Bloomberg News

Rosneft, Gazprom and Norilsk Nickel: Russian Equities Preview

November 01, 2011

Nov. 2 (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 2.8 percent to 1,456.29. The dollar-denominated RTS Index dropped 5 percent to 1,484.98.

OAO Rosneft (ROSN RX): Crude oil futures dropped for a third day on worries that Greek Prime Minister George Papandreou’s pledge to hold a referendum on Europe’s bailout plan may lead to its failure. Russia’s largest oil producer fell 3.4 percent to 210.71 rubles in Moscow.

OAO Gazprom (GAZP RX): Ukraine’s central bank said the country may pay Russia’s monopoly gas exporter in rubles instead of dollars for its purchases of the fuel. Gazprom fell 2.3 percent to 175.18 rubles.

OAO GMK Norilsk Nickel (GMKN RX): Nickel declined as much as 5.2 percent in London after Chinese manufacturing slowed and concerns mounted about Greece. The world’s largest producer of the metal fell 4.6 percent to 5,692 rubles.

--Editors: Marie-France Han, Brendan Walsh

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus