Bloomberg News

Novorossiysk Shares Rally as Port Reopens After Flooding

July 09, 2012

OAO Novorossiysk Commercial Sea Port headed for the biggest daily gain in a week as operations resumed after flooding.

The shares jumped 1 percent to 2.84 rubles as of 10:28 a.m. in Moscow, poised for the sharpest advance since July 2. Operations at the Black Sea port were halted for about four hours on July 7, the company said in e-mailed statements the same day.

To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net

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


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