Russia stocks regain level existing before Dubai World shocker
MOSCOW. Dec 1 (Interfax) - Russian stocks followed exchanges abroad and oil prices higher on the first day of December, regaining the level existing before Dubai World announced it would seek a standstill agreement with creditors.
The MICEX index rose 2.68% to 1,319.35 points and the RTS index was up 3.01% to 1,416.3 points.
The leading advancer was VTB , which gained 5.2% on MICEX to close at 6.51 kopecks, and Rosneft , also up 5.2% to 246 rubles.
Other advancers included Gazprom - up 1.3%, Lukoil - up 2.3%, MMC Norilsk Nickel - up 1%, Surgutneftegas - up 3.9%, Tatneft - up 4.9%, Sberbank Russia - up 2.8%, and Polyus Gold - up 4.1%.
Among second tier stocks, Magnit gained 6.6%, Uralkali was up 5.8%, Uralsvyazinform added 5.4% and Acron rose 4.4%.
But Polymetal shed 1.9%, Avtovaz was down 1.7% and Volgatelecom declined 0.6%.
Volume totaled $12.497 million on RTS Classica, $351.694 million on RTS Standard and 56.804 billion rubles on MICEX, led by Sberbank ordinary shares with 18.366 billion rubles.
RTS$#&: AKRN, AVAZ, GAZP, GMKN, GUTB, LKOH, MGNT, NNSI, PLZL, PMTL, PRSB, ROSN, SBER, SIBN, SNGS, TATN, URKA, URSI, VTBR