Bloomberg News

Russia Equity Movers: Norilsk Nickel, Lukoil, Alrosa Active

March 01, 2012

The 30-stock Micex index was little changed, down less than 0.1 percent to 1,595.78 at the close in Moscow. The dollar-denominated RTS index fell 0.7 percent to 1,723.57.

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

OAO Lukoil (LKOH) (LKOH RX) retreated 0.3 percent to 1,870.50 rubles. Russia’s second-biggest oil company said fourth-quarter net income slumped 39 percent to $1.35 billion from $2.19 billion a year earlier, missing estimates.

OAO GMK Norilsk Nickel (GMKN) (GMKN RX) slid as much as 1.9 percent, the steepest drop since Feb. 22, and closed down 0.4 percent at 5,754 rubles. The world’s largest producer of palladium declined as the metal for June delivery fell as much as 1.3 percent to $702 per ounce in New York.

OAO Alrosa (ALRS) (ALRS RX) rose 2.4 percent to 32.857 rubles after Alexei Uvarov, head of the Economy Ministry’s property department, said the federal government and the Yakutia region agreed to each sell 7 percent of Russia’s diamond mining monopoly.

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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