Russian stock market follows global markets down on Wednesday
MOSCOW. May 30. (Interfax) - The Russian stock market compensated for some of yesterday's growth on Wednesday, following world markets down on Spain's downgrade and eurozone statistics.
By the end of Wednesday's trade, the MICEX stock index had fallen 1.4% to 1308.3 points, and the RTS index had declined 2.6% to 1273.26 points.
The majority of benchmark stocks on the MICEX-RTS Stock Exchange were down by up to 3.3%, with the biggest losers being VTB (-3.8%), Gazprom Neft (-0.7%), Lukoil (-1.3%), NOVATEK (-3.3%), MMC Norilsk Nickel (-1.2%), Rostelecom (-3.3%), Surgutneftegas (-3.2%), Tatneft (-2.5%) and FGC UES (-5.9%).
Winners included Sberbank (+2.1%) and Rosneft (+1.7%).
Second-tier decliners were IDGC Center and Volga (-10.2%), IDGC Holding (-5.3%), TGK-1 (-5%), Mechel (-4.6%), MTS (-4.4%), Pharmacy Chain 36.6 (-4%) and IDGC North Caucasus (-4%).
Second-tier gainers included O2TV (+3.8%), PIK Group (+2.2%), VSMPO-Avisma (+1.6%), Uralkali (+0.8%) and Novolipetsk Steel (NLMK) (+0.7%).
Combined trading volume on the main MICEX-RTS market was 48.095 billion rubles (17.183 billion rubles of which came from ordinary Sberbank shares). In the Standard sector, it totaled $275.909 million, and in the Classica sector - $0.82 million.