12 Sep 2011 10:16

RTS, MICEX indices drop 1.4%-2% at market open

MOSCOW. Sept 12 (Interfax) - Share-trading on the Russian Trading System (RTS) and MICEX exchanges opened for business Monday with the indices slumping 1.4%-2% amid worldwide expectations of default by Greece.

By 10:01 a.m. Moscow time, the RTS index was down 1.37% at 1602.95 points, the MICEX index had lost 2.02% to 1487.53 points, and prices for most benchmark shares had slipped as much as 3.1%.

VTB was down 2.2% on the MICEX by that time, Gazprom had lost 1.8%, Gazprom Neft 2.4%, Lukoil 1.8%, NOVATEK 3.1%, Norilsk Nickel 1.7%, Polyus Gold 0.7%, Rosneft 1.9%, Rostelecom 1.4%, Sberbank of Russia 2.5%, Surgutneftegas 1.9%, Tatneft 2.6%, and FGC UES 2.9%.