The Moscow Stock Exchange opened a discreet auction for Eurotrans shares. It will take place from 09:10 to 09:40 Moscow time.
"There has been an increase of 20% or more for 5 consecutive minutes in the current share price from the previous trading day's closing price (₽21.4)," the website said in a statement.
The discrete auction is a special mechanism by which the Moscow Stock Exchange reduces market volatility. The exchange collects orders from trading participants to buy and sell shares in the order book. It is used instead of the normal trading mode when the share price changes from the closing price of the previous day's main session by more than 20% for five consecutive minutes. A discrete auction session consists of three ten-minute auctions. 30 minutes after the start of the auction, trading resumes as usual.