Russian stock alert
Afternoon Alert: Abrau-Durso down 10.2% in 2 days 25 July 2017 14:09 SAMT
NEWS BITES - BRIC
Abrau-Durso (MICEX:ABRD) extended its slide on Tuesday, shedding an additional RUB13.0 (or 6.4%) to trade at RUB190.0. Trading volume was 27% of average so far today. The shares have fallen RUB21.50 (or 10.2%) over the past two trading days vs. the MICEX Index which has fallen 0.4% in the same period.
Abrau-Durso today is at a discount of 12.4% to the 12-month high of RUB217.0 on 24 Jul, 2017. It is at a premium of 140.5% to the 12-month low of RUB79.0 on 01 Aug, 2016.
The stock has outperformed 97% of the Russian market over the past 6 months.
In the last three months the stock has hit a new 52-week high eleven times, pointing to a significant uptrend.
The present value of RUB1,000 invested one year ago is RUB2,360 [vs RUB997 for the MICEX Index].
Abrau-Durso (M:ABRD; MCX:ABRD; MM:ABRD; RM:ABRD)