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Stock market upbeat at close
RBC, 25.03.2009, Moscow 19:17:08.Russian stocks closed upwards, with the Micex index rising 4.36 percent to 851.35 points, and the RTS index finishing at 740.94 points, 2.67 percent above yesterday's closing. The trading volume reached RUB 63.46bn (approx. USD 1.91bn) and USD 7.24m on Micex and the RTS, respectively. On Micex, the gainers were led by Sberbank (up 8.35 percent), Lukoil (up 5.1 percent) and VTB (up 8.88 percent). On the RTS, Sberbank also climbed, by 6.34 percent. Gazprom Neft jumped a whopping 24.35 percent, and Uralkali rose 14.77 percent. Meanwhile, Norilsk Nickel dropped 4.36 percent. Trends were mixed today, since there were no serious reasons for sell-offs, and correcting oil prices and negative metal price dynamics put pressure on the market. The market, however, was somewhat backed by the U.S. macroeconomic statistics that beat all forecasts.
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