Russian stock market posts gains, weak U.S. stats restrain growth
MOSCOW. July 27 (Interfax) - The Russian stock market on Tuesday posted gains following European indexes and American futures. After this, weak U.S. stats led to a wave of profit-taking.
Benchmark stocks on the MICEX Stock Exchange went up by 0.33% to 1,401.56 points after hitting a daily high of 1,414 points and the RTS Index - up 0.93% to 1481.32 points, after a maximum of 1,492.2 points.
Futures on the RTS Index slipped by 0.3 points against the base asset, indicating a neutral mood among investors.
Advancers for the day on the MICEX were VTB , up 2%, Gazprom - 1.3%, Gazprom Neft - 0.8%, Rosneft - 1.1%, Sberbank - 0.5%, Tatneft - 0.5%, Surgutneftegas - 0.6% and Rostelecom , up 5.7% to 112.48 rubles per share.
Decliners for the day were Polyus Gold , down 1.3%, MMC Norilsk Nickel - 1.1% and Lukoil - 0.3%
Posting gains among second tier stocks on the MICEX Stock Exchange were Belon, up 7.1%, Mosenergosbyt - 7% and Severstal - 2.5%.
Posting losses were Seventh Continent , down 4%, RTM - 2.9%, TGK-9 - 2.3%, OGK-3 - 2.1% and IDGC Center and Volga - 1.9%.
Total RTS Classic Trading for the day came to $5.59 million, RTS Standard deals - $561.7 million and MICEX Stock Exchange transactions - over 51.926 billion rubles.