MALAYSIAN businessman John Soh Chee Wen the accused mastermind of the 2013 penny stock crash and his co-conspirator Quah Su-Ling were found guilty by the Singapore High Court of the country’s most serious case of market manipulation last Thursday. They have been convicted of criminal conspiracy, including false trading, price manipulation, deception and cheating.
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By Yekaterina Yezhova
MOSCOW, Dec 28 (PRIME) The Moscow Exchanges telecoms index rose by 6.1% in 2020 mostly thanks to robust performance of Rostelecom on the back of acquisition of Tele2 and other firms, while MTS is mainly a dividend-paying stock, analysts said, adding that Yandex still has growth potential.
The telecom companies managed to maintain the financial results, which is advantageous compared to the other industries, investment company IC RUSS-INVEST analyst Dmitry Bedenkov told PRIME
He added that the lockdown boosted services and raised the companies revenue.
MTS ordinary shares accounted for 72.72% of the telecom index weight on December 24, Rostelecoms ordinary shares for 22.30%, its preferred shares for 2.99%, and the preferred shares of MGTS, controlled by MTS, for 1.99%.
By Yekaterina Yezhova
MOSCOW, Dec 28 (PRIME) The Moscow Exchanges telecoms index rose by 6.1% in 2020 mostly thanks to robust performance of Rostelecom on the back of acquisition of Tele2 and other firms, while MTS is mainly a dividend-paying stock, analysts said, adding that Yandex still has growth potential.
The telecom companies managed to maintain the financial results, which is advantageous compared to the other industries, investment company IC RUSS-INVEST analyst Dmitry Bedenkov told PRIME
He added that the lockdown boosted services and raised the companies revenue.
MTS ordinary shares accounted for 72.72% of the telecom index weight on December 24, Rostelecoms ordinary shares for 22.30%, its preferred shares for 2.99%, and the preferred shares of MGTS, controlled by MTS, for 1.99%.
Russian stocks may decline following drop in oil prices
MOSCOW, Dec 23 (PRIME) Russian stocks may decrease at the opening on Wednesday amid a drop in oil prices and a mixed foreign background, analysts said.
We expect the MOEX Russia Index to open with a decrease of 0.20.5%, in the range of 3,2203,230 points. The nearest support levels will be 3,210 and 3,200 points. The main resistance will remain at 3,240 and 3,250 points, Vitaly Manzhos, senior risk manager at investment company Algo Capital, said.
Before the start of trading in Russia, the U.S. stock index futures are falling within 0.10.2%, Brent oil futures lost 1.6%, Chinas Shanghai Composite added 0.6%, and Japans Nikkei225 rose 0.4%.