Russian stock alert
CLOSING UPDATE: MegaFon in 3rd consecutive fall, nears two-month low 20 October 2017 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).
MegaFon, Russia's 2nd largest telecommunication company by market capitalisation, slipped further on Friday, sliding an additional 20.0 Kopeck (or 0.03%) to trade at RUB583.90. The stock decreased 0.19% on Wednesday and 0.78% on Thursday bringing its 3-day fall to 1.0%. It is now approaching its 38-day low of RUB580.10. Compared with the MICEX Index which fell 1.5 points (or 0.07%) in the day, this represented a relative price increase of 0.04%.
Morning Alert: MegaFon decreases 0.03% on firm volume
20 October 2017 11:38 SAMT
MegaFon (MICEX:MFON) traded on heavy volume of 1.2 times average so far today while the price decreased 20.0 Kopeck (or 0.03%) to trade at RUB583.90.
MegaFon (M:MFON; MCX:MFON; MM:MFON; RM:MFON)