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Oct. 4 (Bloomberg) -- The 30-stock Micex Index plunged 5.7 percent to 1,267.77 by the 6:45 p.m. close in Moscow, paring an earlier loss of as much as 7.6 percent. The dollar-denominated RTS Index declined 5.2 percent to 1,224.92 rubles.
The following were among the most active stocks in the Russian market today. Stock symbols are in parenthesis.
HMS Hydraulic Machines & Systems Group Plc (HMSG LI) gained for the first day in five after the Russian machinery maker said first-half profit rose fivefold. The London-listed shares climbed 0.5 percent to $4.50.
OAO Raspadskaya (RASP RX) plunged to its lowest in more than two years after Kommersant reported the Russian coal producer may produce less than 6.5 million metric tons this year, missing its output target by 24 percent, citing analysts’ estimates. The shares fell 13 percent to 78.51 rubles in Moscow, lowest close since July 2009 and the biggest one-day fall since May 2010.
OAO Sberbank (SBER03 RX), the nation’s largest bank, dropped by the most in two weeks, losing 8.5 percent to 62.53 rubles, after the Russian currency fell for a fifth day against the dollar. A weaker ruble encourages Russians to withdraw and convert ruble deposits, Sberbank’s main source of funding.
VTB Group (VTBR RX), Russia’s second-largest bank, fell to its lowest level since November 2009, losing 7.2 percent to 6.107 kopeks.
--Editors: James Kraus, Ana Monteiro
To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net
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