Russian stock alert
CLOSING UPDATE: Severstal decreased further 1.0% on robust volume 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).
Severstal, Russia's 2nd largest iron/steel company by market capitalisation, traded on heavy volume of 1.5 times average today while the price dropped RUB28.0 (or 3.3%) to trade at RUB819.30. Compared with the MICEX Index which fell 15.7 points (or 0.8%) in the day, this represented a relative price change of -2.5%.
Technical indicators complementing today's significant downtrend:
+ The price decreased 1.7% in the last week.
Severstal today is at a discount of 22.1% to the 12-month high of RUB1,051.50 on 09 Dec, 2016. It is at a premium of 21.8% to the 12-month low of RUB672.50 on 19 Jun, 2017.
The positive 35.37 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
In the Russian market, the stock's relative price strength percentile is improving at 57 for 6 months, 75 for 3 months and 87 for 1 month.
The company is cash rich with Cash to Market Capitalisation at 10.1%.
Interest cover is less leveraged at 11.7 times.
Tobin's Q Ratio is 1.8. Compared with the rest of the market the stock is undervalued.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price to Book of 4.2 [7.1]
Return on Assets 25% [15.6%]
Afternoon Alert: Severstal drops 2.3% on firm volume
21 July 2017 14:09 SAMT
Severstal (MICEX:CHMF) traded on heavy volume of 1.2 times average so far today while the price dropped RUB19.40 (or 2.3%) to trade at RUB827.90.
Morning Alert: Severstal decreases 1.7%
21 July 2017 11:38 SAMT
Severstal (MICEX:CHMF) traded on volume of 1.0 times average so far today while the price decreased RUB14.20 (or 1.7%) to trade at RUB833.10.
Afternoon Alert: Severstal drops 2.4% on high volume
20 July 2017 14:07 SAMT
Severstal (MICEX:CHMF) traded on heavy volume of 1.9 times average so far today while the price dropped RUB20.50 (or 2.4%) to trade at RUB837.70.
Morning Alert: Severstal decreases 0.6% on strong volume
20 July 2017 11:38 SAMT
Severstal (MICEX:CHMF) traded on heavy volume of 3.1 times average so far today while the price decreased RUB4.80 (or 0.6%) to trade at RUB853.40.
Severstal (M:CHMF; MCX:CHMF; MM:CHMF; RM:CHMF)