Bloomberg News

Russia Equity Movers: X5, OGK-3, Inter RAO, Rosneft, Lukoil

February 15, 2012

Feb. 15 (Bloomberg) -- The 30-stock Micex index climbed for a third day, adding 1.1 percent to 1,579.38 as of the 6:45 p.m. close in Moscow. The dollar-denominated RTS index rose 1.1 percent to 1,661.36,

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

OAO Inter RAO UES (IRAO RX) climbed for the second day this week, adding 1.3 percent to 3.6301 kopeks. Russia’s electricity exporter is seeking to acquire power plants in Europe and Turkey to diversify its assets and enter new markets, the company’s head of strategy and investment said.

OAO OGK-3 (OGKC RX) jumped 4.6 percent to 1.0616 rubles, the highest level since Sept. 8. Investors bet the Russian electricity utility’s controlling shareholder, OAO Inter RAO UES, will merge its power assets in a share swap. “Rumors on the possible swap ratios” may have caused the gains, said Andrey Trufanov, an analyst at Troika Dialog in Moscow.

OAO Rosneft (ROSN RX), Russia’s biggest oil producer, increased 1.7 percent to 218.94 rubles. Oil rose as much as $1.80 to $102.54 a barrel as Iran said it had cut oil exports to six European countries and China said it will help resolve Europe’s debt crisis. OAO Lukoil (LKOH RX), the second-largest producer, climbed 0.8 percent to 1,879 rubles.

X5 Retail Group NV (FIVE LI) surged as much as 5.4 percent and last traded up 0.1 percent at $25.10. Delovoy Peterburg reported that Wal-Mart Stores Inc. may acquire the Russian retailer’s hypermarket chain Karusel to enter the local market.

--Editors: Alex Nicholson, Linda Shen

To contact the reporter on this story: Alex Nicholson in Moscow at

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

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