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,
-94.79%

shares dropped 93%, Novatek
NVTK,
-96.71%

dropped 77% and Rosneft Oil
ROSN,
-68.51%

collapsed by 58%. X5 Retail
FIVE,
0.24%
,
however, surged 58%. Sberbank
SBER,
-91.86%
,
Russia’s number-one lender, traded as low as a penny.