Russian stock alert

RUSS

CLOSING UPDATE: NLMK decreases 1.3%, led Iron/Steel sector lower 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).

NLMK, Russia's largest iron/steel company by market capitalisation, has decreased 1.3% to trade at RUB134.57 vs. the Iron/Steel sector which weakened 11.7 points (or 0.6%) to 2,128.4. Representing a weighting of about 36.8% of the sector, the stock accounted for 86.3% of today's loss. Trading volume was 74% of average at the end of the day. Compared with the MICEX Index which rose 0.1 points (or 0.01%) in the day, this represented a relative price change of -1.3%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.5% in the last week.

Note

Bullish Signals:

The positive 1.43 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 3.5% discount to 12-month high of RUB139.49 against the 38.4% premium to 12-month low of RUB97.27 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high ten times, pointing to a significant uptrend.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 7.6% [6.6%]

TODAY'S ALERTS

Afternoon Alert: NLMK decreases 0.1%

18 October 2017 14:08 SAMT

NLMK (MICEX:NLMK) traded on volume of 0.7 times average so far today while the price decreased 17.0 Kopeck (or 0.1%) to trade at RUB136.16.

Morning Alert: NLMK decreases 0.7%

18 October 2017 11:38 SAMT

NLMK (MICEX:NLMK) traded on volume of 0.7 times average so far today while the price decreased 89.0 Kopeck (or 0.7%) to trade at RUB135.44.

RECENT ALERTS

CLOSING UPDATE: NLMK up 2.6% in 2 days

17 October 2017 19:42 SAMT

NLMK, Russia's largest iron/steel company by market capitalisation, extended its gains on Tuesday, rising an additional 22.0 Kopeck (or 0.2%) to trade at RUB136.33. Trading volume was 87% of average at the end of the day. The shares have risen RUB3.48 (or 2.6%) over the past two trading days vs. the MICEX Index which has fallen 0.2% in the same period.

Afternoon Alert: NLMK decreases 0.7%

17 October 2017 14:12 SAMT

NLMK (MICEX:NLMK) traded on volume of 0.7 times average so far today while the price decreased RUB1.0 (or 0.7%) to trade at RUB135.11.

NLMK (M:NLMK; MCX:NLMK; MM:NLMK; RM:NLMK)

ISIN: RU0009046452

PermID: 4295887048

Source: www.BuySellSignals.com