Stock market news

Sberbank

Sberbank's RAS net profit for 11 months of 2023 amounted to ₽1.378 trillion, up 8 times from ₽0.175 trillion a year earlier. Net interest income rose 37.8% to ₽2.11 trillion. Fee and commission income rose 16.2% to ₽0.636 billion.

Solidcore Resources

Polymetal shareholders approved a new exchange of shares blocked at NSD and other Russian depositories for shares traded on Kazakhstan's AIX exchange at a one-to-one ratio. Exchange proposal applies only to shareholders who are not "unfriendly" to Russia and are not subject to sanctions. As of today, blocked remain 14% of Polymetal shares.

Severstal

Severstal signed a contract with a company from China to supply equipment for the construction of an iron ore pellet production complex at the Cherepovets Steel Mill site with a capacity of 10 million tons of pellets per year. First deliveries of the equipment are planned for the fourth quarter of 2024. Investment in the project will amount to about ₽97 bill...

Nebius Group

Experts from the Epoch AI Center and scientists from the Massachusetts Institute of Technology have recognized Yandex as one of the world leaders in the development of artificial intelligence. In total, there are 23 companies on the list. They were evaluated by the number of scientific publications, their citations, training of AI models and development of a...

KAMAZ

Kamaz plans to triple production of K5 generation trucks in 2024. In addition, the company intends to design its own tourist bus next year. In 2023, Kamaz expects a record IFRS profit of about ₽5 billion.

Mobile TeleSystems

MTS launched beta testing of the Nuum video content platform. Users of the new platform will be able to stream, upload and watch videos in horizontal and vertical formats. Purpose of beta testing is to finalize key features together with users, every 2-3 weeks the product will be updated with user feedback. A full-fledged launch is planned for 2024.

VTB Bank

VTB is launching a new oil trading business. Bank intends to provide a full cycle of services that are usually provided by oil traders: financing of petroleum product stocks, provision of temporary leverage, logistics and delivery of goods to the location. It is also planned to create stocks of petroleum products and ensure their storage. A local oil trading...

VK

VK has opened its first office in Belarus. It will house 50 developers from the teams of VKontakte, Zen and VK Tech. VK services are already familiar to millions of users in Belarus, and now we want to get acquainted with the Belarusian IT-community, said Nadezhda Serova, VK Vice-President for HR and educational projects. Already today, VK will hold the firs...

VTB Bank

VTB plans to start providing brokerage services to legal entities in 2024. Bank sees strong demand for brokerage products from corporate clients and intends to provide them with the opportunity to place free funds through repo transactions, trade securities and hedge currency risks with futures contracts on the Moscow Exchange. In addition, VTB will offer le...

MOEX Group (Moscow Exchange)

Moscow Exchange is developing a service for corporate bond issuers to create the Bookbuilder order book. Solution will provide simultaneous access to the order book for all placement participants, its export and storage of the history of changes. It will also include group chat functionality. Moscow Exchange will present a test version of the product in the...