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Russia Equity Movers: Magnitogorsk, Novatek, Petropavlovsk, X5

July 16 (Bloomberg) -- The 30-stock Micex Index gained 0.4 percent to 1,422.03 by the close in Moscow. The dollar-denominated RTS Index added 0.4 percent to close at 1,374.02.

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

OAO Magnitogorsk Iron & Steel (MAGN RX) rallied 1.9 percent to 9.760 rubles, a second day of gains. The steelmaker advanced as President Vladimir Putin was scheduled to visit the company’s factory today.

OAO Novatek (NVTK RX) jumped 2.2 percent to 353.95 rubles, the highest level since April 28. The share price increased on speculation the Russian natural-gas producer may breach OAO Gazprom’s monopoly on exports. Global depositary receipts climbed 2.2 percent to $114.50.

Petropavlovsk Plc (POG LN) dropped 4.3 percent to 441.70 pence in London, heading for the biggest drop since June 18. The London-listed producer of gold retreated after Goldman Sachs Group Inc. almost halved its price estimate, citing rising costs and high leverage.

X5 Retail Group NV (FIVE LI) tumbled 2 percent to $20.75 in London, set for the lowest since Jan. 30. Troika Dialog cut Russia’s largest food retailer to hold from buy after Chief Executive Officer Andrei Gusev quit.

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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