Bloomberg News

Russia Equity Movers: KamAZ, Raspadskaya, X5 Retail Group NV

October 10, 2011

Oct. 10 (Bloomberg) -- The 30-stock Micex Index slid 0.6 percent to 1,343.12 by 12:36 p.m. in Moscow, paring an earlier loss of as much as 1.1 percent. The dollar-denominated RTS Index gained 0.4 percent to 1,316.55 rubles.

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

OAO KamAZ (KMAZ RX) climbed for a fourth day after the Russian truck producer, partly owned by Daimler AG, swung to profit in the first half as sales surged 39 percent. The shares jumped as much as 5 percent and last traded 2.2 percent higher at 43.32 rubles.

OAO Raspadskaya (RASP RX) rose for a third day after the coal producer said on Oct. 7 it had started work at a coal face with reserves of 1.4 million metric tons at its flagship mine. The shares added as much as 7.3 percent and last traded 1.2 percent higher at 82.98 rubles.

X5 Retail Group NV (FIVE LI) slumped the most in almost a week after the Russian retailer lowered its 2011 gross retail sales-growth forecast to about 35 percent from an initial target of 40 percent, citing a “rapidly weakening macroeconomic environment” and the rebranding of its Kopeyka stores. The London-traded shares dropped 6.6 percent to $25.17, their steepest intraday retreat since Oct. 4.

--Editors: Alex Nicholson, Ana Monteiro

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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