Bloomberg News

Russia Equity Movers: MRSK Holding, Federal Grid Co., Sberbank

May 11, 2012

The 30-stock Micex Index fell 1.2 percent to 1,392 by the 6:45 p.m. close in Moscow.

The following were among the most active stocks in the Russian market today. Stock symbols are in parenthesis.

MRSK Holding (MRKH RX) tumbled 9.7 percent to 2.18 rubles, making it the biggest decliner on the Micex. Interfax reported today the Russian state-run power distributor added to the MSCI Index last year may be transferred under the management of Federal Grid Co. (FEES RX), which dropped 8.3 percent to 23 kopeks.

OAO Sberbank (SBER RX), Russia’s biggest lender, fell for the first time in three days, sliding 0.8 percent to 91 rubles. Sberbank retreated following JPMorgan Chase & Co.’s $2 billion trading loss disclosure after positions in credit securities proved riskier than expected.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

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


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