Stock market news

Magnitogorsk Iron and Steel Works

MMK's sales of marketable steel products in the first half of 2024 decreased by 0.8% to 5.781 million tons. Share of high value-added products decreased by 0.7 p.p. to 42.3%. Steel output fell by 2.6% to 6.348 million tons. Pig iron output grew by 1.7% to 4.998 million tons. Coal concentrate production fell 25.2% to 1.346 million tons, while iron ore output...

Russneft Oil Company

SFI has reduced its stake in Russneft ordinary shares from 9.8% to 1.1%, follows from the issuer's message on the information disclosure server. In the second quarter the company made a number of stock exchange and over-the-counter transactions, as a result of which the stake in Russneft was fully sold, explained a representative of the holding in response t...

SFI

SFI has reduced its stake in Russneft ordinary shares from 9.8% to 1.1%, follows from the issuer's message on the information disclosure server. In the second quarter the company made a number of stock exchange and over-the-counter transactions, as a result of which the stake in Russneft was fully sold, explained a representative of the holding in response t...

KAMAZ

Kamaz's RAS net profit for 6 months of 2024 amounted to ₽0.642 billion, down 20 times from ₽12.997 billion in the previous year. Revenue fell 14.9% to ₽156.34 billion against ₽183.75 billion a year earlier.

MOEX Group (Moscow Exchange)

Volume of treasury transactions through MOEX Treasury doubled to over ₽10.9 trillion in 1H 2024. Most popular are deposits with CCs, which allow to place funds at an attractive rate. Volume of such operations more than doubled to ₽9.9 trillion. Volume of conversion operations in the foreign exchange market reached ₽635 billion, volume of operations in the M-...

Territorial Generating Company № 14

Power generation by TGC-14 power plants in the first six months of 2024 amounted to 1.8 bln kWh, up 9.8% year-on-year. Heat generation increased by 3.9% and amounted to 3.4 Gcal. Significant growth of indicators was influenced by several factors at once: stable dynamics of consumption in the whole UES of Siberia and low outdoor air temperature.

LSR Group

Value of LSR's new contracts for 6 months of 2024 amounted to ₽86 bln, up 28%. In physical terms, the volume of sales decreased by 2.9% to 369 thousand sq. m. Share of mortgage transactions increased by 6 p.p. and amounted to 83%.

Ozon Holdings

Ozon Bank plans to intensify the development of credit products for individuals and companies from 2025. At first, it will focus on servicing marketplace sellers, and then scale the service to non-affiliated companies. According to RBC's calculations, Ozone Bank and Yandex Bank have already overtaken the top-50 banks in terms of deposit growth rate and will...

EvroTrans

Eurotrans' majority shareholders are planning to announce a share buyback from minority shareholders. They intend to purchase up to 20 million shares at ₽350 per share. Buyback program is scheduled to be launched in August this year and will run until August 2027.

Rosseti Moscow Region

Rosseti Moscow Region and the Yandex.Filling service launched the first 20 electric charging stations at transformer substations in Moscow. Total of about 200 EV charging stations are planned to be installed by the end of 2024.