14 Sep 2011 19:38

Russian stock market follows Europe up

MOSCOW. Sept 14 (Interfax) - The Russian stock market followed Europe up in expectation of good news about possible EU aid for Greece before weak U.S. retail stats soured the mood late on.

The MICEX stock index closed up 0.45% to 1504.92 after hitting an intra-day high of 1520.72, and the RTS edged down 0.1% to 1587.76. Benchmark stocks rose up to 2.8% either way.

The MICEX saw gains for Polymetal (+2.8%), VTB (+2.6%), NOVATEK (+2.6%), Surgutneftegas (+1.7%) and Tatneft (+1.4%).

There were losses for Rosneft (-0.8%), Severstal (-0.6%), Gazprom Neft (-0.5%), Sberbank (-0.5% ordinary, 1.1% prefs) and MMC Norilsk Nickel (-0.4%).

Second-tier advancers included TGK-2 (+6.2%), Inter RAO UES (+4.3%), Mosenergo (+4.1%), Magnit (+3.8%), TGK-1 (+3.7%), Bank Vozrozhdenie (+3.6%) and Sollers (+3.5%).

Sistema jumper 2.5% on the back of a strong Q2 financial report to US GAAP.

There were losses for TGK-13 (-5.6%), PIK Group (-1.2%), Mechel (-0.9%), North Caucasus Inter-District Grid Company (-0.8%) and Uralkali (-0.8%).

RTS Classica Market volume was $3.46 million, RTS Standard turnover reached $357.51 million and MICEX volume came to 53.713 billion rubles.