Russian stock market down amid foreign decline on Tuesday
MOSCOW. July 24. (Interfax) - The Russian stock market reached its lowest value since June 28 on Tuesday against a background of falling global markets over fears about Europe and China.
By the end of Tuesday's trade, the MICEX stock index had edged down 0.5% to 1365.75 points, and the RTS index had declined 0.7% to 1314.27 points.
The majority of benchmark stocks on the MICEX-RTS stock exchange had fallen by up to 2.7%, led by Polyus Gold (-2.7%) and followed by VTB (-0.4%), Gazprom (-1.7%), Gazprom Neft (-1.1%), Lukoil (-1.1%), Rosneft (-0.4%), Sberbank of Russia (-1.8%), Surgutneftegas (-1%) and Transneft (-0.7%).
Winners were NOVATEK (+0.6%), Rostelecom (+0.3%), Tatneft (+0.5%), FGC UES (+1.4%) and Surgutneftegas prefs (+1.5%).
The day's second-tier losers were Razgulay Group (-3.8%), Vozrozhdenie Bank (-3.4%), E.ON Russia (-2.4%), O2TV (-2.3%), TGK-13 (-2.2%), Irkutskenergo (-2.2%) and Severstal (-2.1%).
Second-tier gainers were Magnit (+8.2%), IDGC North Caucasus (+2.4%), IDGC Center and Volga (+2.3%), TGK-14 (+1.9%) and Mosenergosbyt (+1.9%).
Combined trading volume on the main MICEX-RTS market came to 32.575 billion rubles (11.949 billion rubles of which in ordinary Sberbank shares). In the Standard sector it was $99.251 million, and in the Classica sector - $4.158 million.