Gazprom Neft Boosted by MSCI Listing

The MICEX Index sank on Thursday for the first time in four days, declining 0.4 points, or 0.02 percent, to 1,687.90. Fifteen stocks advanced and 15 retreated. The dollar-denominated RTS Index climbed 1 percent to 2,025.14.

Gazprom rose for a fourth day, adding 1.2 percent to 310.98 rubles on the MICEX stock exchange. Goldman Sachs on Thursday raised its share-price estimate for the world's biggest natural-gas company by 20 percent to $16 (394 rubles). Russia will probably raise its gas-extraction tax to 270 rubles per 1,000 cubic meters, compared with a previous forecast of 650 rubles, Goldman said.

Gazprom Neft jumped 7.6 percent to 142.06 rubles, its biggest gain in four months. MSCI Barra said in a statement that Gazprom's oil arm would be included in the MSCI Emerging Markets Index at the end of the month.

Rosbank advanced 4.5 percent to 180.34 rubles, its biggest gain this year, after France's Societe Generale completed its acquisition of 50 percent plus one share of the bank, formerly controlled by billionaires Mikhail Prokhorov and Vladimir Potanin. The French bank will offer to buy out minority shareholders in accordance with Russian law.

Severstal-Avto gained for a fourth day, adding 2.1 percent to 1,346.93 rubles. Troika Dialog boosted its share-price estimate for the automaker, whose vehicles use motor oil from LUKoil, by 53 percent to $70.10. Revenue will grow 23 percent a year through 2012, driven by sales of Fiat Ducato vans and Isuzu trucks, Troika said.