Micex Climbs on Europe, ‘Patriotic’ Buying Bets as Putin Runs
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Russian stocks rose, snapping three days of declines, amid speculation investors bought the cheapest shares in emerging markets in support of Prime Minister Vladimir Putin’s plan to run for president again.
OAO Magnit, Russia’s largest food retailer by market value, jumped 2.3 percent. OAO Rosneft and OAO Lukoil, Russia’s largest oil producers, rallied 2 percent and 2.9 percent, respectively. The 30-stock Micex Index advanced 1.5 percent to 1,346.86 by the 6:45 p.m. close in Moscow, erasing an earlier loss of as much as