22 Feb 2012 19:11

Stock market down on weak eurozone stats, Greece downgrade

MOSCOW. Feb 22 (Interfax) - The Russian stock market fell for the second day running on the back of weak eurozone stats and Fitch's decision to downgrade Greece's rating by two notches.

The MICEX has wiped out 1.5 weeks of growth, falling 1.3% to 1538.17 on February 22. The RTS index was down 0.8% to 1642.01, Benchmark stocks fell up to 3.3%, led by Lukoil . There were also drops for VTB (-1.6%), Gazprom (-1%),Gazprom Neft (-0.5%), MMC Norilsk Nickel (-2%), Polyus Gold (-0.8%), Rosneft (-1.2%), Rostelecom (-2.1%), Sberbank (-0.6%), Tatneft ) (-0.5%), FGC (-2.8%), Transneft (-3.3%), NOVATEK (-0.7%) and Surgutneftegas (-0.7%).

Second-tier losers included