Shares of Polyus and Polymetal reacted with a decrease to getting into the sanctions lists

Shares of gold mining companies “Pole” and Polymetal (owns assets in Russia through JSC “Polymetal”) reacted with a decrease to being included in the US sanctions list, follows from the data of the Moscow Exchange.

In particular, as of 17:34 Moscow time, shares “Poles” dropped to 10,046 rubles, losing almost 3%. By 18:02 they were trading at the level of 9985 rubles. By 20:45, the value of the shares returned to 10,139 rubles. for paper (-1.95%).

At the same time, shares Polymetal by 18:03 Moscow time they were down by more than 11% and traded at the level of 575.2 rubles. for paper. Subsequently, they won back part of the losses – the cost of one share reached 620.5 rubles. by 20:50 (-5.4%)

Earlier today, on May 19, the US Treasury imposed blocking sanctions on Russian gold mining companies. In addition, Australia and the United Kingdom also imposed sanctions on Polyus.