Magnit, Razgulay, Mechel, Cherkizovo May Be Active in Russia Stock Trading

The following companies may have unusual price changes in Russian trading. Stock symbols are in parentheses and share prices are from the previous close.

Russia’s Micex Index was little changed at 1,366.76. The dollar-denominated RTS Index rose 0.1 percent to 1,425.91.

OAO Magnit (MGNT RX): Russia’s second-biggest food retailer is due to report its first-half financial results. Magnit dropped 0.5 percent to 3,184.18 rubles.

OAO Razgulay Group (GRAZ RX): A “sense of panic” in the wheat market caused by a drought in Russia and the country’s subsequent ban on grain exports should subside because there is “no global wheat shortage,” Societe Generale said in a report. Razgulay, the Russian grain and sugar producer, rose 0.6 percent to 47.90 rubles.

OAO Mechel (MTLR RX): Russia’s largest miner of coal used in steelmaking may supply the raw material from its U.S. unit Bluestone Coal Corp. to Brazil, should it buy mills in the South American country, according to Renaissance Capital. Mechel rose 0.2 percent to 699.42 rubles.

OAO Cherkizovo (GCHE RX): Russia’s agriculture safety agency said it’s “seriously concerned” about salmonella bacteria found in a large quantity of chicken eggs that were sold in the U.S. Cherkizovo, Russia’s largest poultry producer, was unchanged at 700 rubles.

To contact the reporter on this story: Maria Levitov in Moscow at mlevitov@bloomberg.net

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