATO should also engage in dialogue with Russia to unravel the crux behind the Ukraine crisis. Wang Wenbin pointed out that what is needed to resolve a crisis is calmness and rationality, not fueling the flames; what is needed to restore peace is dialogue and communication, not coercion; what is needed to achieve long-term peace and stability is to accommodate the reasonable security concerns of all parties, rather than promote group confrontation. Seek absolute security. He said that China's position is consistent with the wishes of most countries, and time will prove that China's position is on the right side of history, and any unfounded accusations and suspicions against China will be unfounded.

original title: At one point rose more than 11%, the Russian stock market reopened: short selling is prohibited, 33 shares can be traded, the highest rose by nearly 30%!

Source: Securities Times

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