Russian stocks in London continue to collapse as Sberbank trades for a penny

The dollar-denominated secondary listings of Russian companies continued to plunge on the London Stock Exchange on Wednesday, as the local Russian stock market remained shut for a third day. Lukoil LKOD, -95.30% shares dropped 93%, Novatek NVTK, -96.71% dropped 77% and Rosneft Oil ROSN, -68.51% collapsed by 58%. X5 Retail FIVE, -28.83%, however, surged 58%. Sberbank SBER, -94.24%, Russia’s number-one lender, traded as low as a penny.

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