Russia Equity Movers: Norilsk, Rosneft, Rostelecom, Sberbank

The 30-stock Micex Index (INDEXCF) slipped 2.8 percent to 1,456.29 by the 6:45 p.m. close in Moscow, its lowest since Oct. 21. The dollar-denominated RTS Index retreated 5 percent to 1,484.98.

The following were among the most active stocks in the Russian market today. Stock symbols are in parenthesis:

OAO GMK Norilsk Nickel (GMKN RX), the world’s biggest producer of the metal, plunged to its lowest in almost a year, losing 4.6 percent to 5,692 rubles. Nickel and copper both fell on the London Metal Exchange.

OAO Rosneft (ROSN RX), Russia’s largest oil producer, fell for a second day, losing 3.4 percent to 210.71 rubles. Crude oil sank 2.8 percent to $90.62 a barrel in New York.

OAO Rostelecom (RTKM RX) erased its worst drop in more than a week after the board of the country’s dominant fixed-line phone company approved a $500 million share buyback program and Kommersant reported Russian billionaire Suleiman Kerimov is seeking to buy a stake. Rostelecom shares climbed 1.5 percent to 157.57 rubles.

OAO Sberbank (SBER03 RX), Russia’s largest lender, tumbled the most in four weeks as the ruble weakened for a second day against the dollar. The shares lost 6 percent to 77.11 rubles. A weaker ruble encourages Russians to withdraw and convert ruble deposits, Sberbank’s main source of funding.

VTB Group (VTBR RX), Russia’s second-biggest lender, fell 3.5 percent to 7.078 kopeks.

To contact the reporter on this story: Jason Corcoran at

To contact the editor responsible for this story: Gavin Serkin at

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.