Cherkizovo, Dixy Group, Rosneft, Lukoil: Russian Equity Preview

The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close.

The 30-stock Micex Index fell 1.9 percent to 1,573.14. The dollar-denominated RTS Index declined 3.3 percent to 1,765.04.

OAO Cherkizovo Group (GCHE RX): Russia’s largest meat producer will report first-quarter results today. Cherkizovo’s shares fell 0.7 percent to 809.50 rubles.

OAO Dixy Group (DIXY RX): Food retailer Dixy Group will hold a shareholder meeting today, ahead of the company’s planned release of first-quarter results tomorrow. Dixy declined 1.6 percent to 359.35 rubles.

OAO Rosneft (ROSN RX) and OAO Lukoil (LKOH RX): Crude oil fell 2.5 percent to $97.65 a barrel at 2:55 p.m. in New York. State-run Rosneft, Russia’s largest oil producer, slid 2.3 percent to 221.96 rubles, the lowest since Dec. 30. Lukoil, its largest domestic competitor, fell 0.9 percent to 1,699.20 rubles, the weakest since Nov. 29.

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net.

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net.

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