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