https://www.miningweekly.com

Polymetal shares eye tentative rebound after BlackRock ups stake

1st March 2022

By: Reuters

  

Font size: - +

MILAN – Shares in Polymetal showed signs of stabilising amid a tentative rebound in Russian-exposed stocks in Europe on Tuesday as investors welcomed news that BlackRock doubled its stake in the London-listed miner heavily hit by sanctions against Russia.

The world's largest money manager raised its stake in Polymetal to slightly above 10%, according to a filing published on Tuesday, after shares in the company slumped more than 70% in the previous three days.

Polymetal shares moved in and out positive territory in opening deals and by 08:30 GMT they were up 1.2%. Other Russian-exposed stocks also rebounded with Evraz leading the way, up 5%, while banks UniCredit and Raiffeisen rose 3% and 2%, respectively.

To watch Creamer Media's latest video reports, click here
 

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 1.087s - 111pq - 2rq
Subscribe Now