OREANDA-NEWS. Last Friday, November 2, Russian market of shares fluctuated under narrow range, whilst influenced by low activity of market players. According to Veles Capital's experts, they have witnessed no more or less solid dynamics on any liquid shares. Stocks of the Norilsk Nickel were slightly above the market, which could be related to decision of the board to pay interim dividends. Shares of the metallurgy sector went below market, the shares of Severstal and MMK in particular.

RTS rose +0.36% and formed 2228.15 points. Top index support was provided by shares of Norilsk Nickel (+4.06%), Gazprom (+0.89%) and LUKOIL (+0.72%). But shares of Surgutneftegas (-1.55%), VTB (-1.25%) and Severstal (-1.69%) affected the index negatively. Trading volume of Friday was low due to upcoming three day weekend and formed just 39.9 mn USD. Top turnover was registered in the shares of UES (10.5 mn USD), Gazprom (7.2 mn USD) and Sberbank (4.6 mn USD). "If we take into account the decrease of primary stock and commodity markets, we may expect the Russian shares to follow. However, we still think that drop will not be serious, as fundamentally, many of Russian shares are underestimated," the analysts conclude.