Shares “Magnet” and x5 Retail fell after checking FAS

The shares of Russian retailers fell at the bidding on the Moscow Stock Exchange after it became known about unscheduled inspections of the Federal Antimonopoly Service (FAS). This is evidenced by trading data.

In particular, the securities of X5 fell by 1.4 percent, “magnet” – by 0.7 percent, and “ribbons” – by 1.4 percent at the beginning of trading. By the time of the publishing of the material, the value of the shares bounced a bit. The decrease in X5 to 14:30 is estimated at 0.53 percent, and the shares of “magnet” fell by 1.31 percent, to 5.465 rubles. As for the “ribbon”, the fall was 0.26 percent.

The reason for the rally on the Checkery of the FAS. Under suspicion, x5 group (Pyaterochka shops, “Crossroads”, “Carousel”), “Ribbon” and “Magnit” were used. The reason for this, according to the department, were the appeal of citizens. The press service noted that the turnover of the audited organizations at the end of last year exceeded 4 trillion rubles. Conclusions about the presence of violations will be done after the completion of the raids and the analysis of all information received.

Later, the FAS accused “Magnit” in attempts to prevent raids. The service explained that the protection of the business center banned the entrance to the FAS employees to the building. According to them, no one from the employees “Magnit” was not at workplaces

/Media reports.