Russian stock alert
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].
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.
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.
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)