Bloomberg News

Russian Equity Movers: Inter RAO, MRSK, Federal Grid, Rusal Move

July 04, 2012

The 30-stock Micex Index (INDEXCF) rose for a fourth consecutive day, up 0.5 percent to 1,444.31 by the close in Moscow, reversing earlier losses.

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

OAO Inter RAO UES (IRAO RX) fell for a third day, down 0.6 percent to 2.77 kopeks, the most since June 22 on a closing basis. Kommersant reported the Russian state-controlled power generator and exporter may acquire Turkish energy assets.

OAO MRSK Holding (MRKH RX) rallied 1.8 percent to 1.859 rubles, the highest level on a closing basis since May 22 and a second day of gains. Andrey Murov, deputy chairman of Federal Grid Co., was appointed acting chief executive officer, Russia’s largest electricity distribution company said. Federal Grid (FEES RX) added 4.5 percent to 22.42 kopeks.

United CO. Rusal (RUALR RX) fell for the first time in three days, retreating 1.3 percent to 188.57 rubles, the most since June 28. The world’s largest aluminum producer slid as the metal declined in London.

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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