Bloomberg News

ChelPipe, Cherkizovo, Novatek: Russian Stock Market Preview

October 24, 2011

Oct. 25 (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 was 2.5 percent higher at 1,482.81. The dollar-denominated RTS Index rose 3.6 percent to 1,508.82.

ChelPipe (CHEP RX): Russian oil and gas companies will reduce demand for large-diameter pipes to 144,000 metric tons in the fourth quarter, one-third the amount in the previous three months, Interfax said, citing a producers’ group. Russia’s third-biggest maker of oil and gas pipes fell 1 percent to 76.04 rubles.

OAO Cherkizovo Group (GCHE RX): Russia will reduce pork and poultry import quotas after it gains entry to the World Trade Organization, RIA Novosti said, citing Andrei Slepnyov, the country’s deputy economy minister. Cherkizovo, Russia’s biggest meat producer, rose 0.6 percent to 575.10 rubles.

OAO Novatek (NOTK RM): OAO Novatek and OAO Russian Railways plan to invest 40.5 billion rubles ($1.3 billion) in rail infrastructure to increase gas product shipments from Siberia’s Tyumen region. Russia’s second-biggest natural gas producer rose 1.6 percent to 393.25 rubles.

--Editors: Brendan Walsh, Glenn J. Kalinoski

To contact the reporter on this story: Marina Sysoyeva in Moscow msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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