Gazprom, Bashneft, Rosneft: Russian Equity Market Preview

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

The 30-stock Micex Index (INDEXCF) climbed 1.8 percent to 1,662.71. The dollar-denominated RTS Index added 2.1 percent to 1,904.22.

OAO Gazprom (GAZP RX): Russian Prime Minister Vladimir Putin and his Ukrainian counterpart Mykola Azarov ended talks in Moscow without a compromise on the gas price. Ukraine is seeking to change a pricing formula that Russia says is fair and used by all other European customers. A working group will be set up to find a solution. Russia’s gas export monopoly jumped 4.5 percent to 204.65 rubles.

OAO Bashneft (BANE RU): The oil producer controlled by billionaire Vladimir Yevtushenkov’s AFK Sistema is due to release first-quarter earnings. Bashneft advanced 0.1 percent to $53.2932.

OAO Rosneft (ROSN RX): Crude oil tumbled to a two-week low in New York as OPEC prepared to raise production quotas and economic reports pointed to a slowdown in growth. Russia’s biggest oil producer rose 2.5 percent to 243.54 rubles.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at

To contact the editor responsible for this story: Will Kennedy at

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