Russian stock alert
CLOSING UPDATE: Avangard Bank tumbles gains by 8.8% 18 October 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).
Avangard Bank, Russia's 5th largest bank by market capitalisation, traded on volume of 0.8 times average today while the price jumped RUB29.0 (or 6.2%) to trade at RUB499.0. Compared with the MICEX Index which rose 0.1 points (or 0.01%) in the day, this represented a relative price increase of 6.2%.
Avangard Bank today is at a discount of 19.3% to the 12-month high of RUB618.0 on 09 Dec, 2016. It is at a premium of 80.1% to the 12-month low of RUB277.0 on 12 May, 2017.
The stock has outperformed 74% of the Russian market over the past 6 months.
Afternoon Alert: Avangard Bank soars 16.4%
18 October 2017 14:08 SAMT
Avangard Bank (MICEX:AVAN) traded on volume of 0.1 times average so far today while the price soared RUB77.0 (or 16.4%) to trade at RUB547.0.
Avangard Bank (M:AVAN; MCX:AVAN; MM:AVAN; RM:AVAN)