Rusal Jumps Most in Month on Potential MSCI Index Inclusion

United Co. Rusal, the world’s biggest aluminum producer, gained the most in a month after Deutsche Bank AG said the company may be included in the MSCI Russia Index.

The stock added 2.5 percent to HK$12.18 by the close in Hong Kong, its biggest gain since April 4. Its Moscow-traded shares climbed 0.9 percent to 426.39 rubles by the 6:45 p.m. close.

“Rusal is likely to be included into the index once MSCI confirms that the Russian Depositary Receipts issued in December are indeed a Russian listing representing a solid domestic investor base,” Yaroslav Lissovolik, chief strategist at Deutsche Bank in Moscow, wrote in a report dated April 28.

The review is scheduled for May 16, Lissovolik said.

To contact the editor responsible for this story: Gavin Serkin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.