Norilsk Slumps Most in Month on Dividend Concerns: Moscow Mover
This article is for subscribers only.
OAO GMK Norilsk Nickel fell the most in a month as investors bet the world’s largest producer of the metal may pay smaller dividends than expected.
Norilsk retreated as much as 3.3 percent before closing down 2.1 percent at 5,266 rubles by the close in Moscow, the biggest drop since Nov. 13. The amount of shares traded was 853,450, equivalent to 2.5 times the three-month average. The stock’s 10-day volatility surged to 38.646, the highest since March 6, according to Bloomberg data.