10 Feb 2012 19:42

Russian stock market closes week down for first time this year

MOSCOW. Feb 10 (Interfax) - The Russian stock market wrapped up the week down for the first time since the beginning of the year, as the EU decided to postpone voting on Greece's financial aid package.

By the end of the day on Friday, the RTS stock index had fallen 2.1% to 1603.25 points, and the MICEX index had dropped 1.1% to 1525.17 points. The majority of benchmark stocks on the MICEX-RTS stock exchange had decreased by up to 4%.

For the week as a whole, the RTS index was down 1.4%, and the MICEX index was down 2.5%.

Friday's losers included VTB (-1.9%), Gazprom (-0.3%), NOVATEK (-1.9%), MMC Norilsk Nickel (-2.2%), Polyus Gold (-1.3%), Rosneft (-0.2%), Rostelecom (-0.3%), Sberbank of Russia (-1.4%), Surgutneftegas (-3.7%), Tatneft (-1.3%) and FGC UES (-4%).

Gainers were Lukoil (+0.3%), Gazprom Neft (+0.9%) and Transneft (+1.6%).

Second-tier losers included Severstal (-4.7%), Novolipetsk Steel (NLMK) (-4.6%), OGK-2 (-4.2%) and, following a two-day rally, OMZ (-18.2% ordinary, -4.7% prefs).

There were gains for OPIN (+9.7%), RAO ES Vostoka (+7.4%), O2TV (+4.6%) and Bashneft (+3.4%).

Combined trading volume on the main MICEX-RTS market was 46.317 billion rubles, of which 14.527 billion rubles in Sberbank ordinary shares. Standard market turnover was $345.58 million and Classica - $0.992 million.