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Norilsk Nickel, Polymetal, Rosneft: Russian Equity Preview

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Dec. 7 (Bloomberg) -- The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close in Moscow

The 30-stock Micex Index climbed 1.4 percent to 1,672.57.

VTB Group (VTB RX): VTB Capital acquired a stake in OAO Rosbank from Vladimir Potanin’s Interros Holding Co., saying it sees a “strong growth outlook” in the country’s banking industry. Russia’s second-biggest lender rose 1.3 percent to 10.27 kopeks in Moscow.

OAO GMK Norilsk Nickel (GMKN RX): Copper prices rose to a three-week high on speculation that a recovery in the global economy will boost demand for electrical wire and plumbing. Russia’s biggest mining company fell 0.2 percent to 6,656.52 rubles.

OAO Polymetal (PMTL RX): Gold rose near a record on concern the U.S. economy may need more stimulus, and Europe’s debt crisis will spread, boosting the appeal of the metal as an alternative to holding currency. Silver also gained. Russia’s biggest silver producer gained 3.8 percent to 622.69 rubles.

OAO Rosneft (ROSN RX): Crude oil for January delivery fell 0.1 percent to $89.07 a barrel on the New York Mercantile Exchange. Russia’s biggest oil producer rose 0.9 percent to 219.59 rubles.

To contact the reporter on this story: Anastasia Ustinova in St. Petersburg at austinova@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez in Prague jagomez@bloomberg.net

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