Stock market news

Samolet Group of Companies

Volume of real estate sales by developer Samolet in January-May 2024 amounted to 607,300 sqm, up 34% from 452,800 sqm a year earlier. In monetary terms, sales increased by 66% to ₽132.5 billion. Average price per sq. m. increased by 24% to ₽218.2 thousand. Share of mortgage transactions decreased by 16 p.p. to 75%.

MOEX Group (Moscow Exchange)

Kazakhstan is studying the possibility of buying out the shares of Kazakhstan Stock Exchange from Moscow Exchange, said the head of the National Bank of Kazakhstan Timur Suleimenov. Moscow Exchange owns 13.1% of KASE.

Rusolovo

US Department of Finance has placed Seligdar Holding and Rusolovo on the sanctions list. Restrictions also include the following subsidiaries: Seligdar Gold and Amursky Metallurgical Plant.

MOEX Group (Moscow Exchange)

US sanctions were imposed on Moscow Exchange and its subsidiaries, the National Settlement Depository and the National Clearing Center. Exchange trading in dollars and euros will no longer take place, and the Bank of Russia will now use bank statements and OTC trading data to determine the official dollar and euro to ruble exchange rates.

Seligdar

US Department of Finance has placed Seligdar Holding and Rusolovo on the sanctions list. Restrictions also include the following subsidiaries: Seligdar Gold and Amursky Metallurgical Plant.

NOVATEK

US sanctions have been imposed on all Novatek projects. Restrictions were imposed on Murmansk LNG, Ob Gas Chemical Complex, Arctic LNG-1 and Arctic LNG-3. Direct sanctions also hit seven of the 15 Arc7 tankers under construction at the Zvezda shipyard - the Alexei Kosygin, the Pyotr Stolypin, the Sergei Witte and four unnamed tankers.

VTB Bank

Moscow Exchange will limit settlement codes on VTB shares with reverse split. From July 9 to July 14 inclusive trades in the main mode will not be held.

Solidcore Resources

Polymetal in its new strategy does not plan dividends until the launch of Irtysh MMC, an autoclave complex in Kazakhstan. Capex of the project is estimated at $800 mln with a capacity of 250-300 thousand tons of concentrate per year with an output of about 15 tons of gold. Completion of construction and start of commissioning is expected in the second half o...

Solidcore Resources

Polymetal shareholders decided to change the company's name to Solidcore Resources.

MOEX Group (Moscow Exchange)

Bank of Russia has set limits on exchange trading in Russian shares acquired by residents or "friendly" non-residents from "unfriendly" counterparts before March 1, 2022, but settlements on which took place after that date. Maximum volume of transactions per day is limited to 10% of the trading volume at the time of submission of the trading order, but not m...