Economic Calendar

Wednesday, January 21, 2009

Norilsk Nickel, X5 Retail Group, Rosneft: Russia Equity Preview

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By Alex Nicholson

Jan. 21 (Bloomberg) -- The following companies may have unusual price changes in Russia trading. Stock symbols are in parentheses, and share prices are from the previous close.

The 30-stock Micex Index fell 2.9 percent to 569.82 at the close in Moscow, a second day of declines. The RTS Index fell 3.3 percent 514.29, the lowest in more than five years.

OAO GMK Norilsk Nickel (GMKN RX): Platinum and palladium fell in New York as the dollar gained against the euro, cutting demand for the metals as alternative investments. Norilsk fell 5.6 percent to 1388.45 rubles.

X5 Retail Group NV (FIVE LI): Chief Executive Officer Lev Khasis said X5 isn’t having difficulty obtaining credit as it “leads a list of retailers among strategic companies” that are eligible for government aid to help manage the economic crisis. X5 Fell 1 percent to $6 in London.

OAO Rosneft (ROSN RX): Crude oil rose more than $2 a barrel in New York, the most in more than two weeks, as traders purchased futures for February delivery before the contract expires today. Rosneft fell 3.2 percent to 103.94 rubles.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net.




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