Russia Stocks: Gazprom Neft, Novatek, Magnit Shares Are Active

The 30-stock Micex Index (INDEXCF) rose 0.6 percent to 1,346.43 by the close in Moscow, the highest level since May 12.

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

OAO Novatek (NVTK RX) rallied 1.1 percent to 326.11 rubles for a fifth day of gains and the strongest level since May 16. OAO Gazprom Neft (SIBN RX) added 3 percent to 140.73 rubles. Russia may increase the natural-gas extraction tax for OAO Novatek and oil producers at a slower rate than proposed by the Finance Ministry last month, Deputy Prime Minister Arkady Dvorkovich said today.

OAO Magnit (MGNT RX) gained 0.8 percent to 3,576.40 rubles, the highest since May 10. Russia’s largest food retailer by market value rallied after May sales advanced 32 percent from a year earlier on new store openings.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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