Russia Equity Movers: United Co. Rusal, Evraz Shares Are Active

January 31, 2012

 

The 30-stock Micex index dropped 0.8 percent to 1,496.30 by the close in Moscow, a second day of declines. The dollar-denominated RTS index fell 1.2 percent to 1,546.59.
The following are among the most active equities in the Russian market today. Stock symbols are in parentheses:

Evraz Plc (EVR LN), retreated 5 percent to 4.37 pounds in London trading, poised for its sharpest decline since Nov. 21.
The Russian steelmaker listed in the U.K.’s benchmark FTSE 100 was cut to “hold” from “buy” at Troika Dialog, which cited lower domestic steel prices and the company’s debt load in an e- mailed note today. Troika cut Evraz’s target price to 5.43 pounds from 8.62 pounds.

OAO Pharmacy Chain 36.6 (APTK RX), Russia’s biggest drugstore chain, added 5 percent to 46.09 rubles, its strongest advance since Jan. 6. Valeria Solok, who headed the Moscow-based retailer since September, resigned as chief executive officer and was replaced by the company’s executive director Andrei Slivchenko, according to an e-mailed statement.

United Co. Rusal (RUALR RX), slid 2.1 percent to 233.42 rubles in Moscow trading, snapping three days of gains. The world’s biggest aluminum producer declined as concern demand in China may weaken after recent price gains pushed down the price of zinc, nickel and aluminum. The company’s Hong Kong-traded shares dropped 3.3 percent to HK$5.96, ending a six-day winning run.