Bloomberg News

Russia Stock Movers: Rusal, X5, Magnitogorsk, Rosneft Are Active

November 29, 2011

Nov. 29 (Bloomberg) -- The 30-stock Micex Index climbed 0.2 percent to 1,469.41 by 2:54 p.m. in Moscow. The dollar- denominated RTS Index gained 0.3 percent to 1,479.36.

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

OAO Magnitogorsk Iron & Steel (MAGN RX) climbed for a fifth day, its longest streak of gains since March, advancing 1.2 percent to 13.402 rubles. The company plans to buy back 10 billion rubles of bonds due in December 2012 next month, according to a regulatory filing today.

OAO Rosneft (ROSN RX) gained 0.9 percent to 219.17 rubles, climbing for a third day. Crude erased earlier losses to add 0.9 percent to $99.06 a barrel in New York.

United Co. Rusal (RUALR RX) pared yesterday’s 3.6 percent gain, the biggest in two weeks, dropping 0.2 percent. Aluminum on the London Metal Exchange slid 0.2 percent to $2,023 a metric ton after a 1.7 percent increase yesterday.

X5 Retail Group NV (FIVE LI) rose 5.7 percent in London trading to $24.20, headed for the best two-day advance in a month. Earnings before interest, taxes, depreciation and amortization climbed 13 percent in the third quarter to $220 million, the Russian supermarket chain said today in a statement. Net sales rose 39 percent to $3.62 billion, according to the statement.

--Editors: Alex Nicholson, Ash Kumar

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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