Russian stock market opens week with losses following Europe, TGK-9 gains on news
MOSCOW. Oct 29 (Interfax) - The Russian stock market opened the week with continuing losses following Europeans markets and during a stop in U.S. trading because of Hurricane Sandy. Shares in genco TGK-9 went up by 13% on news that loans will be allocated for the construction of its new electricity stations.
Benchmark stocks on the MICEX went down by 0.1% to 1,431.9 points (after hitting a day's low of 1,422.34 points). The RTS Index went down by 0.4% to 1,435.05 points. The majority of blue chips decreased on the MICEX-RTS within 1.9%.
Decliners for the day were VTB , down 0.1%, Gazprom - 0.5%, NOVATEK - 0.6%, Polyus Gold - 1%, Rosneft - 0.4%, Rostelecom - 0.2%, Sberbank - 0.3%, Surgutneftegas - 1%, Federal Grid Company UES - 1.9%, and TNK-BP - 1.9%.
Advancers for the day were Gazprom Neft , up 0.3%, MMC Norilsk Nickel - 0.2%, Lukoil - 1.2%, and Tatneft - 0.9%.
Posting losses on the MICEX-RTS Exchange on Monday were IDGC North Caucasus , down 4.3%, TMK - 2.7%, Belon - 2.4%, Raspadskaya - 2.3%, AvtoVaz - 2.2%, Razgulay Group - 2.1%, and Magnitogorsk Iron & Steel Works - 2.1%.
Posting gains were TGK-9, up 13%, PIK Group - 1.3%, AFK Sistema - 1.3%, VSMPO-Avisma - 1.2%, and MTS - 1%.
TGK-9's shares were supported by news that Vnesheconombank will allocate 26 billion rubles for new stations in Perm Territory and the Sverdlovsk Region.
Total stock trading on the MICEX-RTS main market came to 17.077 billion rubles (3.893 billion rubles of which went to Sberbank common shares), Standard sector deals - $68.956 million, and Classica deals - $192,000.
