Bloomberg News

Russia Equity Movers: Severstal, Magnitogorsk, Norilsk Nickel

February 20, 2012

Feb. 17 (Bloomberg) -- The 30-stock Micex index headed for a weekly gain, adding 0.6 percent to 1,579.68 as of 11:44 a.m. in Moscow. The dollar-denominated RTS index rose 1.4 percent to 1,663.82.

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

OAO Severstal (CHMF RX), the country’s second-largest steelmaker by output, added 1.4 percent to 449.60 rubles, paring yesterday’s 1.8 percent drop. Better-than-expected U.S. data spurred bets metal demand will weather Europe’s debt crisis.

OAO Novolipetsk Steel (NLMK RX), Russia’s largest steelmaker by market value, rose 1.5 percent to 74.68 rubles after dropping 2.1 percent yesterday. OAO Mechel (MTLR RX), the country’s biggest coking coal producer, climbed 2.8 percent to 327 rubles. OAO Magnitogorsk Iron & Steel (MAGN RX) increased 1.4 percent to 14.86 rubles snapping three days of declines.

OAO GMK Norilsk Nickel (GMKN RX) rose 1 percent to 5,738 rubles, paring yesterday’s 2.1 percent decline. Russia’s biggest mining company advanced as nickel, copper and aluminum climbed before the U.S. leading indicators report that economists say will show gains for a fourth month, boosting demand for industrial metals.

--Editors: Alex Nicholson, Linda Shen

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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