Stock market news

Severstal

Severstal's Board of Directors will consider the possibility of paying dividends this year at its next meeting. The company has a serious financial stability, the company's CEO Alexander Shevelev told TASS on the sidelines of the Russia exhibition and forum.

Territorial Generating Company № 2

In December, Rosimushchestvo received 59.8% of TGK-2 shares into direct disposal, according to the company's materials. The basis for the transfer of ownership was "the decision of Leninsky District Court of Yaroslavl dated 14.07.2023". In July, the court satisfied the claim of the Prosecutor General's Office to seize 83% of TGC-2 shares from private owners...

Phosagro

Phosagro's sulphuric acid production capacity at Apatit's Balakovo branch in the Saratov Region increased by 40% from 800,000 to 1.1 million tons of sulphuric acid per year in 2023. Phosagro's investment in the project amounted to almost ₽6.6 billion. In total, in 2023, the company allocated for the development of the Balakovo site ₽11.7 billion.

Rushydro

Cost of RusHydro's TPP-2 modernization in Vladivostok has almost tripled in 5 years and reached ₽66.3 billion, has found out Kommersant. Presumably, the company is expected to recoup its investments through increased capacity payments. However, there are doubts about the price reasonableness of the project, especially given the cost growth several times high...

SPB Exchange

SPB Exchange wants to stop forming the board of directors and transfer its functions to the company's management board, subject to restrictions set by the law. Such a decision is proposed for shareholders' consideration; an extraordinary meeting is to be held on January 19.

SPB Exchange

SPB Bank depositary together with international lawyers in early January presented to the Office of Foreign Assets Control of the U.S. Department of the Treasury a strategy for unblocking assets, the accounting organization said in a statement. At the same time, the depositary informed market participants that it lost its FATCA status due to sanctions agains...

MOEX Group (Moscow Exchange)

Total trading volume on Moscow Exchange markets totaled ₽1.3 quadrillion in 2023, up 18.2% from ₽1.1 quadrillion a year earlier. In December, total trading volume increased 47.6% to ₽139.6 trillion. Trading volume in the stock market rose 16.3% to ₽4.894 trillion. In the derivatives market, trading volume doubled to ₽8.808 trillion. In the foreign exchange m...

Sberbank

Sberbank plans to develop the direction of creating solutions for international settlements based on cryptocurrencies. The bank is currently looking for an executive director for the development of cryptocurrency solutions. Earlier, the Bank of Russia announced plans to launch a pilot project for the use of cryptocurrency and digital financial assets in cros...

Territorial Generating Company № 14

Power generation by TGC-14's power plants in 2023 amounted to 3.131 billion kW⋅h, which is 4.3% higher than the previous year's figure of 3 billion kW⋅h and the highest value in the company's history. Growth of electric power generation was due to the growth of electric power consumption in the power system and the regime-balance situation in the southeaster...

Transneft

Volume of crude oil transportation through the Transneft system in 2023 remained at the level of the previous year, slightly decreasing within one percent. Deliveries to non-CIS countries decreased by 6.5%. At the same time, the volume of supplies to China remained at the level of last year and amounted to 40 million tons. Supply volume to Russian refineries...