Russian ADR Winners Become Losers as Yandex Rally Falters: Chart

Search engine Yandex NV, which advanced the most among Russian stocks trading in New York in the final three months of 2015, has become one of this year’s worst performers. That contrasts with the turnaround for the fourth quarter’s biggest losers such as mobile carriers Mobile TeleSystems PJSC and VimpelCom Ltd.: They have produced some of the largest gains in 2016. Among the biggest Russian companies’ American depositary receipts, only lender Sberbank PJSC managed to increase in both quarters.

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