Russian stock market posts gains led by Lukoil, Norilsk Nickel stock declines
MOSCOW. Feb 7 (Interfax) - The Russian stock market, which posted losses during the first half of trading owing to declining oil prices, was able to close Monday with gains owing to positive external market trends. The main advancer for the day was Lukoil .
Benchmark stocks on the MICEX went up by 0.04% to 1,767.31 points while the RTS Index increased by 0.34% to 1,935.15 points.
Shares in MMC Norilsk Nickel declined by 0.9% to 7,381 rubles on the MICEX and 4.3% to $246 per share after the company's subsidiary, Corbiere Holdings Limited, halted its acquisition of MMC shares as part of a buyback offer owing to a court injunction (following an application filed by United Company Rusal PLC and OOO UC RusAl Investment Management).
Decliners for the day on the MICEX were VTB , down 1%, Surgutneftegas - 0.7% and Transneft - 0.3%.
Advancers for the day were Gazprom , up 0.1%, Gazprom Neft - 0.4%, Lukoil - 0.6%, Polyus Gold - 0.5%, Rosneft - 0.1%, Rostelecom - 0.3%, Sberbank - 0.4% and Tatneft - 1.1%
Posting gains among second tier stocks on the MICEX were Razgulyai , up 7.7% and OJSC Pava - 25.2%
Also posting gains were Sollers , up 3.3%, Seventh Continent - 2.3%, Sibirtelecom - 2.2% and Pharmacy Chain 36.6 - 1.7%.
Posting losses were Acron, down 3.5%, RBC Information Systems - 2.5%, Magnit - 1.9%, OGK-6 - 1.9%, Severstal - 1.8%, Irkutskenergo - 1.7% and the PIK Group of Companies - 1.4%.
Total RTS Classic Trading for the day came to $7.1 million, RTS Standard Deals - $395 million and MICEX Stock Exchange turnover - over 52.222 billion rubles.
