Russian stock market makes downward correction despite decent U.S. stats
MOSCOW. Oct 15 (Interfax) - The Russian stock market made a downward correction on Thursday despite generally positive statistics from the U.S. Instead, market players preferred to take profit on the overheated market as their expectations for a further rally were diminished.
Benchmark stocks on the MICEX Stock Exchange went down by 1.56% to 1,341.64 points as the RTS Index decreased by 0.48% to 1,424.35 points.
The drop in RTS futures came to minus 11 points against the base asset, indicating a moderate negative mood among investors.
The advancers of the day were Rosneft , up 0.3% on the MICEX Stock Exchange, Tatneft - 1.9% and Gazprom Neft , which despite declined by 1% was able to hit around 190 rubles per share, its highest posting since June 16, 2008.
Decliners for the day were Gazprom , down 2.2%, VTB - 3.9%, Lukoil - 0.7%, MMC Norilsk Nickel - 1.5%, Surgutneftegas - 0.8%, Sberbank - 4.1% and Polyus Gold - 1.3%.
Posting gains among second stocks on the MICEX were OGK-6 , up 7.9%, MRSK Holding - 5% Raspadskaya - 3.5% and Novolipetsk Metallurgical Combine (NLMK) - 3.3%.
Posting losses were the PIK Group of Companies , down 6%, OGK-4 - 5.4%, RTM - 4% and RusHydro - 5%.
Total Classic RTS Trading for the day came to $13.38 million, RTS Standard - $625.32 million and MICEX Stock Exchange deals - 91.167 billion rubles, led by Gazprom with 31.1 billion rubles in transactions.