Bloomberg News

Russia Equity Movers: Mail.ru, Rosneft, Lukoil, Black Earth

February 24, 2012

The 30-stock Micex index rose 3.7 percent to 1,594.55 by the close in Moscow, its biggest advance in three months. The dollar-denominated RTS index gained 5 percent to 1,722.05.

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

Black Earth Farming Ltd. (BEFSDB) dropped to the lowest price in almost two months, sliding 3.5 percent to 14 kronor. The Stockholm-listed Russian grain producer reported its net loss widened last year because of bad crop quality.

Mail.ru Group Ltd. (MAIL) climbed 8.2 percent to $38.20, the highest intraday price since July 27. The largest Russian- language Internet company’s London-traded global depositary receipts advanced after it reported net income in the second half of 2011 almost tripled from a year earlier to $122.9 million.

OAO Rosneft (ROSN) (ROSN RX) gained 3.9 percent to 225.55 rubles and OAO Lukoil (LKOH) (LKOH RX) added 5.2 percent to 1,871.20 rubles, its biggest gain based on closing prices since October 2009. Oil increased as much as 1.1 percent to $108.99 a barrel in New York, advancing for a seventh day and headed for its longest winning streak since January 2010.

To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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