Rosneft shares became more affordable, which will give additional dynamics of the company’s shares and increase the demand for them from private investors and algorithmic systems. From September 1, 2021, Rosneft shares on the Moscow Stock Exchange can be bought by the venue – the playground reduced the size of the trading lot from 10 to 1 securities. This is a common practice from Western companies: the availability of papers due to crushing lots increased, for example, such corporations as Tesla and Apple. This is written about this “Vedomosti” with reference to the exchange data.
A similar revision of the lot occurred with the shares of “Tattelecom” (from 10 to 1 thousand), Bank “St. Petersburg” (from 1,100 to 100), depository receipts of the clinics network “Mother and Child” (from 10 to 1) and Some other papers.
Exchange revises the size of lots once every six months in order to increase the availability of securities, explained by the Director of the Market Market Market Department Mosbirji Boris Blokhin. Usually the size of the lot decreases for papers, the quotations of which demonstrate steady growth and have a significant potential for further increase in value. For example, Rosneft shares for the year went up by more than 53 percent, substantially overtaking in the dynamics the main Russian stock index – the Mosbier index, added Boris Blokhin.
Reduction of lots on stocks can give additional dynamics of shares due to the growth of interest on them from private investors, the head of the SOVA Capital institutional clients department Denis Zabolotiv, who recalled, believes that it is similar – due to the crushing of shares – the availability of their own Securities raised Tesla and Apple.