RTS tops 1500 on Putin statements
MOSCOW. Dec 12 (Interfax) - The Russian stock market rallied on Wednesday on the back of statements made by Russian President Vladimir Putin in his address to the Federal Assembly and in anticipation of news from the Federal Reserve.
The RTS stock index closed up 1.5% at 1506.91 and the MICEX was up 1.3% to 1466.51. Benchmark stocks rose up to 3.1%.
There were gains for VTB (+1,8%), Gazprom (+1%), Gazprom Neft (+3%), Lukoil (+0.8%), MMC Norilsk Nickel (+2.2%), Polyus Gold (+0.4%), Rosneft (+1.3%), Rostelecom (+1%), Sberbank (+0.4%), Surgutneftegas (+0.9% and +3.1% prefs), Tatneft (+2.4%) and FGC (+1.5%).
Megafon fell 0.4% and RusHydro (TS: HYDR was down 1.4%.
Second-tier advancers included E.On Russia (+4.6%), TGK-1 (+4%), Magnit (+2.7%), Uralkali (+2.6%) and Inter RAO (+2.3%).
There were losses for Avtovaz (RTS AVAZ) (-2.3%), Belon (-1.9%), Sollers (-0.7%), Vozrozhdenie (-0.6%) and Novolipetsk Steel (NLMK) (-0.4%).
Combined trading volume on the main MICEX-RTS market was 27.469 billion rubles, of which 5.681 billion rubles in Sberbank ordinary shares. Standard market turnover was $74.623 million and Classica - $1.827 million.