Russian stock market makes downward correction on Friday
MOSCOW. Aug 10. (Interfax) - The Russian stock market made a downward correction together with global markets on Friday due to profit taking spurred by Chinese and European statistics.
By the end of the day's trade, the MICEX stock index had fallen 1% to 1441.59 points, and the RTS index had declined 1.4% to 1427.33 points.
The majority of benchmark stocks on the MICEX-RTS stock exchange decreased by up to 3.5%, led by FGC UES (-3.5%) and followed by VTB (-1.4%), Gazprom (-0.8%), Gazprom Neft (-0.2%), Lukoil (-0.9%), NOVATEK (-2.4%), MMC Norilsk Nickel (-1.2%), Polyus Gold (-0.1%), Rosneft (-1%), Sberbank of Russia (-1.1%), Surgutneftegas (-0.1%) and Tatneft (-0.8%).
The day's winner was Rostelecom (+0.3%).
Friday's second-tier losers were IDGC Center and Volga (-6.2%), OGK-5 (-4.7%), IDGC Holding (-3.4%), TGK-13 (-3.3%), Sollers (-3.2%), OGK-1 (-3.2%) and Inter RAO UES (-2.4%).
Second-tier winners included TGK-9 (+10.9%), VSMPO-Avisma (+1.1%), TGK-14 (+0.9%), Magnitogorsk Iron & Steel Works (+0.8%) and Irkutskenergo (+0.7%).
Combined trade on the main MICEX-RTS market came to 26.736 billion rubles (8.18 billion rubles of which in Sberbank ordinary shares). In the Standard sector it was $71.993 million, and in the Classica sector - $0.338 million.