Russian Equity Movers: Chelyabinsk Zinc, Gazprom, RusHydro
Stock Chart for Chelyabinsk Zinc Plant (CHZN)
The 30-stock Micex Index (INDEXCF) slipped less than 0.1 percent to 1,382.88 by the close in Moscow, paring an earlier loss of as much as 1.8 percent. The dollar- denominated RTS Index lost 0.3 percent to 1,370.11.
The following are among the most active stocks in the Russian market today. Stock symbols are in parenthesis:
OAO Chelyabinsk Zinc (CHZN RX) jumped by its most in more than two months after Russia’s largest producer of the metal said profits rose 11 percent in January through September from a year earlier. The stock surged 4.3 percent to 78.88 rubles, its biggest gain since Oct. 5.
OAO Gazprom (GAZP RX), Russia’s natural gas export monopoly, slumped by its most in a week after Vedomosti reported its spending may rise to 1.75 trillion rubles ($55 billion) in 2013, citing documents for a board meeting tomorrow. The stock tumbled 2.5 percent to 166.05 rubles, the steepest drop since Dec. 12.
OAO RusHydro (HYDR RX) slid by the most in a week after Interfax reported Prime Minister Vladimir Putin said Russia’s largest renewable energy producer should cut its prices by 12.5 percent on average next year. The stock tumbled 3.7 percent to 1.03 rubles, the biggest loss in a week.
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