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Russia Equity Movers: Mechel, MRSK Holding, Nomos, Raspadskaya

Updated on

July 17 (Bloomberg) -- The 30-stock Micex Index gained 0.6 percent to 1,430.17 by the close in Moscow.

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

OAO Mechel (MTLR RX) rose 0.4 percent to 193.50 rubles, paring gains of as much as 2.4 percent. Billionaire owner Igor Zyuzin sold about 2 percent of Russia’s largest producer of coal for steelmakers.

OAO MRSK Holding (MRKH RX) jumped 5.7 percent to 1.768 rubles, the most since June 27. Russia’s largest electricity distribution company proposed a smaller-than-expected five-year investment program.

Nomos Bank (NMOS LI) climbed 1.4 percent to $10.95 in London. The Vedomosti newspaper reported the lender may buy Otkritie Financial Corp., creating Russia’s second-largest private bank.

OAO Raspadskaya (RASP RX), a Russian coal producer, dropped 2.7 percent to 82.26 rubles, the first decline in three days. UBS AG cut the company to neutral from buy, citing a decline in coal output.

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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