Russian stock market sees volatility on Tues but closes with practically no changes
MOSCOW. Aug 23 (Interfax) - The Russian stock market, which opened with a jump in morning trades within 1%, and later increased by 1.5%, slowly lost its momentum and ended up losing around 1% on negative Eurozone stats further on into the day. However, by the end of trading, the Russian stock market was able to return to the level of yesterday's close.
The MICEX Stock Exchanged gained 0.01% for the day to close at 1,444.1 points while blue chips on the RTS Index increased by 0.03% to 1,578.91 points.
Decliners for the day on the MICEX were common shares in Federal Grid Co , down 3.64%, MMC Norilsk Nickel - 2%, Sberbank - 1.6% and 1.13% losses for prefs, Rosneft - 1.14%, Gazprom Neft - 0.66%, VTB - 0.56%, RusHydro - 0.37%, Polyus Gold - 0.08% and Transneft prefs - 1.44%.
Advancers for the day were Uralkali , up 3.18%, Lukoil - 2.82%. Mosenergo - 1.8%, Rostelecom - 0.9%, Tatneft - 0.76%, Surgutneftegas - 0.3% and Gazprom - 0.1%.
