Russian stock market up for 4th straight day
MOSCOW. Nov 8 (Interfax) - The Russian stock market climbed on Tuesday for a fourth day running amid rosier world markets awaiting news out of Italy, where there is a parliamentary vote on the work of the government.
The RTS index ended the trading day up 1.06% at 1579.82 points, the MICEX index slipped 0.01% to 1520.88 points, and blue chip share prices moved mixed.
MICEX trading began one hour late at 11:00 a.m. Moscow time due to the incorrect display of information pertaining to remaining investor funds.
VTB rose 1% on the MICEX, NOVATEK gained 0.4%, Sberbank of Russia 2.1%, Surgutneftegas 0.02%, Tatneft 0.2%, and FGC UES 2.1%.
On the other hand, Norilsk Nickel slid 2%, Lukoil lost 0.3%, Rosneft 0.4%, Polyus Gold 1.2%, and Rostelecom 0.9%.
Gazprom Neft rose 1.1% to 133.34 rubles after the Tuesday release of a fairly good US GAAP report, but net profits were not as expected. The company rose 3.4% on Monday and 1.3% last Friday.