Halted Stocks Suddenly Come Alive

Shares of Novolipetsk Steel, Sberbank, Sedmoi Kontinent and Sistema unexpectedly resumed trading Friday on the MICEX, despite the fact that trading was halted for the entire day after the companies jumped or fell the day before.

Novolipetsk, Sberbank and Sistema each rose more than 25 percent Thursday, while Sedmoi Kontinent fell 27 percent.

The Federal Service for Financial Markets, which regulates the country's securities markets, ordered trade to resume in the middle of the session, MICEX spokeswoman Anna Cheryomushkina said. Earlier Friday, the MICEX said Sberbank trading would be suspended for the entire day.

The MICEX has halted trading on all stocks 23 times in the last two months. The volume of shares traded on the MICEX fell by two-thirds after stock prices slumped and investors turned to London to trade Russian equities.

The October trading volume of 1.35 trillion rubles ($50 billion) is one-third the total for May, according to data from the exchange.