Greek factor drags Russian stock market to July 2010 levels
MOSCOW. May 23. (Interfax) - The Russian stock market followed global exchanges down on Wednesday amid expectations of Greece's withdrawal from the eurozone, reaching its lowest levels since July 1, 2010.
At the end of Wednesday's trade, the MICEX stock index was down 3.4% to 1,256.55 points, and the RTS index had fallen 4.4% to 1,264.29 points. The majority of benchmark stocks on the MICEX-RTS Stock Exchange had declined by up to 10%.
The day's biggest loser was Mechel , which saw its stock plummet 10.8% after the closing of its shareholder register on Tuesday.
Other decliners were FSK UES (-0.5%), RusHydro (-7.9%), IDGC Holding (-9.4%), VTB (-5.9%), Gazprom (-3.3%), Gazprom Neft (-4.3%), Lukoil (-1.7%), NOVATEK (-7.3%), MMC Norilsk Nickel (-2%), Polyus Gold (-2.2%), Rostelecom (-3.2%), Sberbank of Russia (-5%), Surgutneftegas (-3.1%), Tatneft (-2.1%) and Rosneft (-2.5%).