Bloomberg News

Russia Equity Movers: VTB, Pharmstandard, TNK-BP are Active

June 06, 2012

The 30-stock Micex Index (INDEXCF) rose 1.3 percent to 1,313.21 by the close in Moscow, climbing to a one- week high.

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

VTB Group (VTBR RX) rose 1.9 percent to 5.337 kopeks, the highest intraday level since May 30. Russia’s second-biggest lender climbed for a third day after Chief Executive Officer Andrei Kostin said the central bank will step up efforts to halt a slide in the ruble and as the currency advanced.

OAO Pharmstandard (PHST LI) fell 2.4 percent to $12.80 in London, the most since May 22. UralSib Capital cut its price estimate for Russia’s largest drugmaker after it posted a first- quarter revenue decline.

TNK-BP (TNBP RX) declined 3.1 percent 69.08 rubles, the lowest level since the company’s listing in December 2010. Citigroup Inc. called the stock “high risk” on expectations of increased volatility following BP Plc’s statement it will pursue a sale of its stake in Russia’s third-largest oil producer.

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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