Russian Stocks End Two-Day Rout Led by VTB as Energy Stocks Drop
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Russian stocks rose for the first time in three days as OAO VTB Bank climbed the most in a month before an MSCI Inc. decision on whether to keep the shares in its Russia index. Energy stocks declined.
The Micex Index added 0.3 percent to 1,378.98 by the close in Moscow after earlier falling as much as 0.7 percent. VTB, the nation’s second-biggest bank, rose 3.1 percent, the biggest gain July 7. OAO Lukoil retreated for a third day after Vedomosti reported that President Vladimir Putin approved a plan to increase oil-refining taxes.