Bloomberg News

Russian Equity Movers: Razgulay, Sberbank, Transneft Are Active

October 03, 2011

Oct. 3 (Bloomberg) -- The 30-stock Micex Index slid 1.6 percent to 1,344.66 by the 6:45 p.m. close in Moscow, paring an earlier decline of 3.7 percent. The dollar-denominated RTS Index slipped 3.7 percent to 1,291.7.

The following were among the most active stocks in the Russian market today. Stock symbols are in parenthesis.

OAO Razgulay (GRAZ RX), the Russian sugar producer, slid to its lowest level since April 2009, losing 2.2 percent to 29.06 rubles. White sugar dropped 1.7 percent to $652.3 a ton on the NYSE Liffe Exchange in London.

OAO Sberbank (SBER03 RX), Russia’s biggest lender, slid for a second day, losing 3.1 percent to 68.34 rubles as the country’s currency continued its slide against the dollar. A weaker ruble encourages Russians to withdraw and convert ruble deposits, Sberbank’s main source of funding.

OAO Transneft (TRNFP RX), the Russian oil pipeline monopoly operator, fell for the first day in three as crude slipped below $79 a barrel. The shares dropped as much as 6.3 percent and last traded 4.2 percent lower at 31,406 rubles.

--Editors: Stephen Kirkland, Peter Branton

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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