Russian stock market posts gains following world exchanges
MOSCOW. July 13 (Interfax) - The Russian stock market posted gains on Monday following world markets and on expectations that U.S. banks will post decent results for the second quarter. In addition, oil prices made an upward correction, which helped bolster the RTS and MICEX Stock Exchange.
Blue chips on the MICEX went up by 1.13% to 881.15 (despite falling below 850 points in morning trades) while the RTS Index edged up by 0.05% to 835.61 points.
The drop in RTS futures came to 12.4 points, indicating a negative mood among investors.
The advancers on the MICEX Stock Exchange were Sberbank , up 4.5% for common shares and 4.4% for prefs, Surgutneftegas - 4.5% and Lukoil - 3.1%.
Posting gains were Gazprom , up 0.1%, VTB - 1.3%, Gazprom Neft - 1%, Tatneft - 1% and Polyus Gold - 1.2%.
Posting losses were MMC Norilsk Nickel , down 1.7%, Rosneft - 0.7% and Transneft - 1.8%.
Posting gains among second tier stocks on Monday were OGK-2 , up 8.9%, OGK-4 - 5.4%, Irkutskenergo - 4.5% and OGK-1 - 4.4%.
Posting losses were Razgulay - 5.2%, Yakutskenergo - 3.8%, Sibirtelecom - 3.5% and VolgaTelecom - 2.8%.
Total RTS Classic Trading came to $16.06 million for the day, RTS Standard - $353.292 million rubles and MICEX Stock Exchange transactions - 58.2 billion rubles.