Wednesday 30 October 2013

Nasdaq Addition Seen Boosting VimpelCom: Russia Overnight - Bloomberg

Nasdaq Addition Seen Boosting VimpelCom: Russia Overnight - Bloomberg:

"VimpelCom Ltd. (VIP), Russia’s third-biggest mobile carrier, is poised for the biggest monthly gain since August 2012 on prospects its inclusion in the Nasdaq benchmark index will bolster demand for the shares.
American depositary receipts of VimpelCom have rallied 21 percent to $14.22 in October. The shares added 1.1 percent yesterday. The Bloomberg Russia-US Equity Index of the most-traded Russian companies in New York fell for a third day, led by OAO GMK Norilsk Nickel (NILSY), which settled at the narrowest premium to the Moscow-listed shares in four days. RTS stock index futures decreased 0.1 percent to 148,570 in U.S. hours."

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