Russian stock market slides to end-of-Nov level on Western sales
MOSCOW. Dec 7 (Interfax) - The Russian stock market on Wednesday slid down to its end-of-November level on Western sales, which were initially provoked by mounting political pressure after the State Duma elections and later strengthened by a downward correction on world stock markets.
The MICEX index fell to 1448.39 points (-0.7%) on Wednesday, and the RTS index was down to 1467.69 points (-1.2%), while the majority of benchmark stocks fell by up to 3.3%.
Losers on the MICEX Stock Exchange were led by FGC UES (-4.7%), followed by Transneft (-3.3%), Polyus Gold (-3.2%), Tatneft (-2.1%), NOVATEK (-1.2%), Surgutneftegas (-0.9%), Sberbank of Russia (-0.8%), VTB (-0.8%), Lukoil (-0.5%), Rostelecom (-0.4%) and Gazprom (-0.3%).
After a morning correction upwards, Rosneft (+1.5%) and MMC Norilsk Nickel (+0.2%) entered positive territory.
