Russian stock alert
CLOSING UPDATE: Avangard Bank plummets 13.4% on strong volume 15 June 2018 19:47 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).
Avangard Bank, Russia's 4th largest bank by market capitalisation, traded on heavy volume of 2.7 times average today while the price plummeted RUB80.0 (or 13.4%) to trade at RUB515.0. Compared with the MOEX Russia Index which fell 16.4 points (or 0.7%) in the day, this represented a relative price change of -12.7%.
Avangard Bank today is at a discount of 26.6% to the 12-month high of RUB702.0 on 12 Mar, 2018. It is at a premium of 71.7% to the 12-month low of RUB300.0 on 23 Jun, 2017.
In the Russian market, the stock's relative price strength percentile is rising at 80 for 6 months, 80 for 3 months and 97 for 1 month.
The price increased 1.4% in the last week and soared 24.4% in the last month.
Afternoon Alert: Avangard Bank in 2nd consecutive rise, nears four-month high
15 June 2018 14:06 SAMT
Avangard Bank (MICEX:AVAN) extended its gains Friday, rising an additional RUB2.0 (or 0.3%) to trade at RUB597.0. The stock soared 17.13% on Thursday bringing its 2-day rise to 17.5%. It is now testing its 94-day high of RUB597.0.
Avangard Bank (M:AVAN; MCX:AVAN; MM:AVAN; RM:AVAN)