Russia Keeps Stock Trading Shut in Nation’s Longest Closure
- Stocks trading to remain shut in Moscow until at least March 9
- MSCI, FTSE to cut Russian stocks from their EM gauges
This article is for subscribers only.
The Russian stock market will be closed to trading until at least next Wednesday, marking a record in the country’s modern history, in a continuing bid to stave off the impact of global sanctions for domestic investors.
The Moscow Exchange said on Friday that trading across all markets will be shut March 5, 7 and 8. Since the Moscow Exchange’s equity trading was last open a week ago, Russian stocks listed in London erased more than 90% of their value before getting suspended, global index providers announced plans to remove the nation’s shares from their indexes and European companies with business exposure to the country lost more than $100 billion in market value.