Russia stock market drops following world markets
MOSCOW. Nov 24 (Interfax) - The Russian stock market posted losses on Tuesday as the MICEX went down to around 1,330 points following negative trends on world oil prices. Pessimism was pushed ahead by a review of U.S. GDP results for the third quarter.
Benchmark stocks on the MICEX fell by 1.77% to 1,331.12 points while the RTS Index went down by 1.33% to 1,447.23 points.
The minus in RTS futures came to 13.7 points, indicating generally negative mood among investors.
Decliners for the were Gazprom , down 1.8% on the MICEX, Lukoil - 2.5%, MMC Norilsk Nickel - 3.4%, Rosneft - 1.4%, Surgutneftegas - 1%, Tatneft - 2.3% and Polyus Gold - 2.7%.
The advancers for the day were Sberbank , down 0.6%, VTB - 0% and Gazprom Neft - 1.1%
Posting losses on the second tier market were RusHydro , down 4.9%, Mosenergosbyt - 4.1% and TGK-9 - 3%.
Total Classic RTS Trading for the day came to $6.974 million, RTS Standard - $369.85 million and MICEX Stock Exchange deals - over 55.368 billion rubles, led by common shares in Sberbank with 19.254 billion rubles in transactions.