Russian stock market posts gains on Thurs spearheaded by Transneft shares
MOSCOW. July 29 (Interfax) - The Russia stock market went up on Thursday following gains on world exchanges and oil prices while the euro increased against the U.S. dollar. The main advancer for the day was Transneft .
Benchmark stocks on the RTS Index went up 1.95% to 1,503.68 (after hitting a session maximum of 1,510,37 points) and 1.68% on the MICEX to 1,418.35 points.
Futures on the RTS Index dropped by 3.7 points against the base assets, indicating a neutral mood among investors.
The market leader for the day were prefs in Transneft, soaring 10.9% following a good financial report (according to Russian standards) for the first half of 2010 and news that the state had reduced the stake of sellable shares in the company from 27.1% to 3%.
Other advancers on the MICEX Stock Exchange were VTB , up 1.5%, Gazprom - 2.3%, Gazprom Neft - 3.4%, MMC Norilsk Nickel - 1.7%, Lukoil - 0.5%, Rosneft - 1.7%, Sberbank - 2.7%, Surgutneftegas - 1.8% and Tatneft - 1.7%
Posting gains on the MICEX Stock Exchange were IDGC Holding, up 5.7%, Inter RAO UES - 5.4%, TGK-1 - 3.8% and TGK-13 - 2.5%.
Posting losses were Diod, down 2.1%, PIK Group of Companies - 1.8%, Seventh Continent - 1.2% and Uralsvyazinform - 0.9%
Total RTS Classic Trading for the day came to $12.939 million, RTS Standard deal - $339.7 million and MICEX Stock Exchange transaction - over 46.535 billion rubles.