Acron, Norilsk Nickel, Polyus Gold: 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 0.3 percent to 1,722.11. The dollar-denominated RTS Index advanced 0.4 percent to 1,987.79.
OAO Acron (AKRN RX): The Russian fertilizer producer’s Chairman Alexander Popov said the company plans to merge with its unit ZAO Granit, which holds 8.7 percent of Acron’s shares. The stock fell 1.1 percent to 1,490.80 rubles.
OAO GMK Norilsk Nickel (GMKN RX): Russia’s largest mining company, which produced 2.86 million ounces of palladium last year, fell to the lowest since July 4 as palladium futures advanced. Norilsk’s shares declined 0.7 percent to 7,461.00 rubles.
OAO Polyus Gold (PLZL RX): The largest Russian producer of gold advanced for a second day as gold prices continued to rise. The company’s shares rose 0.3 percent to 1,644 rubles.
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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