Russian stock alert
CLOSING UPDATE: Korshynov Mining Plant keeps sliding: down 14.9% in 3 days 26 July 2017 19:44 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).
Korshynov Mining Plant, Russia's 5th largest iron/steel company by market capitalisation, extended its slide on Wednesday, shedding an additional RUB5,200.0 (or 8.6%) to trade at RUB55,300.0. Trading volume was 15% of average at the end of the day. The shares have fallen RUB9,700.0 (or 14.9%) over the past three trading days vs. the MICEX Index which has risen 0.4% in the same period.
Korshynov Mining Plant today is at a discount of 48.7% to the 12-month high of RUB107,800.0 on 11 May, 2017. It is at a premium of 75.6% to the 12-month low of RUB31,500.0 on 04 Aug, 2016.
The stock has outperformed 66% of the Russian market over the past 6 months.
In the last three months the stock has hit a new 52-week high once.
The present value of RUB1,000 invested one year ago is RUB1,728 [vs RUB997 for the MICEX Index].
Morning Alert: Korshynov Mining Plant keeps sliding: down 7.7% in 3 days
26 July 2017 11:38 SAMT
Korshynov Mining Plant (MICEX:KOGK) extended its slide on Wednesday, shedding an additional RUB500.0 (or 0.8%) to trade at RUB60,000.0. The shares have fallen RUB5,000.0 (or 7.7%) over the past three trading days vs. the MICEX Index which has risen 0.3% in the same period.
Korshynov Mining Plant (M:KOGK; MCX:KOGK; MM:KOGK; RM:KOGK)