STOCKS NEWS EMERGING EUROPE-Surgut reverse early loss on MOL buy

                                
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 1037 30March 2009 - MOL helps Surgut reverse early loss
  --------------------------------------------------------------
                                
 Shares in Russia's No. 4 oil company Surgutneftegaz
<SNGS.MM> reverse early losses, rising 3.8 percent to 22.33
roubles thanks to a deal to buy a stake in Hungary's MOL
<MOLB.BU>, its first foreign buy. [nLU169740]
                                
 "Surgut for the first time in its long history has started
acquiring something and and spending its cash," Renaissance
Capital trader Dmitry Kulyashenets said.
                                
 Surgut has drawn investor fire for accumulating cash for
most of the decade's oil boom, while eschewing hefty dividend
payments and acquisitions. Analysts estimate the cash pile stood
at $19 billion at the end of September 2008.
                                
polina.vorobieva.thomsonreuters.com@reuters.net
                                
 
                                
 0853 30March 2009 -  Czech Philip Morris rises on dividend
  --------------------------------------------------------------
                                
 Shares of Czech tobacco group Philip Morris CR <TABKsp.PR>
are among a handful of gainers, rising 1.2 percent after
better-than-expected profit last year that implied a still
healthy 9.9 percent dividend yield if it follows the trend from
recent years. [nPRA002464]
                                
 "The results were better than expected... so the dividend
could give support in coming days," one dealer said.
                                
 The company is controlled by Philip Morris International
<PM.N>.
                                
 jason.hovet.thomsonreuters.com@reuters.net


                                
 0853 30March 2009 - AvtoVAZ up 27 pct as Putin gives aid
 --------------------------------------------------------------
                                
 Shares in Russia's AvtoVAZ <AVAZ.MM>, maker of the
ubiquitous Lada car, spike 27.11 percent to 10.55 roubles as
Prime Minister Vladimir Putin pledges 20 billion roubles in aid.
                                
 Traders say momentum in the sector is positive as Putin goes
to AvtoVAZ headquarters on the Volga river.
                                
 Truckmaker Kamaz <KMAZ.MM> also rises 7.14 percent to 19.5
roubles on a report in Vedomosti daily it would benefit from 10
billion roubles allocated from regional budgets for vehicle
purchases in addition to 20 billion from the federal government.
                                
 polina.vorobieva.thomsonreuters.com@reuters.net
                                
 
                                
 
                                
 0806 30March2009 - KGHM drops on lower copper price
 --------------------------------------------------------------
                                
 Shares in KGHM drop as much as 6.5 percent after copper
prices <.MCU3> fell 2.5 percent on Monday.
                                
 Traders say investors mostly overlooked press speculation
that KGHM, Warsaw bourse's best performer this year, was looking
to scrap the planned listing of its fixed-line phone unit Dialog
and would instead sell it to a single buyer. [nLU177913]
                                
 chris.borowski.thomsonreuters.com@reuters.net