Russian ADRs Take Off (MTL)(LUKOY)

247wallst — Mon, 09 Nov 2009 20:25:02 +0000

Tickerspy’s Russian Stock and ADR Index is up close to 5% as the market goes into its close. Among the biggest movers was LUKOIL (OTC: LUKOY), an oil and gas company that was up over 6.5% today. Mechel OAO (NYSE: MTL), a mining company, was also up over 6.5%.

Russian oil and mining stocks were up today largely due to the effects of this weekend’s G-20 meetings, where world leaders agreed to continue their fiscal and monetary stimulus until global economic recovery. This news gave investors confidence that there will be demand for industrial commodities in the coming quarters. This has had the effect of pushing up the value of Russia’s ruble again the dollar, along with Russia MICEX index, as oil and metals mining represent a significant portion of that country’s economy.

Garrett W. McIntyre

Posted in Emerging Markets, ETF, International Markets, Metals Tagged: CTCM, LUKOY, MBT, MTL, NILSY, OGZPY, ROS, SGTPY, VIP, WBD

Russian ADR’s, ETF’s, Funds Hit On Military Actions (TRF, CEE, RSX, MBT, MTL, ROS, VIP, WBD)

247wallst — Fri, 08 Aug 2008 10:56:30 +0000

Russian shares in ETF’s, closed-end funds, and ADR’s are taking a little beating this morning after Russian forces have rolled in with tanks, troops, and air raids into Georgia’s breakaway South Ossetia region. Deciding who is responsible is up to you, particularly as Russia and its former Soviet Union states are known for information not coming out at all or not coming out in a timely and accurate manner. Here is a list of the reactions we are seeing in these stocks, funds, and ETF’s.

INDIVIDUAL RUSSIAN STOCK ADR’s:

Mobile Telesystems OJSC (NYSE: MBT) -6.8% at $66.29 on 1.88M shares
Mechel OAO Company (NYSE: MTL) -4.2% at $23.05 on 3.6M shares
Rostelecom OAO (NYSE: ROS) -3.75% at $68.35 on 64,000 shares
Vimpel-Communications (NYSE: VIP) -3.3% at $23.50 on 2.4M shares
Wimm-Bill-Dann Foods (NYSE: WBD) -6% at $76.10 on 164,000 shares

EXCHANGE TRADED FUND:

Market Vectors Russia ETF (NYSE: RSX) -5% at $40.15 on 946,000 shares

CLOSED-END FUNDS:

Templeton Russia and East European Fund Inc. (NYSE: TRF) -2.9% at $45.19 on 35,000 shares
Central Europe & Russia Fund Inc. (NYSE: CEE) -4% at $43.33 on 45,000 shares

The open ended mutual funds won’t really see any pricing changes untilthe net asset values update at the end of the day, so where thosereally trade at an end of day hypothetical net asset value might beguesswork. OPEN ENDED FUNDS:

ING Russia A Fund (LETRX)
JPMorgan Russia C Fund (JRUCX)
JPMorgan Russia Select Fund (JRUSX)
JPMorgan Russia R5 Fund (JRURX)
Third Millennium Russia Fund (TMRFX)
TEMPLETON RUSSIA AND EAST EUROPE Fund (XTRFX)
JPMorgan Russia A Fund (JRUAX)

Jon C. Ogg
August 8, 2008

24/7 Wall St. » ROS

Russian ADRs Take Off (MTL)(LUKOY)

Russian ADR’s, ETF’s, Funds Hit On Military Actions (TRF, CEE, RSX, MBT, MTL, ROS, VIP, WBD)