Russian stock market posts losses on Tues, MICEX goes below 1,410 points
MOSCOW. July 31 (Interfax) - The Russian stock market made a downward correction on Tuesday following world markets and oil prices in the lead-up to the next meeting of the U.S. Federal Reserve, which should make a decision on new stimulus measures. The MICEX index went below 1,410 points.
Benchmark stocks on the MICEX went down by 1.5% to 1,407.02 points while the RTS Index declined by 1.5% to 1,377.35 points. The bulk of blue chips on the MICEX-RTS declined within 3.5%.
In July, the MICEX went up by 1.4% while the RTS gained 2%.
Decliners for the day were VTB , down 1.1%, Gazprom - 2.6%, Gazprom Neft - 1.6%, Lukoil - 0.4%, NOVATEK - 1.9%, MMC Norilsk Nickel - 2%, Rosneft - 3.3%, Rostelecom - 2.3%, Sberbank R - 1.7%, Tatneft - 2.3%, and Federal Grid Company - 3.5%.
Posting gains were Polyus Gold , up 1.5% and Surgutneftegas up 0.1%.
Posting losses among second tier stocks on the MICEX-RTS exchange were OGK-3, down 6.4%, Novolipetsk Steel - 3.6%, O2TV - 3.4%, Raspadskaya - 3.1%, and RusHydro - 2.9%.
Posting gains were IDGC Holding, up 3.1%, E. On Russia - 1.4%, Belon - 1.4%, and TGK-13 - 1.3%.
Total stock trading on the MICEX-RTS main market for the day came to 29.584 billion rubles (9.449 billion rubles of which went to Sberbank common shares), Standard deals - $87.833 million, and Classic sector deals - $554,000.
