Russian stock market fluctuates after Europe news, Tatneft goes up
MOSCOW. May 7 (Interfax) - The Russian stock market started the week with serious blue chips fluctuations and low volumes - prices slid in the morning due to news from France and Greece but rose again later on following Europe and responding to domestic news that came after Vladimir Putin's presidential inauguration.
The MICEX index closed at 1385 points (down 0.1%, though in the morning it dropped to 1350.17 points, the lowest since December 12 ), and the RTS index at 1488.64 points (down 0.1%). The ruble prices for blue chips at MICEX-RTS changed within 3.6%.
Tatneft ordinary shares showed the best performance: having slumped to 166 rubles in the morning, they rebounded to 179.2 rubles, 5.2% up on Saturday's level.
Tatneft's preferred shares went up 1.2%, with no corporate news behind this. The company's shareholders register for dividend payment closes on May 14.
The following companies were up: Gazprom , by 1.1%, the register closing on May 10, Lukoil , by 0.3%, register closing on May 11, NOVATEK , by 0.8%, Norilsk Nickel , by 0.2%, Rosneft , by 0.6%, Surgutneftegas , by 0.6%, and FGC UES , by 2.4%.
Those that were down were VTB , by 1.9%, Gazprom Neft , by 1.3%, Polyus Gold , by 1.5%, Rostelecom , by 0.8%, Sberbank of Russia , by 2.1%, and Transneft , by 3.6%.
On the MICEX-RTS second tier, the worst performance was shown by Pharmacy Chain 36.6 , which slumped by 5.2%, Novolipetsk Steel (NLMK) , which dropped 4.8%, Sollers , which fell 4.5%, OGK-2 , which slid 4.1%, Razgulay Group , which went down 4%, Acron , which was down 3.9%, and KAMAZ , which was down 3.6%.
At the same time, O2TV was up 4.4%, MRSK Holding up by 2%, OGK-3 up by 1.2%, and VSMPO-AVISMA up by 1.2%
Share trading on the main MICEX-RTS amounted to 20.629 billion rubles (a sum where 7.605 billion rubles was involved in deals for Sberbank ordinary shares), to $179.796 million on the Standard sector, and to $0.705 million on the Classic sector.