Russian stock market closes week on major note, MICEX Index reaches 1,370 points
MOSCOW. June 18 (Interfax) - Russia's stock market ended the week on a major note as the MICEX increase toward 1,370 points thanks to renewed purchases following a dip during the day in light of decreasing oil prices.
Benchmark stocks on the MICEX went up by 0.85% to 1367.71 points while the RTS Index increased by 0.63% to 1,409.43 points.
Futures on the RTS Index dropped by 6.1 points against the base asset, indicating a neutral mood among investors.
The MICEX Stock Exchange has gained 2.4% for the week while the RTS Index has gone up by 3.9%.
Posting gains the MICEX for Friday were shares in VTB , up 1.9%, Gazprom - 1.8%, Gazprom Neft - 2.9%, Polyus Gold - 0.5%, Rosneft - 0.8%, Rostelecom - 0.1%, Sberbank - 2.3%, Surgutneftegas - 0.7% and Tatneft - 0.8%.
Posting losses were MMC Norilsk Nickel , down 0.6% and Lukoil - 0.6%.
Posting gains among second tier stocks on the MICEX were TGK-2 , up 7%, FGC UES - 4.4%, RusHydro - 3.8%, North-West Telecom - 2.3% and TGK-0 - 2.2%
Posting losses were TGK-1 , down 5.8%, VSMPO-Avisma - 3.5%, Mosenergo - 2.2% and OGK- 4 - 2.1%.
Total RTS Classic Trading for the day came to $8.225 million, RTS Standard - $416.09 million and MICEX turnover - 50.5 billion rubles.