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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  ROSSETI South    MRKY   RU000A0JPPG8

ROSSETI SOUTH

(MRKY)
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Russian c.bank blocks effort by private investors to coordinate on stocks via Telegram

03/10/2021 | 06:26am EDT

MOSCOW, March 10 (Reuters) - Russia's central bank said on Wednesday it had ordered brokers to block the accounts of more than 60 private investors it suspected of coordinating in a Telegram channel to try to raise the share price of an electric utilities firm.

In a development reminiscent of lurches in U.S. video game retailer GameStop's stock price in January, the regulator said it had detected non-market pricing on Friday in shares in MRSK Yuga, a Rosseti portfolio company.

The central bank said it had sent instructions to Sberbank , VTB, Tinkoff, Alfa Bank, Otkritie Broker, BCS and Aton to suspend deals and operations on organised trading for individual clients.

Tinkoff said it had received the instruction and would restrict access for 39 clients. Sberbank said it does not disclose information on client operations. BCS and Aton declined to comment. The other brokers did not immediately respond.

It was the first time the central bank had publicly announced it was taking preventative measures, such as blocking brokerage accounts, to stop violations to the law on market manipulation.

The central bank, which was still investigating, identified non-market pricing on MRSK securities at 1300 GMT on Friday, Valery Lyakh, head of the bank's department for countering dishonest practices, told a briefing on Wednesday.

"This non-market pricing continued for about half an hour," he added, before the bank detected Telegram channels that were disseminating information about coordinated actions and seeking to create artificial volatility in the market for those shares.

"More than 60 accounts of individuals have been blocked until the situation is clarified," Lyakh said.

"Our task is not to fight with social media sites, but to maintain market pricing."

Lyakh did not name the Telegram channel, but said the transactions had occurred on the Moscow Exchange.

(Reporting by Elena Fabrichnaya; writing by Alexander Marrow; editing by Katya Golubkova and Philippa Fletcher)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MOSCOW EXCHANGE MICEX-RTS -1.34% 172 End-of-day quote.7.79%
ROSSETI SOUTH -0.64% 0.0463 End-of-day quote.-4.63%
ROSSETI, 0.07% 1.449 End-of-day quote.-17.34%
SBERBANK -1.78% 283.17 End-of-day quote.4.45%
TCS GROUP HOLDING PLC 7.00% 60.52 Delayed Quote.71.91%
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Financials
Sales 2021 40 575 M 535 M 535 M
Net income 2021 350 M 4,61 M 4,61 M
Net Debt 2021 19 843 M 261 M 261 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 7 021 M 92,0 M 92,5 M
EV / Sales 2021 0,66x
EV / Sales 2022 0,70x
Nbr of Employees 13 621
Free-Float 15,9%
Chart ROSSETI SOUTH
Duration : Period :
ROSSETI South Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 0,04 RUB
Last Close Price 0,05 RUB
Spread / Highest target 7,99%
Spread / Average Target -13,6%
Spread / Lowest Target -35,2%
EPS Revisions
Managers and Directors
NameTitle
Boris Borisovich Ebzeev Director General & Director
Alexey Alexandrovich Rybin Deputy Director General-Economics & Finance
Sergey Aleksandrovich Arkhipov Chairman
Pavel Viktorovich Goncharov Deputy General Director-Technical
Roman Filkin Director
Sector and Competitors
1st jan.Capitalization (M$)
ROSSETI SOUTH-4.63%92
TENAGA NASIONAL-2.88%14 016
ZHEJIANG ZHENENG ELECTRIC POWER CO., LTD.1.65%7 696
GD POWER DEVELOPMENT CO.,LTD-0.44%6 551
ENEVA S.A.6.28%3 718
UNIPRO3.05%2 377