Russian Equity Movers: Evraz, Sberbank, Petropavlovsk
The 30-stock Micex Index sank 1.7 percent to 1,528.16 as of 5:04 p.m. in Moscow, retreating for a second day. The dollar-denominated RTS dropped 2.4 percent to 1,659.72.
The following are among the most active equities in the Russian market today. Stock symbols are in parentheses.
Evraz Plc (EVR) (EVR LN) headed for its lowest close in more than three months, dropping 2.9 percent to 369.8 pence in London trading. Russia’s largest steelmaker by output said net income dropped 5.1 percent last year.
Petropavlovsk Plc (POG) rose the most in two months, climbing as much as 8.1 percent and trading up 1.1 percent at 626.5 pence in London. The miner of gold in Russia said profit advanced 10-fold following gains in prices and output.
OAO Sberbank (SBER) (SBER RX) fell for a second day, dropping 1.1 percent to 96.80 rubles. Russia’s biggest lender said 2011 profit surged 74 percent from a year earlier, missing analyst estimates.
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