Russian stock alert

RUSS

CLOSING UPDATE: Nizhny Novgorod Retail Co down 13.0% in 2 days 18 October 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).

Nizhny Novgorod Retail Co, Russia's 22nd largest electric company by market capitalisation, extended its slide on Wednesday, shedding an additional RUB135.0 (or 11.9%) to trade at RUB1,000.0. Trading volume was 2.4 times average at the end of the day. The shares have fallen RUB150.0 (or 13.0%) over the past two trading days vs. the MICEX Index which has fallen 0.5% in the same period.

Note

Nizhny Novgorod Retail Co today is at a discount of 30.6% to the 12-month high of RUB1,440.0 on 12 Sep, 2017. It is at a premium of 62.6% to the 12-month low of RUB615.0 on 04 Apr, 2017.

The stock has outperformed 58% of the Russian market over the past 6 months.

Bullish Signals:

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

TODAY'S ALERT

Afternoon Alert: Nizhny Novgorod Retail Co down 10.4% in 2 days

18 October 2017 14:08 SAMT

Nizhny Novgorod Retail Co (MICEX:NNSB) extended its slide on Wednesday, shedding an additional RUB105.0 (or 9.3%) to trade at RUB1,030.0. The shares have fallen RUB120.0 (or 10.4%) over the past two trading days vs. the MICEX Index which has fallen 0.7% in the same period.

Nizhny Novgorod Retail Co (M:NNSB; MCX:NNSB; MM:NNSB; RM:NNSB)

ISIN: RU000A0ET5A1

PermID: 4297051789

Source: www.BuySellSignals.com