Russian stock market opens July with gains, MICEX goes over 1,400 points, market's optimism partially lost because of U.S. stats
MOSCOW. July 2 (Interfax) - The Russian stock market opened trading in July with gains as the MICEX Index went over 1,400 points owing to an upswing in Asia and Europe. However, market optimism on Monday was slightly sullied by weak stats from the U.S.
Benchmark stocks on the MICEX went up 1.1% to 1,402.74 points (after hitting a session high of 1,406.17 points) while the RTS Index increased by 0.5% to 1,357.34 points. Ruble-based blue chips on the MICEX-RTS Exchange increased within 3%.
Advancers for the days were VTB , up 3%, Gazprom - 1%, Lukoil - 0.2%, NOVATEK - 2.8%, MMC Norilsk Nickel - 0.3%, Sberbank - 1.5% and 1.8% on prefs, Surgutneftegas - 1.9%, Tatneft - 1.6%, and Federal Grid Company UES - 2.6%.
Posting gains among second tier stocks on the MICEX-RTS exchange on Monday were Sollers , up 6%, E.ON Russia - 5.5%, O2TV - 5%, RusHydro - 3.5%, Novolipetsk Steel - 3.4%, and Magnit - 2.6%.
Posting losses were Irkutskenergo , down 3.6%, Mosenergosbyt , down 2%, IDGC Center and Volga - 1.8%, Vozrozhdenie Bank - 1.4%, and IDGC North Caucasus - 1.3%.
Total trading on the MICEX-RTS main market for the day came to 32.1 billion rubles (10.83 billion rubles of which went to Sberbank common shares).