Fesco, Mechel, Norilsk Nickel, Novatek: Russian Equity Preview

The 30-stock Micex Index fell 1.5 percent to 1,630.78 in Moscow, the weakest level since Dec. 1.

The market news is quoted as saying,

OAO GMK Norilsk Nickel (GMKN RX): The world’s largest producer of nickel and palladium recommended a 2010 dividend of 180 rubles a share, or $1.23 billion in total. Norilsk rose 2 percent to 7,301 rubles.

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