The company and stock market
The year 2017 was challenging for the Russian stock market. Multiple factors impacted share prices of many companies. MOEX index started to decline in February ending in a -20% drop by mid-June, since investors were disappointed with prospects for mending ties between Russia and USA as well as with failures to execute the Government directive to pay 50% of net income as dividends by some companies. The mid-June growth has replaced the setback but by the year-end the index was still unable to rebound to levels seen in the early days of 2017.
During 2017 the investment community showed a far greater interest to the Company’s stock, if compared to the previous years. Thus, the annual trading volume in monetary and quantitative terms totaled RUB 872.6 million and 4.8 billion respectively. The annual number of transactions amounted to 35.3 thousand.
The price for the Company’s common shares added 28.13% during 2017, starting from RUB 0.1635 (average weighted price of the last trading day of 2016) and ending RUB 0.2095 (average weighted price of the last trading day of 2017). The Company’s market value as of the last trading day (29.12.2017) totaled RUB 18.3 billion.