Russian stock market moves upward following world exchanges, Tatneft leads upward charge
MOSCOW. June 21 (Interfax) - The Russian stock market on Tuesday posted gains for blue chips following world exchanges owing to weakening fears of a possible Greek default. The main advancer for the day was Tatneft , after the release of a strong US GAAP quarterly report (net profit increased by 110% year-on-year to 24.476 billion rubles, defeating earlier analyst forecasts).
The MICEX Stock Exchange increased by 0.54% to finish at 1,634.97 points while the RTS-index went up by 0.73% to 1,871.85 points.
Tatneft's shares increased by 2.7% to 169.49 rubles.
Other advancers on the MICEX were VTB , up 1.2%, Gazprom - 1%, Gazprom Neft - 0.1%, MMC Norilsk Nickel - 0.3%, Sberbank - 1.4%, Novatek - 2.2% and Federal Grid Co - 1.7%
Decliners for the day were Polyus Gold , down 2.7%, Rosneft - 0.9% and Rostelecom - 4.1%.
Posting gains among second tier stocks on the MICEX were AvtoVaz , up 4.9%, TGK-1 - 3.6%, RAO ES Vostok - 2.4%, Mosenergo - 2.4% and Kamaz - 2.1%.
Posting losses were Vozrozhdenie , down 2.6%, O2TV - 1.3%, OGK-4 - 0.9%, Razgulay - 0.9% and Belon - 0.9%.
Total RTS Classic Trading for the day came to $4.61 million, RTS Standard - $367.29 million and MICEX Stock Exchange deals - 32.12 billion rubles.