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The Moscow Stock Exchange opened a discreet auction for shares of MGKL (the parent company of the MosgorLombard Group) after a 22% drop in rates, Kommersant writes. According to the publication, the price of the securities fell to 0.42 rubles, while a drop of more than 20% was recorded continuously for five minutes. The discrete auction mechanism is used when there is a sharp deviation in the value of a property and consists of three ten-minute stages, after which the main auction resumes as usual.

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The Moscow Stock Exchange opened a discreet auction for shares of MGKL (the parent company of the MosgorLombard Group) after a 22% drop in rates, Kommersant writes. According to the publication, the price of the securities fell to 0.42 rubles, while a drop of more than 20% was recorded continuously for five minutes. The discrete auction mechanism is used when there is a sharp deviation in the value of a property and consists of three ten-minute stages, after which the main auction resumes as usual.

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