Russia Stocks: Norilsk Nickel Increases

Bloomberg reported the Micex Index rose 2.2 percent on Friday.

As quoted in the market news:

OAO Norilsk Nickel (GMKN RX) added 2.5 percent to 5,230 rubles, the highest level since April 20. Russia’s largest mining company climbed as UBS AG said the stock is undervalued after investors pulled cash from Russia-focused equity funds.

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