Russian Equity Movers: Evraz, Gazprom, Mechel, Rusal Are Active

The 30-stock Micex Index (INDEXCF) fell 1.4 percent to 1,346.33 by 1:59 p.m. in Moscow, reversing two days of gains and extending second-quarter losses to 11 percent. The dollar-denominated RTS Index slid for the first time in three days, down 1.9 percent to 1,281.77, increasing its plunge in the three months to 22 percent.

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

Evraz Plc (EVR) lost 3.3 percent to 240.80 pence in London for the second day of declines. Alfa Bank cut Russia’s largest steelmaker by output to the equivalent of sell, citing “high leverage” and Goldman Sachs removed the stock from its emerging markets focus list.

OAO Gazprom (GAZP RX) retreated 2 percent to 150.87 rubles, heading for the lowest close in three weeks. Russia’s biggest company by market value slid for the first time in three days after its chief financial officer said earnings may drop 12 percent this year.

OAO Mechel (MTLR) lost 0.6 percent to 192.40 rubles, snapping two days of gains. Goldman Sachs cut Russia’s biggest coking coal producer to neutral from buy, citing “high” debt level.

United Co. Rusal (RUALR RX) fell 2.3 percent to 185.04 rubles. Morgan Stanley cut the world’s biggest aluminum producer to the equivalent of sell, citing the metal as its “least preferred commodity.”

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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