Russian stock market falls on Tuesday
MOSCOW. Oct 30 (Interfax) - The Russian stock market posted losses on Tuesday, led by Gazprom stock, which rolled back to its end-of-July levels on the news that its 2012 investment program is being expanded.
By the end of the day's trade, the MICEX stock index had fallen 0.7% to 1421.75 points, and the RTS index had declined 0.3% to 1430.1 points.
The majority of benchmark stocks on the MICEX-RTS stock exchange dropped by up to 2.5%, led by Gazprom (-2.5%) and followed by VTB (-1.2%) Lukoil (-0.2%), NOVATEK (-1.4%), MMC Norilsk Nickel (-0.1%), Rostelecom (-1.4%), Sberbank of Russia (-0.6%), Surgutneftegas (-1.1%) and Tatneft (-2%).
Market winners included Gazprom Neft (+0.3%), Rosneft (+0.8%), FGC UES (+4%) and IDGC Holding (+2.9%).
Second-tier losers were TGK-9 (-3.3%), Magnit (-2.3%), Vozrozhdenie Bank (-1.8%) and Magnitogorsk Iron & Steel Works (-1.7%).
Second-tier winners included TMK (+2.9%), IDGC Center and Volga (+2.2%) and E.ON Russia (+1%).
Combined trading volume on the main MICEX-RTS market for the day came to 26.987 billion rubles (6.787 billion rubles of which were in Gazprom stock). In the Standard sector it totaled $77.34 million, and in the Classica sector - $1.756 million.