OREANDA-NEWS. September 04, 2009. Weighted average price of shares of IDGC of North-West on August 31 accounted for 10.05 kopecks. The shares were listed above face value. Trade amount – 10,861 pieces.

In August on the first day of trading at MICEX IDGC of North-West shares were listed at the level of 9.09 kopecks (weighted average price). By the results of the month, the growth of shares value accounted for 10.56%. Since the beginning of the year the capitalization of IDGC of North-West increased by 89.62%.

The important result of August for IDGC of North-West were the results of the open trading for the right of the agreement signing for financial services rendering of the revolving credit lines opening and the credit support. The auction was carried out on August 18 and was approved taken place by all the lots. The total amount of the submitted applications for the participation on the auction accounted for 9.8 billion of rubles, which more than twice overrated the necessity required by the Company.

The credit rate by all the results of the auction was fixed at the level of 15-25% less than the cost of the active contracts. During the next day IDGC of North-West shares demonstrated the smooth growth  (against the correction observed in the first half of the month).

Information about the possible increase of the transition of the grid organizations to RAB showed the considerable influence to the capitalization of IDGC of North-West. The united grid company was included to the amount of the leaders of the shares growth at stock exchanges on August 28. The amount of trading at MICEX accounted for the day 76,390,547 pieces (which 7-fold increases the average daily trading turnover).