Bloomberg News

Gazprom Neft, Sberbank, TNK-BP: Russian Stock Market Preview

October 20, 2011

Oct. 21 (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 fell 0.1 percent to 1,418.85. The dollar-denominated RTS Index sank 1.1 percent to 1,423.03.

OAO Gazprom Neft (SIBN RX): The company’s board approved plans to sell 60 billion rubles ($1.9 billion) of 10-year bonds, according to regulatory filings. The Russian oil producer, controlled by the country’s natural-gas export monopoly, increased 2.2 percent to 125.75 rubles.

OAO Sberbank (SBER03 RX): The ruble depreciated against the dollar for the third day this week as disagreements over Europe’s rescue strategy curbed demand for riskier assets. A weaker ruble encourages Russians to withdraw and convert ruble deposits, Sberbank’s main source of funding. Sberbank gained 0.3 percent to 80.92 rubles.

OAO TNK-BP Holding (TNBP RX): Deputy Chief Executive Officer Maxim Barsky told colleagues that he will leave the company, Interfax said, citing unidentified people. TNK-BP declined to comment, the report said. The Russian oil and gas producer, half owned by BP Plc, was little changed at 79 rubles.

--Editors: Glenn Kalinoski, Brendan Walsh

To contact the reporter on this story: Marina Sysoyeva in Moscow

To contact the editor responsible for this story: Claudia Carpenter at

Toyota's Hydrogen Man
blog comments powered by Disqus