Bloomberg News

Russia Equity Movers: Raspadskaya, MRSK, Rosneft Are Active

November 16, 2011

Nov. 16 (Bloomberg) -- The 30-stock Micex Index dropped 1.1 percent to 1,471.92 by 10:41 a.m. in Moscow, heading for its lowest close in a week. The dollar-denominated RTS Index dropped 1.6 percent to 1,502.76.

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

OAO MRSK Holding (MRKH RX) increased as much as 3.9 percent to 3.174 rubles before paring gains to 0.9 percent at 3.081 rubles. MSCI Inc. said it will add the power distributor to its Russia Index.

OAO Raspadskaya (RASP RX) jumped the most in a year, adding 20 percent to 109.50 rubles. The Russian coal producer said it plans to buy back as much as 78.1 million shares, equal to 10 percent of the company. Raspadskaya is offering to buy stock from Dec. 19 at 150 rubles ($4.86) apiece, or a total of $380 million, until Jan. 31, the company said in a statement today.

OAO Rosneft (ROSN RX) fell 1.1 percent to 218.03 rubles, snapping two days of gains. Crude oil slid 0.8 percent to $98.57 a barrel in New York trading.

--Editors: Alex Nicholson, Stephen Kirkland

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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