Russian stock market slides on weak U.S. statistics
MOSCOW. June 21. (Interfax) - The Russian stock market followed Europe and the U.S. down on Thursday in negative reaction to the Federal Reserve's decision and weak U.S. statistics.
By the end of Thursday's trade, the MICEX stock index had dipped 0.8% to 1363.58 points, and the RTS index had declined 1.9% to 1306.85 points thanks to a sharp drop in the ruble against the dollar (the dollar shot up by almost 40 kopecks).
The majority of benchmark stocks on the MICEX-RTS Stock Exchange had fallen by up to 2.5%, led by NOVATEK (-2.5%) and followed by Gazprom (-1%), Lukoil (-0.5%), MMC Norilsk Nickel (-1.1%), Polyus Gold (-1.5%), Rostelecom (-1.7%), Sberbank of Russia (-0.4%), Surgutneftegas (-2.1%) and Tatneft (-1.6%).
The day's winners were Rosneft (+3%), Gazprom Neft (+0.7%), VTB (+0.04%) and FGC UES (+0.3%).
Second-tier losers included E.ON Russia (-4.6%), Uralkali (-2.8%), Transneft (-2.5%), TMK (-2.5%), Sollers Group (-2.2%) and RAO ES of East (2.2%).
Second-tier gainers were O2TV (+3.6%), IDGC North Caucasus (+3.3%), OGK-3 (+3.1%), Inter RAO UES (+2.7%), Magnitogorsk Iron & Steel Works (+2.7%) and OGK-1 (+2.4%).
Combined trading volume on the main MICEX-RTS market was 34.664 billion rubles (10.523 billion rubles of which in ordinary Sberbank shares). In the Standard sector, it was $252.04 million, and in the Classica sector - $1.958 million.