Stock Trade of Mining Companies On Russian Stock Market : Lukoil, Norilsk Nickel, Polyus Gold



March 5th, 2010 | File Under : Companies - Copper - Mining Stock

mining companies stock trading on russian stock marketThe following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close of trading in Moscow.

The 30-stock Micex rose 0.7 percent to 1,332.64 at the close of trading in Moscow. The dollar-denominated RTS Index increased 1.5 percent to 1,410.85.

OAO Lukoil : Crude oil rose after a report showed the U.S. economy grew at a 5.9 percent annual rate in the fourth quarter. Shares in Russia’s biggest non-state oil producer slipped 0.3 percent to 1,575.22 rubles.

OAO GMK Norilsk Nickel : Copper prices rose, capping the biggest monthly gain since August. Shares in Russia’s largest miner advanced 1.6 percent to 4,594.77 rubles.

OAO Polyus Gold : Gold prices may gain as investors seek a hedge against inflation and volatile markets, said Graham Tuckwell, chairman of ETF Securities Ltd. Shares in Russia’s biggest gold producer increased 0.6 percent to 1,470.58 rubles.

source : bloomberg.com

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