Enel OGK-5, Rosneft and Polyus Gold: Russian Equities Preview

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

The 30-stock Micex Index fell 0.4 percent to 1,626.95. The dollar-denominated RTS Index slid 0.8 percent to 1,842.20.

OAO Enel OGK-5 (OGKE RX): The Russian power utility controlled by Italy’s Enel SpA sold 5 billion rubles ($177 million) of three-year bonds at the low end of the company’s guidance. The utility gained 0.3 percent to 2.30 rubles.

OAO Rosneft (ROSN RX): Oil fell amid concern that economic expansion in the U.S. is slowing as consumer spending stagnated. Consumer spending purchases were little changed in the U.S. in May, Commerce Department figures showed. Russia’s largest oil producer fell 1.1 percent to 228.78 rubles.

OAO Polyus Gold (PLZL RX): The board of directors decided to elect German Pikhoya as chief executive officer, replacing Russian billionaire Mikhail Prokhorov who said on June 17 that he plans to enter politics. The Russian gold mining company fell 2.3 percent to 1,761.80 rubles in Moscow.

To contact the reporter on this story: Stephen Bierman in Moscow sbierman1@bloomberg.net.

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net.

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.