Shares of SPB Exchange showed record trading volumes on the Moscow Stock Exchange and took the lead, outperforming shares of Sberbank and Gazprom. Interest in stocks on the exchange grew after the site resumed morning trading in shares of foreign companies.
According to the Moscow Stock Exchange, the trading volume of securities on the SPB Stock Exchange on Thursday, August 11, at 16:00 Moscow time, amounted to 5.88 billion rubles, which was a record for the issuer. Shares of SPB Exchange traded more than shares of Sberbank (2.58 billion) and Gazprom (2.24 billion) (recognized leaders in trading) combined.
Investors are showing interest in SPB Exchange securities after the site fully resumed trading of shares of 200 foreign companies since August 10.
Since August 8, the SPB Exchange share price has more than doubled. At auctions on Wednesday, the cost of one title reached 248 rubles.
SPB Exchange held an initial public offering in late 2021 and raised $175 million. The exchange made an initial offering at the higher end of the price range. Investors valued the company at nearly $1.5 billion.
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