Russian stock alert

RUSS

CLOSING UPDATE: NLMK down 2.0% in 2 days 21 July 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, extended its slide on Friday, shedding an additional 23.0 Kopeck (or 0.2%) to trade at RUB124.24. Trading volume was 81% of average at the end of the day. The shares have fallen RUB2.59 (or 2.0%) over the past two trading days vs. the MICEX Index which has fallen 1.1% in the same period.

Note

Bullish Signals:

The positive 4.06 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 2.9% discount to 12-month high of RUB127.88 against the 24.7% premium to 12-month low of RUB99.60 suggests the stock continues to push for new highs.

In the Russian market, the stock's relative price strength percentile is rising at 90 for 6 months, 90 for 3 months and 93 for 1 month.

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

The price increased 0.6% in the last week and soared 18.3% in the last month.

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

Undervaluation:

Dividend yield of 6.5% [2.5%]

TODAY'S ALERTS

Afternoon Alert: NLMK decreases 0.5%

21 July 2017 14:09 SAMT

NLMK (MICEX:NLMK) traded on volume of 0.7 times average so far today while the price decreased 57.0 Kopeck (or 0.5%) to trade at RUB123.90.

Morning Alert: NLMK decreases 2.0%

21 July 2017 11:38 SAMT

NLMK (MICEX:NLMK) traded on volume of 0.9 times average so far today while the price decreased RUB2.45 (or 2.0%) to trade at RUB122.02.

RECENT ALERTS

CLOSING UPDATE: NLMK hits 52-week high fourth time in one month

20 July 2017 19:44 SAMT

NLMK, Russia's largest iron/steel company by market capitalisation, hit a 52-week high of RUB127.88 today for the fourth time in the past one month and last traded at RUB124.47. Trading volume was 1.1 times average at the end of the day. Compared with the MICEX Index which rose 3.6 points (or 0.2%) in the day, this represented a relative price change of -2.1%.

Afternoon Alert: NLMK decreases 1.7%

20 July 2017 14:07 SAMT

NLMK (MICEX:NLMK) traded on volume of 1.0 times average so far today while the price decreased RUB2.13 (or 1.7%) to trade at RUB124.70.

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

ISIN: RU0009046452

PermID: 4295887048

Source: www.BuySellSignals.com