10 Mar 2011 10:56

MICEX trading opens with price slippage, index down 0.6%

MOSCOW. March 10 (Interfax) - Russia's MICEX Stock Exchange opened for business on Thursday with blue-chip prices dipping as world markets reacted to the unrest in Libya and consequent rising oil prices, as the MICEX index slipped 0.57% to 1769.1 points in the first minute of trading.

By 10:31 a.m. Moscow time, the RTS index was down 0.6% at 2000.16 points and price-movement for most benchmark shares was downward within 1%.

VTB was down 1% on the MICEX, Gazprom had lose 0.5%, Gazprom Neft 0.6%, Norilsk Nickel 0.9%, Lukoil 0.2%, Polyus Gold 0.4%, Rosneft 0.3%, Rostelecom 0.2%, Sberbank of Russia 0.8%, Surgutneftegas 0.6%, and Tatneft 0.5%