Russian stock market posts losses at week
MOSCOW. April 16 (Interfax) - The Russian stock market posted losses on Friday as the MICEX Stock Exchange slipped below 1,500 points owing to profit taking and negative rends on world markets following weak U.S. stats.
Benchmark stocks on the MICEX fell by 2.34% to 1,495.08 points and RTS Index - down 2.01% to 1,642.57 points.
Futures on the RTS Index dropped against the base asset by 22.2 points, indicating a negative mood among investors.
The RTS Index went up by 0.66% for the week while the MICEX Stock Exchange went down by 0.12%.
Decliners for the day on the MICEX were VTB , down 1.5%, Gazprom - 2.8%, Gazprom Neft - 3.4%, MMC Norilsk Nickel - 2.9%, Lukoil - 2%, Polyus Gold - 1.2%, Rosneft - 2%, Rostelecom - 1.1%, Sberbank - 2.6%, Surgutneftegas - 1.9% and Tatneft - 1.1%.
Posting losses on the MICEX on Friday were Magnitogorsk Steel and Iron Works , down 6%, TGK-14 - 5.8%, TGK-9 - 5.6%, TGK-13 - 4.9%, OGK-6 - 4.7%, Sistema - 4.5%, IDGC North Cacausus - 4.4% and Mechel - 4.4%.
Posting gains were RBC Information Systems , up 2.7% and Inter RAO UES - 0.8%.
Total RTS Classic Trading came to $8.233 million, RTS Standard - $439.3 million and MICEX Stock Exchange deals - 50.564 billion rubles.