Nomos Bank May Be Added to MSCI Russia, Troika Dialog Says
Nomos Bank, the lender part-owned by Russian billionaire Alexander Nesis, which listed shares in London and Moscow in April 2011, may be added to the MSCI Russia Index (MXRU) tomorrow, according to Troika Dialog.
MSCI is due to post the results of its semi-annual index rebalancing on its website after 1 a.m. Moscow time on May 16. OAO Phosagro, a Russian fertilizer producer, which listed shares in London and Moscow in July 2011, may be another candidate for the MSCI Russia index, according to Troika.
“MSCI may add one of the Russian companies that recently listed shares, and Phosagro and Nomos match the preferred capitalization,” Ovanes Oganisian, strategist at Troika Dialog in Moscow, said by phone. “We have a feeling that one of these shares will be added, most likely Nomos, as its free float matches the MSCI criteria.”
Nomos shares were little changed at 730.60 rubles as of 6:06 p.m. in Moscow, while Phosagro declined 1 percent to 835 rubles, headed for its lowest level since Jan. 19.
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