Russian stock alert

RUSS

CLOSING UPDATE: NLMK increases 0.8%, led Iron/Steel sector higher 18 January 2018 19:43 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 increased 0.8% to trade at RUB152.40 vs. the Iron/Steel sector which strengthened 7.2 points (or 0.4%) to 1,676.3. Representing a weighting of about 39.3% of the sector, the stock accounted for 70.8% of today's gain. The shares have outperformed 83% of the market in the past three months. Trading volume was 89% of average at the end of the day. Compared with the MOEX Russia Index which rose 20.8 points (or 0.9%) in the day, this represented a relative price change of -0.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 3.22 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price increased 0.7% in the last week and jumped 6.1% in the last month.

+ The present value of RUB1,000 invested one year ago is RUB1,450 [vs RUB1,057 for the MOEX Russia Index].

Note

Overbought/Bearish:

The 1.6% discount to 12-month high of RUB154.80 against the 56.7% premium to 12-month low of RUB97.27 suggests the climb might be peaking.

TODAY'S ALERTS

Afternoon Alert: NLMK increases 0.4% on firm volume

18 January 2018 14:06 SAMT

NLMK (MICEX:NLMK) traded on heavy volume of 1.2 times average so far today while the price increased 63.0 Kopeck (or 0.4%) to trade at RUB151.86.

Morning Alert: NLMK increases 0.2% on robust volume

18 January 2018 11:38 SAMT

NLMK (MICEX:NLMK) traded on heavy volume of 1.5 times average so far today while the price increased 34.0 Kopeck (or 0.2%) to trade at RUB151.57.

RECENT ALERTS

CLOSING UPDATE: NLMK increases 0.5%

17 January 2018 19:45 SAMT

NLMK, Russia's largest iron/steel company by market capitalisation, traded on volume of 0.6 times average today while the price increased 73.0 Kopeck (or 0.5%) to trade at RUB151.23. Compared with the MOEX Russia Index which rose 20.6 points (or 0.9%) in the day, this represented a relative price change of -0.4%.

Afternoon Alert: NLMK decreases 1.1%

17 January 2018 14:06 SAMT

NLMK (MICEX:NLMK) traded on volume of 0.9 times average so far today while the price decreased RUB1.65 (or 1.1%) to trade at RUB148.85.

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

ISIN: RU0009046452

PermID: 4295887048

Source: www.BuySellSignals.com