Bloomberg News

Russia Stocks: Bank Vozrozhdenie, Lukoil, Norilsk, Raspadskaya

October 05, 2011

Oct. 5 (Bloomberg) -- The 30-stock Micex Index dropped 0.2 percent to 1,265.67 by the 6:45 p.m. close in Moscow, reversing an earlier gain of as much as 2.8 percent. The dollar- denominated RTS Index declined 0.6 percent to 1,217.21 rubles.

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

Bank Vozrozhdenie (VZRZ RX) rose the most in more than a week, adding 5 percent to 719.9 rubles after Vedomosti reported that former Promstyroybank owner Vladimir Kogan wants to buy the regional lender, citing unidentified people with the knowledge of the talks.

OAO Lukoil (LKOH RX), Russia’s second-biggest oil producer, rose for the first day in four, adding 0.4 percent to 1,548.9 rubles. Oil advanced for the first time in four days after the U.S. government reported an unexpected stockpile decline in the world’s biggest crude-consuming country.

OAO GMK Norilsk Nickel (GMKN RX), the world’s biggest producer of the metal, slid for the fourth day in Moscow, declining 1.1 percent to 6,136 rubles after nickel slumped in London.

OAO Raspadskaya (RASP RX) plunged 7 percent to 73.05 rubles, the weakest since July 2009, after Kommersant yesterday 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.

--Editors: Ana Monteiro, Robert Valpuesta

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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