SPB Exchange will resume trading in securities of foreign companies that carry out their main activities in Russia in a new format. These values will be transferred from the non-trading to the trading sections of the deposit sub-accounts, and transactions with them will once again be possible.
From April 24, the St. Petersburg Stock Exchange will resume trading in the securities of Yandex, X5 Group, Ozon, Cyana, TCS Group, HeadHunter, VK, Fix Price – all foreign companies that carry out their main activities in Russia. This is stated in the press release of “SPB Exchange”.
Securities from foreign issuers will be automatically transferred from the non-trading sections to the trading sections of the depository sub-accounts. Brokers will once again be able to transact with these securities. Transactions will be made in US dollars, no further actions will be required from investors, SPB Exchange reported.
The shares of SPB Exchange reacted to the news about the resumption of trading with an increase of 1.2%.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
