Bloomberg News

Russia Equity Movers: Aeroflot, Rosneft, Sberbank, Transneft

May 16, 2012

The 30-stock Micex Index fell 1.8 percent to 1,320.38 by 2:12 p.m. in Moscow. Russia’s dollar- denominated RTS Index dropped 2.7 percent to 1,362.60.

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

OAO Aeroflot (AFLT RX) fell 2.5 percent to 41.91 rubles, the lowest intraday level since November 2009. Russia’s biggest airline may post a $22 million loss in earnings before interest, tax, depreciation and amortization, Renaissance Capital said in an e-mailed note. The carrier is due to file fourth-quarter earnings May 17.

OAO Rosneft (ROSN RX) rose as much as 1.3 percent before trading little changed at 200.30 rubles. Russia’s biggest oil producer became the fourth-biggest stock by weighting in MSCI Inc.’s Russia Index.

PIK Group (PIKK) fell 2.9 percent to 67 rubles. Credit Suisse Group AG cut the Russian property developer part-owned by billionaire Suleiman Kerimov to underperform from outperform and decreased the price estimate to $1.30 from $5.40.

OAO Sberbank (SBER RX) dropped 1.8 percent to 86.59 rubles. Bank Rossii has not ruled out selling a stake in Russia’s biggest lender this year, central bank Chairman Sergey Ignatiev told lawmakers today.

OAO Transneft (TRNFP RX) climbed 0.2 percent to 48,228 rubles. The state-run oil pipeline operator gained speculation dividends may be increased. It “looks as though profits previously booked elsewhere in the umbrella organisation are now being incorporated into the dividend base,” Julian Rimmer, a trader of Russian shares at CF Global Trading in London, said in e-mailed comments.

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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