OAO Mobile TeleSystems and AFK Sistema rose after their weightings in MSCI Inc. (MSCI)’s Russia 10/40 index increased, according to Troika Dialog, which cited MSCI data.
MTS gained 4.6 percent to 228.79 rubles, the biggest jump since Jan. 6. Sistema climbed 3 percent to 23.492 rubles, the highest level since May 12.
MTS’s weighting was lifted to 7.3 percent from 3.3 percent and Sistema’s was raised to 1.7 percent from 0.9 percent, Troika said in an e-mail today. About $550 million may be invested in MTS’s shares and about $150 million into Sistema’s as a result of the changes, which come into effect May 31, according to Troika.
To contact the reporter on this story: Ksenia Galouchko in Moscow at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com