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.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@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.