Bloomberg News

Russia Equity Movers: Rusal, Gazprom, Transneft, X5 Are Active

March 05, 2012

The 30-stock Micex index rose 1.1 percent to 1,625.74 at the close in Moscow, its strongest since Aug. 3. The dollar-denominated RTS Index added 1.5 percent to 1,752.17.

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

OAO Transneft (TRNFP) (TRNFP RX) snapped two days of declines, climbing 1.1 percent to 52,547 rubles, while OAO Gazprom (GAZP) (GAZP RX) added 2 percent to 199.69 rubles. Russia’s state-controlled oil pipeline operator and gas export monopoly gained on the Micex after Vladimir Putin claimed victory in Russia’s presidential vote.

“We’re hoping this election will lead to accelerated reforms and that should be good for state-controlled companies,” Mattias Westman, managing director of London-based Prosperity Capital Management, said yesterday by phone from Moscow.

United Co. Rusal (RUALR) (RUALR RX) slid to the lowest level since Feb. 22, dropping 1.2 percent to 247.35 rubles. The world’s biggest aluminum producer declined as metals prices slipped after China, the largest consumer of industrial metals, lowered its growth target.

X5 Retail Group (FIVE) fell 5.3 percent to $25.03 in London, the weakest intraday level since Feb. 16. Russia’s largest food retailer by sales retreated as Oleg Vysotsky, the director of its discount format division, quit after 15 years with the company.

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


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus