Bloomberg News

Russian Stocks: Norilsk, VTB, Sberbank, Rusal, Gazprom Move

February 14, 2012

Feb. 13 (Bloomberg) -- The Micex Index of 30 shares rose 2.2 percent at 3:05 p.m. in Moscow, heading for its biggest gain in five weeks and erasing most of last week’s 2.6 percent fall.

The following are among the most active equities in the Russian market today. Stock symbols follow company names.

OAO GMK Norilsk Nickel (GMKN RX), Russia’s biggest mining company, advanced the most in a month after prices gained for nickel, its main product.

Norilsk rose 3.1 percent to 5,801 rubles ($194.27), the biggest gain since Jan. 12. Nickel for three-month delivery jumped 1.4 percent to $20,995 a metric ton in London.

VTB Group (VTBR RX), the country’s second-biggest lender, climbed 3.6 percent, the most since Feb. 2 after Greek lawmakers approved austerity plans to secure rescue funds. That eased speculation Greece may default and exasperate the European Union’s sovereign debt crisis.

OAO Sberbank, VTB’s bigger state-run competitor, increased 2.1 percent to 95.97 rubles.

OAO Surgutneftegas, Russia’s fourth-largest oil producer, gained 2.7 percent to 18.86 rubles after crude rebounded from a three-day low.

Bigger competitors OAO Rosneft and OAO Lukoil, rose 2.3 percent and 2 percent, respectively. Brent oil for March settlement on the London-based ICE Futures Europe exchange was up 85 cents at $118.16 a barrel on 3:08 p.m. Moscow time.

OAO Gazprom (GAZP RX), supplier of a quarter of Europe’s natural gas, climbed 2.3 percent to 192.08 rubles, the most since August. Natural gas prices are linked to crude.

OAO Raspadskaya, a supplier of coal for steelmaking, rose 4.27 percent to 112.6 rubles, heading for its biggest gain since Jan. 16.

The stock will “remain volatile” until it either cancels or completes a share buyback scheduled to end at the end of March, said Dmitry Smolin, a Uralsib Capital analyst in Moscow.

United Co. Rusal (RUAL RX)) fell 1.3 percent to 250.82 after the world’s biggest aluminum maker said it expects global demand growth for the metal to fall as consumption in Europe remains flat.

--With reporting by Stephen Bierman, Ilya Khrennikov, Yuliya Fedorinova and Anna Shiryaevskaya in Moscow. Editors: Brad Cook.

To contact the reporter responsible for this story: Brad Cook at bcook7@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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