Russian Equity Movers: Gazprom Neft, Rosneft, VTB Group Active
The 30-stock Micex Index (INDEXCF) declined 4.7 percent to 1,324.41, the lowest since July 2010, by 4:36 p.m. in Moscow. That brings the benchmark’s weekly decline to 13 percent. The dollar-denominated RTS Index fell 5.3 percent to 1,314.46.
The following are among the most active stocks in the Russian market today. Stock symbols are in parenthesis.
OAO Sberbank (SBER03 RX), the country’s largest bank and the biggest holder of ruble deposits, fell for a third day, declining 7.6 percent to 68.42 rubles, poised for its weakest close since May 2010. The ruble weakened 0.4 percent to 32.1850 versus the dollar, depreciating for a sixth day. VTB Group (VTBR RX), Russia’s second-biggest lender, dipped 6.8 percent to 6.679 kopeks, the lowest level in a month.
OAO Rosneft (ROSN RX), the country’s biggest oil producer, tumbled 5.7 percent to 181.80 rubles, set for its weakest close since August 2009. OAO Gazprom Neft (SIBN RX), the oil producer controlled by the world’s biggest gas exporter, fell 7.6 percent to 108.89 rubles.
Crude oil sank to the lowest in more than six weeks, dropping to less than $79 a barrel, as a pledge by Group of 20 nations to tackle risks failed to alleviate concerns the world economy is headed for a recession. OAO Lukoil (LKOH RX), Russia’s biggest private oil company, declined 2.1 percent to 1,564.60 rubles.
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