MOSCOW, October 29 (RIA Novosti) - RTS and MICEX, the leading Russian stock exchanges, showed robust growth in Wednesday trading, with their benchmark indices climbing almost 12% and 14%, respectively.
The benchmark RTS index rose 11.88% from Tuesday's close to 644.00 points, while the ruble-denominated MICEX index, the second important indicator of the Russian stock market, increased 13.84% to 608.88 points.
Share price gains on the dollar-denominated RTS exchange were led by growth in the stocks of energy giant Gazprom (up 16.42%), independent crude producer LUKoil (11.72%) and state-controlled oil firm Rosneft (20%), as well as state-run bank VTB (9.09%) and metals giant Norilsk Nickel (20.17%).
Trading in the shares of state-run retail savings bank Sberbank was suspended until Friday or instructions from the federal regulator after its stock appreciated more than 25%.
