Magnit, Norilsk Nickel, TNK May Move: Russian Equities Preview

Bloomberg reports the Micex Index (INDEXCF) was little changed, falling 0.1 percent to 1,497.81 yesterday.

The market news is quoted as saying,

OAO Norilsk Nickel: (GMKN RX): Russia’s largest mining company will move its shares from the first level of the Moscow- based Micex Exchange’s so-called A list to the second level, according to a regulatory filing late yesterday. That will allow the company to disclose less information to investors, according to Dmitry Smolin, an analyst at UralSib Financial Corp. in Moscow. Norilsk fell 2.9 percent to 6,500 rubles yesterday.

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