Russian Equity Movers: Federal Grid, MRSK, Sberbank, VTB Group
The 30-stock Micex Index (INDEXCF) rose 3.3 percent to 1,387.52 by the close in Moscow, trimming its second- quarter loss to 8.6 percent. The dollar-denominated RTS Index added 5.4 percent to 1,350.51, paring its drop in the period to 18 percent.
The following are among the most active equities in the Russian market today. Stock symbols are in parenthesis.
OAO RusHydro (HYDR RX) jumped 3.7 percent to 78.91 kopeks, the most since June 15. OAO MRSK Holding (MRKH RX) surged 5.1 percent to 1.779 rubles and Federal Grid Co. (FEES RX) climbed 3.1 percent to 19.57 kopeks. Power stocks gained as Russia’s Federal Tariff Service forecast energy demand growth through 2013.
OAO Sberbank (SBER RX) gained 4.4 percent to 86.39 rubles, the biggest gain since May 29. VTB Group (VTBR RX) rose 6 percent to 5.71 kopeks, the biggest advance since October 2010. Russia’s largest banks rallied after European leaders agreed to ease repayment rules for the region’s troubled lenders.
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