Russia Equity Movers: Federal Grid, Surgut, Transneft, Uralkali
The 30-stock Micex Index (INDEXCF) tumbled 1.3 percent to 1,415.38 by the close in Moscow.
The following were among the most active equities in the Russian market today. Stock symbols are in parenthesis.
OAO MRSK Holding (MRKH RX) dropped 2.9 percent to 1.771 rubles, the most in a week. Federal Grid Co. (FEES RX) slid 1.3 percent to 23.67 kopeks. Vedomosti reported that President Vladimir Putin’s economic council will discuss limiting annual tariff increases today.
OAO Surgutneftegas (SNGS RX) fell 1.1 percent to 27.153 rubles. OAO Tatneft (TATN) dropped 2.6 percent to 192.12 rubles, the biggest decline since July 11. OAO Transneft (TRNFP RX) retreated 1.9 percent to 50,540 rubles. Oil producers declined as crude oil retreated 1.5 percent to $91.25 in New York, sliding from a nine-week high.
OAO Uralkali (URKA RX) rose 1.1 percent to 272.67 rubles, the highest level since Sept. 21. The world’s largest potash producer climbed to the highest level in ten months on bets the worst U.S. drought in a half-century will increase demand for the fertilizer.
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