Russian stock market marks another 'Black Tuesday'
MOSCOW. Oct 4 (Interfax) - The Russian stock market marked down another Black Tuesday in its history book amid panic sales heightened by margin-call signals as world stock markets and oil fell on worries of a Greek default.
The trading day ended with the RTS index down 5.17% at 1224.92 points (the day's low point - 1200.34 points), its lowest since October 2, 2009 (1224.8 points). The MICEX index fell 5.72% on the day to 1267.77 points (low point - 1242.75 points), its lowest since July 1, 2010. Prices for most benchmark shares dropped from 2.22% to 8.1%.
Sberbank of Russia ordinary shares plunged 8.1% (preferred shares 8%) on the MICEX, to a low not seen since the fall of 2009. VTB lost 7.4%, Gazprom dropped 5.8%, Gazprom Neft 4.6%, Lukoil 3.4%, NOVATEK 6.5%, Norilsk Nickel 7.3%, Rosneft 6.4%, Rostelecom 8.1%, Surgutneftegas 2.2%, Tatneft 3.3%, and FGC UES 6.9%.
AFK Sistema lost 8.5% and Mobile TeleSystems (MTS) 3.2%, having risen in the morning on Monday news that Sistema intends to put up to $100 million into buying back its own and MTS shares.
Only Polyus Gold was up on the day - 0.2%.
On the MICEX second tier, the bank Vozrozhdenie fell 14.4%, Raspadskaya dropped 13.2%, Magnit (RTS:MGNT) 9.9%, Mechel 9.9%, Magnitogorsk Iron & Steel Works (MMK) 9.7%, Razgulyai Group 9.2%, and PIK Company Group 8.7%.
MGTS was up 5.4%, UAZ gained 4.2%, and Chelyabinsk Tube Rolling Plant rose 2.7%.
Trading combined on the RTS Classic to $8.888 million on the day, on the RTS Standard to $392.96 million, and on the MICEX Stock Exchange to over 77.657 billion rubles.
