Bloomberg News

Russia Equity Movers: AvtoVAZ, Rosneft, Sberbank, VTB Group

January 12, 2012

Jan. 12 (Bloomberg) -- The 30-stock Micex index climbed 1.2 percent to 1,482.63 as of 3:28 p.m. in Moscow, the highest intraday level since Dec. 6. The dollar-denominated RTS index rose 1.3 percent to 1,471.74.

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

OAO AvtoVAZ (AVAZ RX) jumped 6.2 percent to 23.426 rubles after reporting yesterday that sales in Russia rose 11 percent to 578,387 vehicles last year. Carlos Ghosn, chief executive officer of Nissan Motor Co. and Renault SA, said Jan. 9 that the companies may complete a deal to acquire a majority holding in Russia’s largest carmaker within weeks.

OAO Rosneft (ROSN RX), Russia’s biggest oil producer, rose 0.4 percent to 228.47 rubles. Crude futures advanced 1.1 percent to $101.96 a barrel in New York on the threat oil-supply disruptions in Iran and Nigeria.

OAO Sberbank (SBER RX) and VTB Group (VTBR RX), the country’s two biggest lenders, rose 1 percent to 85.73 rubles and 2.2 percent to 6.36 kopeks, respectively. Banking stocks worldwide rallied after Spain and Italy sold debt at lower borrowing costs, signaling reduced investor concern over Europe’s crisis.

--With assistance from Jason Corcoran in Moscow. Editors: Alex Nicholson, Peter Branton

To contact the reporter on this story: Jack Jordan in Moscow at

To contact the editor responsible for this story: Gavin Serkin at

Toyota's Hydrogen Man
blog comments powered by Disqus