Russian Stock Market closes......INDEFINITELY

[Earth Angel]

Does anyone know if this is legit? Some posters seem to think it is just a technical issue


RUSSIAN STOCK MARKET CLOSED INDEFINITELY
Posted on April 23, 2012 by LT

This is not a drill – the Russian Stock Market has closed indefinitely, and reports are that the Russian Government has declared it an Emergency.


http://ncrenegade.com/editorial/russian-stock-market-closed-indefinitely/

http://www.zerohedge.com/news/russia-will-not-reopen-situation-has-been-reocginzed-emergency

http://www.zerohedge.com/news/dutch-cabinet-resigns

[white wizard]

If what you these people are reporting is true this is big news. I am gonna see

if I can locate some mainstream media coverage lets hope we are not being

duped and this pans out into something of value.

Update

Googled Russian stock market and several alternative news sites are reporting a

emergency shut down so far nothing on mainstream news.

[Cilka]

Right now I don't know what to think about this, I need more info to come out of this. The Russian stock market cannot just close like that, there is no common sense in this. Time will tell if this is true.

[white wizard]

Just confirmed through CNN news.

Headline

Dutch government collapses after far right pulls plug.

http://www.cnn.com/2012/04/23/world/europe/netherlands-politics/index.html?hpt=wo_c2

confirmed trading has been suspended still waiting for confirmation as to reason.
http://rts.micex.ru/n610/?nt=201

[Rocky_Shorz]

not as serious as it sounds, the Queen just reached over and plugged it back in... ;)

[Rocky_Shorz]

check out this chart when they shut down....

http://www.micex.ru/cs/engines/stock/markets/index/securities/MICEXINDEXCF.png?c.width=339&z1.width=339&z1_c.width=339&c.height=169.5&z1.height=169.5&z1_c.height=169.5&template=adv_no_volume&_=1335238938362&compare=&compare_template=adv_no_volume_comp&candles=540&interval=1

[panopticon]

From Bloomberg (http://www.bloomberg.com/news/2012-04-23/russia-s-micex-rts-equities-exchange-extends-trading-halt-1-.html) (Apr 24, 2012 2:43 AM GMT+1000):

Russia’s Micex-RTS Exchange has extended a technical halt and the situation is considered an emergency, according to a statement on its website.
The reasons for the halt in trading “are unclear,” Micex- RTS technical aide Artem Payzanskiy said by phone from Moscow. The exchange is investigating the interruption, he said.
The halt has stopped trading of stocks during the evening session of the Micex Index (INDEXCF), Luis Saenz, chief executive officer of Otrkritie Financial Corp.’s New York unit, said by phone. Trading in RTS Index futures is not being affected, Saenz said.
From Reuters (http://uk.reuters.com/article/2012/04/23/russia-stocks-suspension-idUKL5E8FNADK20120423):

Russia's MICEX-RTS exchange suspends stocks trading:
Russia's MICEX-RTS exchange suspended trading on its main stock market section on Monday at 1156 GMT for one hour until the end of the main trading session, the exchange's spokesman said.

The exchange, which calculates both Russia's benchmark indexes RTS and MICEX, said in a statement on its website that the trading was suspended due to "a problem in displaying orders and deals in the main stock market section."

From the English MICEX website (http://rts.micex.ru/n610/?nt=201):

23.04.2012 20:26
The technical suspension of trading to be extended
The situation has been recognized as an emergency. Further actions will be announced shortly.
The Russian language MICEX website (http://rts.micex.ru/n609/?nt=101) seems to be saying (my Russian is non-existent) that the exchange is going to be back up and running when the technical difficulties are sorted...
Guess time will tell.
Kind Regards, :yo:
Panopticon

Missed your update there WW. Good spotto.

[modwiz]

check out this chart when they shut down....

http://www.micex.ru/cs/engines/stock/markets/index/securities/MICEXINDEXCF.png?c.width=339&z1.width=339&z1_c.width=339&c.height=169.5&z1.height=169.5&z1_c.height=169.5&template=adv_no_volume&_=1335238938362&compare=&compare_template=adv_no_volume_comp&candles=540&interval=1

Fascinating chart there. I'd like to think the Russian government was doing some damage control. It is my understanding the Putin has the oligarchs of Russia in an agreement. They can make all of the money they want, but they can't use it in politics or they go to jail. I like his style:thumb: He understands that these types are brilliant at business but deadly when they get involved in government, since they have no allegiance to anyone or country. So, since the stock markets are all rigged by the oligarchs, and it looks like they were going to crash it and cost lots of little people their money, it was stopped before too much theft could occur.

Just my take on things. It may be light years from reality.

[ThePythonicCow]

Here's a screenshot of the Zerohedge article Russia Will Not Reopen: "The Situation Has Been Recognized As An Emergency" (http://www.zerohedge.com/news/russia-will-not-reopen-situation-has-been-reocginzed-emergency) article on it:

http://thepythoniccow.us/zerohedge_russia_stocks_closed.png

[Referee]

More................

OTwnOUtz4Ps

[modwiz]

I have looked at Yahoo finance and the business section of MSNBC and there is no mention of this shutdown. Isn't that a little odd?

[ThePythonicCow]

Reuter's has a brief mention, at http://www.reuters.com/article/2012/04/23/russia-stocks-suspension-idUSL5E8FNADK20120423




Russia's MICEX-RTS exchange suspends stocks trading
MOSCOW, April 23 | Mon Apr 23, 2012 10:13am EDT

(Reuters) - Russia's MICEX-RTS exchange suspended trading on its main stock market section on Monday at 1156 GMT for one hour until the end of the main trading session, the exchange's spokesman said.

The exchange, which calculates both Russia's benchmark indexes RTS and MICEX, said in a statement on its website that the trading was suspended due to "a problem in displaying orders and deals in the main stock market section."

[panopticon]

G'day All,

Latest update from MICEX-RTS (if there's a Russian literate here can they please fix this google auto-translation):


Measures taken by the MICEX, RTS due to the abnormal situation April 23, 2012
April 23 at 17-45 in the main market sectors of the stock market of the MICEX Group, the RTS there was a technical fight - stopped updating information in the tables of applications and transactions in the workplace parties.

At 17:56 to locate the problem, the Director General of the Stock Exchange was declared a technical break in the bidding until 18:56.

At 18:45 break has been extended until 19:35, and then - until 19:55.

Over 120 minutes of technical break to overcome the consequences of failure could not be. So at 20:10, in accordance with paragraph 1.13.9 of the Rules of trading securities in the Company "MICEX" the Director General had decided to recognize the situation in the main market sector of the market emergency.

The complex organizational and technical measures implemented to address an emergency situation, allowed to recover the trading system to 21-30.

To form a representative closing price, as well as investor protection has been established the following schedule of bidding:

21:50-22:10 - Trade between the main trading mode main trading session,
21:50-22:20 - Summary of transactions and repo RPM;
22:20 - End of main trading session.

In order to minimize the effects of the emergency, the Exchange also asked the Bank of Russia with a request for an extension of time mnogoreysovoy processing payments.

Adopted by the Directorate of Exchange solutions and professional actions of its professionals, allowed the participants, even under stress conditions, to complete their operations, including the removal of the application, to clearing and fulfill its obligations under the transactions.

MICEX, RTS, realizing their responsibility to market participants apologized and intends to find and thoroughly understand the causes of the incident.
Source:
http://rts.micex.ru/n613/?nt=101
Kind Regards, :yo:
Panopticon

[ThePythonicCow]

The English language sub-section of the rts.micex.ru site that Panopticon links has the latest headline articles: http://rts.micex.ru/en/

So far it just has




23.04.2012 20:26 The technical suspension of trading to be extended (http://rts.micex.ru/n610/?nt=201)
23.04.2012 18:10 Suspension of trading on the Securities Market (http://rts.micex.ru/n605/?nt=201)

[panopticon]

The English language sub-section of the rts.micex.ru site that Panopticon links has the latest headline articles: http://rts.micex.ru/en/
So far it just has




23.04.2012 20:26 The technical suspension of trading to be extended (http://rts.micex.ru/n610/?nt=201)
23.04.2012 18:10 Suspension of trading on the Securities Market (http://rts.micex.ru/n605/?nt=201)

Just to clarify.
The link to the Russian language site seems to be the latest reports timeline wise ( http://rts.micex.ru/n613/?nt=101 ).
I think the English language one lags by some hours ( http://rts.micex.ru/en/news/ ).
Kind Regards, :yo:
Panopticon

[CeltMan]

This site gives live feeds, no affect as yet on other world indicies.

FTSE has just opened, no affect there.

http://www.bloomberg.com/markets/stocks_v2/world-indexes/

I have not day traded for several years now, but just phoned a major UK broker ED&F Mann/London

They were totally unaware of this, and do not at the moment feel it to be of any significance.....Hmmmmm

Curiouser & curiouser?!

[wynderer]

methinks we are in major disinfo territory here ...

[panopticon]

G'day All,

Just for completion the English version of the above statement (http://rts.micex.ru/n614/?nt=201) has been released by MICEX-RST:

24.04.2012 12:27
Measures taken by MICEX-RTS concerning the outage on the Exchange"s Main Market on April 23, 2012
On April 23, 2012 the Main market sector of the MICEX-RTS Group's Securities market suffered technical problems, i.e. at 5.45pm MSK market data in the order book of market participants ceased to be updated.

At 5.56pm MSK the MICEX Stock Exchange General Director announced that trading was to be suspended until 6.56pm MSK in order to contain the situation.

At 6.45pm MSK the suspension was extended until 7.35pm MSK and then until 7.55pm MSK.

Effects of the 120-minute outage were not eliminated and at 8.10pm MSK the General Director announced the emergency situation in the Main Market sector based on clause 1.13.9 of the Trading rules of CJSC MICEX Stock Exchange.

Range of organizational and technical measures was taken to recover from the emergency situation and by 9.30pm MSK the operability of the trading system were restored.

To generate the representative closing price and protect investors' rights the following schedule of trading was established:

9.50pm - 10.10pm – trading period in the Main trading mode of the Main trading session;
9.50pm - 10.10pm – execution of trades in the Negotiated trades mode and repo trades.
10.20pm – close of the main trading session.
The Exchange applied to the Bank of Russia for extension of operating time of the multivoyage payment processing system in order to minimize implications of the emergency situation.

Decisions taken by the Directorate of the Exchange and competent actions of Exchange's specialists allowed trading members to close their operations including cancel orders, perform clearing and fulfill obligations under executed trades even under the outage circumstances.

MICEX-RTS realizes the consequences that the outage could bring to the market and apologizes to trading members. The Exchange firmly intends to detect and examine causes of the disruption.

I don't know much about reading shares, indexes and such but it seems the exchange is back up and running today and given the above statement it appears to have been rectified.
Please correct me if I'm wrong as I really am just looking at the exchanges site and seeing little graphs, figures and such flickering by with present time stamps...
Kind Regards, :yo:
Panopticon

[grampah]

Probably related item --Putin order to arrest George Soros and others. Just one of many links that come up via Google, posted 13 Feb 2012:
http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=230193
"White Knights Report: George Soros Arrest Warrant Issued by Putin"