Russian stock market slips in leadup to next U.S. Fed meeting
MOSCOW. Sept 21 (Interfax) - The Russian stock market declined on Wednesday as investors took profit on worries that the upcoming meeting of the U.S. Federal Reserve will not announce a third round of quantitative easing for the American economy. The MICEX Stock Exchange fell to around 1,500 points
The MICEX went down by 0.84% to 1,507.25 points while benchmark stocks on the RTS Index decreased by 1.11% to 1,518.64 points. The majority of benchmark stocks went down within 0.1%-2.2%.
Decliners on the MICEX were VTB , down 1.6%, Gazprom - 1.1%, Gazprom Neft - 0.5%, Lukoil - 0.1%, NOVATEK - 2.2%, MMC Norilsk Nickel - 0.2%, Polyus Gold - 0.1%, Rosneft - 1.9%, Rostelecom - 0.6%, Sberbank - 0.1%, Surgutneftegas - 0.9%, Severstal - 1.6%, Tatneft - 1.7% and Federal Grid Company - 1.2%.