Russian stock market opens week with growth, MICEX tops 1,110 points
MOSCOW. Sept 7 (Interfax) - The Russian stock market opened the week on Monday with growth as the MICEX Stock Exchange went up to 1,110 points following positive world market signs. The leading advancer for the day was VTB following new of the bank group's successful additional share issue at a price higher than market.
Benchmark stock on the MICEX climbed by 2.43% to 1,111.92 points while the RTS Index increased by 2.77% to 1,093.04 points.
The drop in RTS futures came to 7.4 points against the base asset, indicating a negative mood among market players.
VTB's shares on the MICEX soared by 9.4% to 4.56 kopecks per security. On Monday it was reported that the bank placed an additional issue worth 180.34 billion rubles at a price of 4.82 kopecks per share.
Other advancers for the day included Gazprom , up 2.8% on the MICEX, Lukoil - 1.1%, MMC Norilsk Nickel - 2.6%, Surgutneftegas - 0.5%, Rosneft - 2.6%, Tatneft - 2.4%, Polyus Gold - 1.6% and Gazprom Neft - 4.3%.
Sberbank's common shares went up 4.1% to 55.3 rubles on the MICEX while the bank's prefs increased by 6.6% to 32.48 rubles. On the RTS Index, Sberbank's common shares increased by 3.2%.
Posting gains among second tier stocks on Monday were Sollers , up 7.7%, Rostelecom - 7.4% on prefs, RBC Information Systems - 7.4%, Acron - 5.5%, North-West Telecom - 5% on prefs and Kamaz - 5%.
Posting losses were Vozrozhdenie Bank , down 2.1%, Magnit - 2%, OGK-2 - 1.4% and TGK-6 - 0.9%.
Total RTS Classic Trading topped $6.7 million, RTS Standard - $182.09 million and MICEX Stock Exchange deals - 48.4 billion rubles, led by Sberbank common shares at 20.342 billion rubles in transactions.