Russia Stocks: Norilsk Nickel, Polymetal International, Rosneft
The 30-stock Micex Index (INDEXCF) rose 2.2 percent to 1,375.23 by the close in Moscow, adding 2.8 percent in the week.
The following were among the most active stocks in the Russian market today. Stock symbols are in parenthesis.
OAO Norilsk Nickel (GMKN RX) added 2.5 percent to 5,230 rubles, the highest level since April 20. Russia’s largest mining company climbed as UBS AG said the stock is undervalued after investors pulled cash from Russia-focused equity funds.
Polymetal International Plc (POLY) gained 6.4 percent to 880 pence by 4:18 p.m. in London. The stock climbed for a third day in London trading on speculation the Russian gold and silver miner will boost dividends as it frees up cash.
OAO Rosneft (ROSN RX) rose 2 percent to 201.18 rubles, the most since May 31. Russia’s biggest oil producer jumped after President Vladimir Putin called on Chief Executive Officer Igor Sechin to boost the company’s dividend.
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