Russian stock market slows on Wall Street correction
MOSCOW. April 27 (Interfax) - The Russian stock market, which followed Europe up despite the Spain ratings downgrade and weak Q1 GDP growth in the U.S., started to slow on Friday evening as Wall Street corrected down.
The MICEX stock index closed the day up 1.6% to 1469.65 and the RTS was up 1.2% at 1594.2. Benchmark stocks rose up to 3.6%, led by Gazprom Neft , up 3.6% following two days of losses after its shareholders register closed.
There were also gains for Gazprom (+2.9%), NOVATEK (+1.6%), MMC Norilsk Nickel (+2%), Rosneft (+1.5%), Rostelecom (+1%), Sberbank (+1.3%), Surgutneftegas (+1.7%) and Tatneft (+0.7%).
Second-tier advancers included TGK-13 (+6.4%), Kamaz (+3.6%), Severstal CHMF) (+2.4%), OGK-1 (+2.3%) and Magnitogorsk Iron & Steel Works (MMK) (+2.2%).
There were losses for TGK-9 (-3.1%), Raspadskaya (-2.1%), OGK-2 (-1.6%) and O2TV (-1.6%).
Combined trading volume on the main MICEX-RTS market was 38.303 billion rubles, of which 10.863 billion rubles in Sberbank ordinary shares. Standard market turnover was $239.774 million and Classica - $611,000 million.