Russian stock alert
CLOSING UPDATE: Inter Rao UES up 2.2% in 2 days 19 January 2018 19:43 SAMT
NEWS BITES - BRIC
This is an end of day Alert, produced after today's Russian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Inter Rao UES, Russia's largest electric company by market capitalisation, extended its gains on Friday, rising an additional 3.60 Kopeck (or 1.0%) to trade at RUB3.52. Trading volume was 1.2 times average at the end of the day. The shares have risen 7.40 Kopeck (or 2.2%) over the past two trading days vs. the MOEX Russia Index which has risen 0.6% in the same period.
Technical indicators complementing today's significant uptrend:
+ The price lifted 2.3% in the last week and increased 0.7% in the last month.
Inter Rao UES today is at a discount of 16.5% to the 12-month high of RUB4.21 on 06 Apr, 2017. It is at a premium of 9.0% to the 12-month low of RUB3.22 on 27 Dec, 2017.
The negative 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
The stock has underperformed 88% of the Russian market over the past 6 months.
In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.
Morning Alert: Inter Rao UES decreases 0.2%
19 January 2018 11:38 SAMT
Inter Rao UES, JSE (MICEX:IRAO) traded on volume of 0.8 times average so far today while the price decreased 0.70 Kopeck (or 0.2%) to trade at RUB3.47.
Morning Alert: Inter Rao UES increases 1.7% on high volume
18 January 2018 11:38 SAMT
Inter Rao UES, JSE (MICEX:IRAO) traded on heavy volume of 2.4 times average so far today while the price increased 5.70 Kopeck (or 1.7%) to trade at RUB3.50.
CLOSING UPDATE: Inter Rao UES recovers 0.9% on firm volume
17 January 2018 19:45 SAMT
Inter Rao UES, Russia's largest electric company by market capitalisation, traded on heavy volume of 1.1 times average today while the price decreased 0.50 Kopeck (or 0.1%) to trade at RUB3.44. Compared with the MOEX Russia Index which rose 20.6 points (or 0.9%) in the day, this represented a relative price change of -1.1%.
Inter Rao UES, JSE (M:IRAO; MCX:IRAO; MM:IRAO; RM:IRAO)