Bloomberg News

Russian Equity Movers: Mechel, Polyus Gold, Uralkali Are Active

December 07, 2011

Dec. 7 (Bloomberg) -- The 30-stock Micex Index slipped 0.3 percent to 1,453.55 by 4:31 p.m. in Moscow, paring an earlier loss of as much as 0.9 percent. The dollar-denominated RTS Index lost 0.7 percent to 1,475.25.

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

OAO Mechel, (MTLR RX) Russia’s largest producer of steel- making coal, fell for a second day after the miner stopped work at two sites amid safety concerns. Several facilities at the company’s Lenin and New- Olzherassk mines were shut following complaints to the Siberian branch of Russia’s industrial safety watchdog, Mechel said in a statement yesterday. Shares dropped as much as 2.9 percent and last traded 1.7 percent lower at 332.80 rubles.

OAO Polyus Gold (PLZL RX), Russia’s biggest gold producer, headed for its lowest in more than a year as the precious metal fell in London. The stock slid 1.7 percent to 1,344.50 rubles, headed for its worst close since May 2010.

OAO Uralkali (URKA RX), the world’s biggest potash producer, headed for its biggest advance in a week after Chief Executive Officer Vladislav Baumgertner said the company may produce 11.3 million to 11.8 million metric tons of potash next year as global sales reach a record. The stock rose 0.7 percent to 229.68 rubles.

--Editors: Linda Shen, Peter Branton

To contact the reporter on this story: Jason Corcoran in Moscow at jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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