Mixed trend on Russian stock market
MOSCOW. Nov 11 (Interfax) - The Russian stock market saw mixed trends on Friday, as profit-taking at the end of the week was offset by a positive dynamic on world exchanges, fueled by news that the Italian Senate had adopted a budget law.
The MICEX index was down 0.31% at 1,484.97 points on Friday, the RTS index rose 0.06% to 1,530.7 points, and prices for many benchmark shares changed by up to 3%.
The MICEX Stock Exchange's biggest advancer was FGC UES , which rose 8.6% to 0.3176 rubles per share on the news that Morgan Stanley had increased its recommendation for FGC shares from "hold" to "buy" with a simultaneous 10% decrease in the target price to 0.38 rubles.
Other advancers included Tatneft (+3%), Sberbank of Russia (+0.5%), Polymetal (+0.4%), Gazprom (+0.2%) and Gazprom Neft (+0.01%).
Losers included VTB (-1.1%), Lukoil (-2.8%), NOVATEK (-0.3%), MMC Norilsk Nickel (-1.6%), Polyus Gold (-0.7%), Rosneft (-1.6%), Rostelecom (-0.3%) and Surgutneftegas (-0.2%).
Second-tier MICEX decliners included RAO ES Vostok (-2.8%), Novolipetsk Steel (NLMK) (-1.7%), TGK-9 (-1.3%) and PIK (-1.3%).
There were gains for Zavod Diod (+7%), VSMPO-Avisma (+4.3%), Sistema (+3.8%) and Severstal (+3.6%).
RTS Classica Market volume was $212.555 million (of which $211.311 million in one transaction for TGK-9 shares at $0.0001 within market spread), RTS Standard turnover reached $410.373 million and MICEX volume came to 58.013 billion rubles (25.17 billion rubles of it in Sberbank ordinary shares).