Russian stock market makes downward correction following Eurozone and U.S. markets
MOSCOW. July 14 (Interfax) - The Russian stock market made a downward correction on Wednesday following trends on U.S. and European markets. In addition, market players took profit following market growth that had been posted since the end of last week.
Benchmark stocks went down by 0.68% to 1,358.6 points on the MICEX Stock Exchange and increased by 0.18% to 1,412.14 points.
Futures on the RTS Index dropped against the base asset by 4.5 points, indicating a slightly negative mood among investors.
Decliners for the day on the MICEX were VTB , down 0.3%, Gazprom - 0.6%, Gazprom Neft - 1.7%, MMC Norilsk Nickel - 0.7%, Lukoil - 1.6%, Rosneft - 1%, Rostelecom - 1.1% and Sberbank - 0.5%.
Advancers for the day were Polyus Gold , up 1.8% owing to rising gold prices, Surgutneftegas - 0.89% and Tatneft - 0.6%.
Posting losses on the MICEX Stock Exchange on Wednesday were TGK-9 , down 2.2%, Razgulay - 2.2%, Belon - 2%, Pharmacy Chain 36.6 - 1.9% and Transneft - 1.8%.
Posting gains were North-West Telecom , up 1.4%, Vozrozhdenie Bank - 1.3%, TGK-2 - 1.3% and Magnit - 1.2%.
Total RTS Classic Trading for the day came to $21.17 million, RTS Standard deals - $568.9 million and MICEX Stock Exchange transactions - over 43.995 billion rubles.