Stock market news

MOEX Group (Moscow Exchange)

Moscow Exchange acquired 50.1% in ProCompliance LLC, which develops software to automate compliance services on the financial market. Within three years, the share of the stock exchange may be increased to 100%. Combining the experience and capabilities of Mosbirzhi's ProCompliance team will make it possible to offer unique compliance solutions to market par...

VTB Bank

VTB management, despite plans to earn a record profit in 2023, will recommend against paying dividends to restore the bank's capital, said VTB Deputy Chairman Dmitry Pyanov. He also reminded that the banks that enjoy regulatory relief in terms of capital adequacy ratios are limited in dividend payments.

Sistema

Sistema's Sistema-Biotech company has developed a technology for producing recombinant therapeutic proteins. Such proteins are used to produce biotechnological drugs based on monoclonal antibodies, including in the treatment of autoimmune diseases and oncology. Some Russian companies with R&D laboratories have such developments, but they are used only at the...

VTB Bank

VTB's IFRS loss for 2022 was ₽612.6 billion, compared with a profit of ₽327.4 billion in previous year. Net interest income halved to ₽321 billion from ₽646.3 billion a year earlier.

SPB Exchange

Trading volume of foreign stocks on SPB Exchange in March 2023 was $2.65 bln, down 2.2 times from $5.9 bln a year earlier and down 1.8 times from $4.69 last month. Number of active accounts declined 32.37% to 134,100. Hong Kong securities trading volume was HK$0.76bn, down twofold.

MOEX Group (Moscow Exchange)

Total trading volume on Moscow Exchange markets in March 2023 was ₽105.6 trillion, down 31.7% from ₽154.5 trillion a year earlier. Trading volume in the stock market increased fivefold to ₽3.186 trillion. In the futures market, trading volume increased 2.6 times to ₽5.9 trillion. Trading volume in the foreign exchange market decreased 40% to ₽24.7 trillion....

Mechel

Gazprombank filed two lawsuits against Mechel with the Moscow Arbitration Court. One of them is for the amount of more than ₽11.9 billion. Size of the second claim is still unknown. Probably, lawsuits are connected with the company's liabilities to foreign creditors under loans guaranteed by export agencies, which still have not been restructured. According...

NanduQ (QIWI)

Amount of transaction on purchase of Qiwi 79% in the advertising agency Realweb was ₽1,773 billion, follows from the annual report of the company. Earlier the amount of the deal was not disclosed. RealWeb's revenue for 2022 was ₽24 billion, EBITDA was ₽470 million.

Nebius Group

IT-company Yandex introduced new devices for the smart home, which will appear on sale this spring. These include a new Station Max and a Yandex Hub with Zigbee protocol support to create a system from a large number of low-power devices. A set of sensors will also be available: window and door openers, motion and light sensors, temperature and humidity sens...

Sollers

Sollers' RAS net income for 2022 was ₽0.253 billion, down 4.6 times from ₽1.161 billion in the previous year. Revenue increased 42% to ₽85.705 million versus ₽60.374 million a year earlier.