Bloomberg News

Rosneft, Severstal, VTB Group: Russian Stock Market Preview

September 29, 2011

Sept. 30 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close.

The 30-stock Micex Index advanced 2.2 percent to 1,407.71. The dollar-denominated RTS Index gained 1.6 percent to 1,389.14.

OAO Rosneft (ROSN RX): Oil rose in New York as the U.S. government reported that the economy grew faster than previously estimated in the second quarter and German lawmakers approved an expanded European bailout fund. Russia’s biggest oil producer gained 3.4 percent to 196.46 rubles.

OAO Severstal (CHMF RM): Russia’s second-biggest steelmaker will invest about $1.5 billion to $2 billion a year to raise output and mine more raw materials, Chief Executive Officer Alexey Mordashov said in an interview in London. Company shares rose 4.6 percent to 361.8 rubles.

VTB Group (VTBR RX): Russia neared completion of the biggest banking bailout in the nation’s history as its second- largest lender consolidated control of Bank of Moscow, allowing the government to disburse a 294.8 billion-ruble ($9.2 billion) 10-year loan. VTB shares rose 3.1 percent to 0.06897 rubles.

--Editors: Glenn Kalinoski, Brendan Walsh

To contact the reporter on this story: Lyubov Pronina in Moscow at lpronina@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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