16 May 2011 11:04

MICEX share-trading begins with index dipping 1.3%

MOSCOW. May 16 (Interfax) - The MICEX Stock Exchange opened for business Monday with blue chip share prices slipping and the MICEX index losing 1.28% to 1611.35 points in the first minute of trading.

By 10:31 a.m. Moscow time, the RTS index was down 1.29% at 1842.31 points and prices for most benchmark shares had slumped 0.7% to 2%.

Surgutneftegas ordinary shares were down 2.4% at 26.06 rubles, company prefs 9.4% at 14.13 rubles. Polymetal had lost 2%, Gazprom Neft was down 1.5%, Rostelecom 1.5%, Tatneft 1.4%, Lukoil 1.4%, VTB 1.3%, Rosneft 1.2%, Gazprom 1.2%, Norilsk Nickel 1.1%, and Sberbank of Russia 1.1%.