3 Oct 2011 10:18

Russian stock markets open with slipping share prices

MOSCOW. Oct 3 (Interfax) - Share-trading on the Russian Trading System and MICEX began the week with blue chip share prices trending down amid renewed concerns over a weakening world economy.

By 10:01 a.m. Moscow time, the RTS index had lost 2.13% to 1312.56 points, the MICEX index was down 2.78% at 1328.56 points, and prices for most benchmark shares had dropped up to 3.5%.

VTB was down 3.2% by that time, Gazprom had lost 2.5%, Lukoil 2.1%, Norilsk Nickel 1.9%, Rosneft 3.3%, Rostelecom 3.3%, Sberbank of Russia 3.5%, Surgutneftegas 2.7%, and Tatneft 3.5%.