Russian stock market makes downward correction for second day straight, RTS holds around 1,600 points
MOSCOW. April 8 (Interfax) - The Russian stock market on Thursday made a downward correction for the second day in a row owing to worries regarding Greece's debt and week stats for western economies. The RTS Index, however, was able to hold around 1,600 points.
Benchmark stocks on the RTS Index dropped by 0.81% to 1,600.84 points (after declining to 1,586.57 points during the day) while the MICEX Stock Exchange declined by 0.13% to 1,476.59 points.
Futures on the RTS Index dropped against the base asset by 24.7 points, indicating a negative mood among speculators.
Decliners on the MICEX for the day were Gazprom , down 0.3%, Gazprom Neft - 0.7%, Lukoil - 1.3%, Sberbank - 1.6%, Surgutneftegas - 1.2%, Tatneft - 0.5% and Polyus Gold - 0.3%.
Posting gains were Transneft , up 2.3%, VTB - 0.4%, MMC Norilsk Nickel - 0.8% and Rosneft - 1.5%.
Posting losses among second tier stocks were Aeroflot , down 3.2%, TGK-1 - 2.6%, RTM - 2.3% and Sollers - 2.2%.