Enel OGK-5, Rosneft and Polyus Gold: Russian Equities Preview
Stock Chart for Enel OGK-5 OJSC (OGKE)
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.
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