Russian stock market rebounds some from morning losses
MOSCOW. Dec 17 (Interfax) - The Russian stock market had by Monday evening won back some of its morning losses thanks to an upbeat opening of trading in the United States, and the MICEX index rose thanks to the ruble slipping against the dollar.
The day ended with the MICEX index up 0.2% at 1469.53 points, while the RTS index was down 0.6% at 1491.21 points.
VTB gained 0.2% on the day, Gazprom gained 0.2%, Lukoil 0.5%, NOVATEK 0.2%, Rosneft 1%, and Sberbank of Russia 0.1%.
Norilsk Nickel stock gained 3.9% to 5581 rubles after newly elected General Director Vladimir Potanin announced that the agreement between company shareholders envisages dividends representing half of EBITDA, and that starting in 2014 dividends could be paid bi-annually.
MegaFon shares rose to 742.4 rubles (+2.7%).
Gazprom Neft lost 0.5%, Polyus Gold slipped 0.3%, Rostelecom 1.6%, Surgutneftegas 1% (preferred shares -2.4%)), Tatneft 0.9%, Transneft 1.3%, and Federal Grid Company UES 0.6%.
On the MICEX-RTS exchange's second tier, Inter RAO UES lost 2.3%, TGK-9 dropped 1.9%, OGK-5 1.9%, and Razgulyai Group 1.5%.
AvtoVAZ gained 9.2%, IDGC Northern Caucasus gained 3.4%, Mechel 2.5%, VSMPO-Avisma 2.5%, E.ON Russia 1.6%, and the company group PIK 1.3%.
Combined trading on the main MICEX-RTS market amounted to 28.112 billion rubles on the day (with 5.329 billion rubles involved in Gazprom stock deals), on the Standard sector to $86.505 million, and on the Classica sector to $5.822 million.
