The PFTS stock exchange has suspended bidding on its trading area September 5 because of price instability.
Ukrainian News learned this from the exchange press release.
«At 12:45 on Friday, bidding in the trade system of the PFTS stock exchange was stopped for one hour. The reason is the situation of price instability according to the criterion endorsed by the PFTS exchange council decision No. 1 of April 23, 2008,» the press release says.
This criterion provides for reduction of contract or quotation prices, compared to those by the time of the past trading session closure, on more that 75% of papers in the index basket.
The halt may be prolonged by more than one hour, PFTS says.
As Ukrainian News reported, by September 1, 2008, PFTS had 999 securities on its listing: 14 of the 1st tier, 199 of the 2nd, plus 786 securities admitted for trade.
