Bloomberg News

Russia Equity Movers: Pharmstandard, Etalon, Magnit Are Active

October 28, 2011

Oct. 28 (Bloomberg) -- The 30-stock Micex Index climbed less than 0.1 percent to 1,526.57 by the 6:45 p.m. close in Moscow. The dollar-denominated RTS Index jumped 1.1 percent to 1,610.32.

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

Etalon Group Limited (ETLN LI), a Russian housing developer, climbed 3.8 percent to $4.98 in London trading, its biggest gain in more than a week. The company’s board of directors approved a proposed buyback of global depositary receipts equivalent to as much as 9.25 percent of the company’s ordinary shares.

OAO Magnit (MGNT RX) surged as much as 6.4 percent, its strongest intraday advance since 0ct. 21, and closed up 0.7 percent at 3,310.10 rubles. Nine-month revenue rose 46 percent to 240.2 billion rubles ($8 billion) from a year earlier as it added more stores.

OAO Pharmstandard (PHST RX) climbed for the first day in four, adding 1.2 percent to 2,089.30 rubles. The company said nine-month sales jumped 33 percent to 26 billion rubles from a year earlier.

--Editors: Alex Nicholson, Linda Shen

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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