Russian stock alert
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.
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:
Dividend yield of 7.6% [6.6%]
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.
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)