Stock market news

MOEX Group (Moscow Exchange)

Trading volume on Moscow Exchange's futures market totaled ₽9 trillion in August, which is the highest since February 2022. Leaders in terms of trading volume were futures on USD-RR and CNY-RR currency pairs, natural gas contracts, RTS and Moscow Exchange indices. Transactions with futures and options were concluded by a record number of clients in the histo...

Russneft Oil Company

RussNeft adjusted its investment program and postponed implementation of promising projects due to the current situation on the oil market. The projects on development of Vostochno-Kamennoye oilfield and construction of oil treatment unit in the Ulyanovsk branch were suspended. By the end of the year, the company intends to build about 70 wells with addition...

Transneft

Transneft Board of Directors Committee supported the proposal of the administration and management of the company to split the shares 100 times to increase their liquidity, said Gennady Shmal, a member of the company's Board of Directors. On the Board of Directors question on the split of shares may be submitted in September.

Mobile TeleSystems

MTS will develop 4G/5G base stations with the OpenRAN open architecture. Company plans to invest ₽5.6 billion in the project and receive another ₽5.4 billion in budget financing. Production is scheduled to start in September 2024. By June 2026, it is planned to establish serial production of stations up to 20,000 units per year.

Broadcom

Broadcom's GAAP net income for 9 months of fiscal 2023 was $10.558 billion, up 29.8% from $8.136 billion in the prior year. Revenue increased 9.3% to $26.524 billion compared to $24.273 billion a year earlier.

Pharmacy Chain 36.6

Pharmacy chain 36.6 bought Pharmakon, which operates 18 pharmacies in Ramensky District, Moscow Region. Transaction took place in a non-standard format for the market - the seller assigned the lease rights to the premises. Financial terms are not disclosed. Pharmakon's revenue in 2022 amounted to ₽771 million, profit - ₽38.8 million. According to Nikolay Bes...

Hello Group (Momo)

Hello Group's GAAP net income for 6 months of 2023 was CN¥957.06 million, up 51.2% from CN¥633.13 million in the previous year. Revenue fell 4.8% to CN¥5.957 billion from CN¥6.259 billion a year earlier.

MD Medical Group Investments

MD Medical shareholders approved the redomiciliation from Cyprus to a special administrative district on Oktyabrsky Island in Kaliningrad Region. Redomiciliation will take 4 to 9 months.

Abrau-Durso

Abrau-Durso plans to export at least 1 million bottles of sparkling wine to China by 2024. China can also become a good platform for the company's new products, as there is interest in Russian products there, but local consumers have rather specific tastes, said Pavel Titov, head of Abrau-Durso.

United Heavy Machinery

United Machine Works' IFRS net profit for 6 months of 2023 amounted to ₽0.935 billion, down 13 times from ₽12.037 billion in the previous year. Revenue declined 20.2% to ₽8.014 billion against ₽10.047 billion a year earlier.