Russian financial markets: stocks fall, ruble tumbles on oil correction Wed evening
MOSCOW. Oct 25 (Interfax) - The ruble was down against the dollar and euro on Wednesday evening and Russian stocks were falling amid a downward correction in oil prices and declining international equities markets.
The MICEX stock index was down 0.6% to 2049.48 points and the RTS was down 0.8% to 1118.13 as trading closed Wednesday evening.
Leading decliners on the Russian stock market included OGK-2 (-3%), Novolipetsk Iron & Steel Works (-2.7%), Raspadskaya Mine (-2.7%), Norilsk Nickel (-2.6%), Tatneft (-2.5%), Rosseti (-2.5%), Polyus (-2.4%), Alrosa (-2.3%), Moscow Exchange (-1.6%), Rosneft (-1.3%), Gazprom Neft (-1%), VTB (-1%), Gazprom (-0.8%), Surgutneftegas (-0.5%), Lukoil (-0.4%), Sberbank (-0.2% and preferred shares by -0,8%) and Mobile TeleSystems (-0.02%).
Advancers included shares of Sistema (+0.5%), Pharmacy Chain 36.6 (+0.5%), TMK (+0.4%) Aeroflot (+0.2%) and RusHydro (+0.2%). There were also gains for Magnit (+4.9%) and Dixy (+3.7%).
The dollar was up 0.24% to 57.76 rubles/$1 as of 6:50 p.m. and the euro was up 0.5% at 68.165 rubles/EUR1.