LSR Group, Inter RAO, TMK Tumble on MSCI Deletion: Moscow Mover
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LSR Group, a Russian property developer, OAO Inter RAO UES, a state-run power company, and OAO TMK fell as they were cut from an index at MSCI Inc., whose gauges are tracked by investors managing about $7.5 trillion.
LSR posted the biggest drop in almost 1.5 years, losing 6.3 percent to 550 rubles by the close in Moscow. The number of shares traded was about 7.3 times the three-month average. Inter RAO slumped 5.1 percent to 0.84 kopeks, the lowest level since March 2009. Volume was 3.8 times the three-month average. TMK, the world’s largest maker of pipes for the oil and gas industry by volume, slid 1.4 percent to 87.08 rubles.