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Gazprom, Rosneft, VimpelCom, VTB Group: Russian Equity Preview
The following companies may be active in Russian trading in Moscow. Stock symbols are in parentheses and share prices are from the previous close of trading.
OAO Gazprom (GAZP RX): The world’s biggest gas producer agreed to form two joint ventures with NAK Naftogaz Ukrainy to produce gas at coal formations in Ukraine and to develop the offshore Pallas structure in the Black Sea. Gazprom’s shares gained 4.7 percent to 182.67 rubles in Moscow.
OAO Rosneft (ROSN RX): Crude oil climbed after Chinese manufacturing expanded and on speculation the European Central Bank will act to prevent the spread of the region’s debt crisis. Shares in Russia’s largest oil company gained 2 percent to 212.44 rubles.
VimpelCom Ltd. (VIP US): The owner of Russia’s second- biggest mobile-phone operator is expected to announce third- quarter operating and financial results today. The shares declined 1.7 percent to $15.41 at 1:54 p.m. in New York.
VTB Group (VTBR RX): The country’s second biggest lender is scheduled to report third-quarter financial results today. Bank rose 1.8 percent to 10.2 kopeks in Moscow.
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