Bloomberg News

Russian Stocks Decline Led by Gazprom, Rosneft, Norilsk Nickel

December 24, 2009

Russian stocks fell, led by declines in OAO Rosneft and OAO Gazprom, the country’s two biggest energy companies, and OAO GMK Norilsk Nickel, its largest mining company.

The Micex (INDEXCF) Index slipped 1.1 percent to 1,351.19 in Moscow with all but three of the 30 companies in the measure retreating. This was the second-biggest biggest in the world after the Irish market. The dollar-denominated RTS Index gained 0.6 percent to 1,443.61.

OAO Rosneft, Russia’s largest oil supplier, fell 1.7 percent, the most in a week, to 248.69 rubles, and OAO Gazprom, the world’s biggest natural-gas company, dropped 2.1 percent to 180.79 rubles. OAO GMK Norilsk Nickel, the world’s biggest supplier of the metal, dropped 1.9 percent to 2126.48 rubles.

To contact the reporter on this story: Mark Sweetman in Moscow

To contact the editor responsible for this story: Guy Collins in London

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