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Bloomberg reported Norilsk Nickel (LSE:MNOD) is heading for a two-month low after a credit downgrade.
Bloomberg reported Norilsk Nickel (LSE:MNOD) is heading for a two-month low after a credit downgrade.
As quoted in the market news:
OAO GMK Norilsk Nickel (GMKN) headed for its lowest in more than two months as the world’s biggest producer of the metal was cut to neutral from overweight by HSBC Holdings Plc.
The shares fell 1.1 percent to 5,341 rubles by 5:51 p.m. in Moscow, poised for their lowest since Jan. 11.