Norilsk: Russian Equity Preview

Bloomberg reported the Micex Index fell 1.7 percent at the close in Moscow as the dollar-denominated RTS Index dropped 3.6 percent.

The market news is quoted as saying,

OAO Norilsk Nickel (GMKN RX): The world’s largest nickel producer’s board of directors meets to vote on a $4.5 billion buyback program. Norilsk rose 2.1 percent to 7,542 rubles.

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