Moscow-traded shares in Polymetal, VSMPO surge

MOSCOW, March 17 (Reuters) - Moscow-traded shares in Russian precious metals miner Polymetal POLY.MM surged almost 40 percent on Monday, while shares in titanium giant VSMPO Avisma

VSMO.MM added 31 percent.

Polymetal's key London-listed shares POLYP.L were up 4 percent. It was not clear what was fuelling the rise.

Polymetal and VSMPO Avisma typically have low liquidity in Moscow. The Russian benchmark index for metals and mining companies was up 7 percent after shares were buoyed by signs of some movement on the Russian side to engage in diplomacy over Ukraine.

(Reporting by Polina Devitt, editing Elizabeth Piper)

((Polina.Devitt@thomsonreuters.com)(+7 495 775 12 42)(Reuters Messaging: polina.devitt.reuters.com@reuters.net))

Keywords: RUSSIA POLYMETAL/STOCKS