Russian stocks rise on corporate news, global floors advance

MOSCOW, Dec 6 (PRIME) -- The Russian stock market edged up on Friday following the dynamics of foreign stock exchanges and thanks to local corporate stories, analysts said.

The MOEX Russia Index grew 1.02% to 2,928.76 and the RTS rose 1.25% to 1,448.34.

“Most markets started the last trading day of the week with a careful growth, so did the Russian stock exchanges… The market did not demonstrate a wish to fall as well although the trading volume was significantly lower,” Otkritie Broker analyst Andrei Kochetkov said.

Gadgets and home appliances retailer M.Video was again among the top performers. The stock surged 4.15% ahead of dividend payments expected after a merger with another retailer Eldorado, he added.

Metals giant Norilsk Nickel added 2.42% thanks to a rise in prices for platinum group metals including palladium.

Sberbank grew 1.48% after the release of a financial report for January–November under Russian Accounting Standards (RAS) marking a modest 7.3% rise on the net profit.

Below are the MOEX Russia Index’s five most active stocks on Friday:

Company	Change, %	Last price, rbl	Trading volume, bln rbl
Gazprom	+0.6	247.83	11.075
Sberbank	+1.48	235.14	7.777
Lukoil	+1.61	6220	4.402
Norilsk Nickel	+2.42	18048	3.956
Surgutneftegas	+0.34	43.345	2.208

(63.8135 rubles – U.S. $1)

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