Russian stock market up on Gazprom shares, metallurgy, energy
MOSCOW. Nov 1 (Interfax) - The Russian stock market on Tuesday rose on Gazprom shares, those of metallurgical and energy companies, however the MICEX and RTS indexes could not maintain levels over 2000 and 1000, respectively, due to weak oil and the drop in global stock markets.
The MICEX stock index rose 0.4% to 1996.87 with a higher of the day at 2003.14 and the RTS index rose 0.8% to 996.63, with a high of the day at 1000.31. The majority of ruble-denominated blue chips on the Moscow Exchange moved within 3.2% due to the ruble's appreciation.
The dollar fell 27 kopecks to 63.11 rubles.
Advancers included Gazprom (+2.3%), Mechel (+3.2% and +0.9% for preferred shares), Rosneft (+2.1%), Russian Grids (+4.3% and +1.9% for preferred shares), Rostelecom (+3.2%), Rusal (+2.2%), RusHydro (+1.7%), Surgutneftegas (+1.6%), Tatneft (+2.1%).
Decliners included Magnit (-0.9%), Moscow Exchange (-1.7%), Novatek (-1.1%), Sberbank (-1.1% and -1.2% for preferred shares), the preferred shares of Surgutneftegas (-2%).
