Etalon, Norilsk Nickel, Polyus, Razgulay: 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 rose 0.1 percent to 1,526.57. The dollar-denominated RTS Index advanced 1.1 percent to 1,610.32.
Etalon Group Ltd. (ETLN LI): The Russian developer, which builds high-rise apartment blocks in Moscow and St. Petersburg, is scheduled to report its third-quarter operating results today. Etalon added 3.8 percent to $4.98 a receipt.
OAO GMK Norilsk Nickel (GMKN RX): Russia’s largest mining company may announce the results of its $4.5 billion share buyback and the acceptance level for bids from the large shareholders early this week. Norilsk fell 1.8 percent to 6,133 rubles.
Polyus Gold International Ltd (PLGL LI): The Russian gold miner registered in Jersey said its board agreed to set up a new parent company, Polyus Gold Plc, on the U.K. mainland to become eligible for inclusion into the FTSE 100 Index. Polyus was unchanged in London at $3.31, while its Russian unit OAO Polyus Gold fell 0.1 percent in Moscow to 1,865.10 rubles.
Razgulay Group (GRAZ) : Wheat rose to a two-week high as dry weather erodes crop prospects in Ukraine and parts of the U.S. Great Plains prior to the winter-dormancy period. Razgulay, a Russian grain producer, fell 2.4 percent to 34.66 rubles.
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