Russian stock market posts gains on high oil prices
MOSCOW. June 11 (Interfax) - The Russian stock market posted gains on Thursday owing to increasing oil prices.
Benchmark stocks on the MICEX went up 0.43% to 1,138.52 points while the RTS increased by 0.48% to 1,127.23 points.
The increase in RTS futures came to 3.3 points against the base asset, indicating a neutral mood on the market.
The main decliners for the day were Sberbank , down 2.7% on the MICEX and 1.8% on the RTS and VTB , down 1.4% on the MICEX.
Also posting losses were FCG UES , down 3.4% on the MICEX, Rostelecom - 0.03%, Gazprom Neft - 0.8% and Tatneft - 0.4%.
The main advancers for the day were Gazprom , up 1.3%, Lukoil - 0.2%, Surgutneftegas - 3.3%, MMC Norilsk Nickel - 3.9%, Rosneft - 0.6% and Polyus Gold up 5.6% and 4.6% on the RTS.
Posting gains among second tier stocks on the MICEX were TGK-2 , up 16.7%, Bashkirenergo - 14.2%, TGK-11 - 12.8% and UTair - 11.3%.
Posting losses were RTM, down 6.1%, OGK-1 - 5.2% and OGK-3 - 4.3%.
Total RTS Classic Trading came to $31.4 million, RTS Standard - $177.66 million and MICEX Stock Exchange transactions - 46.5 billion rubles, led by Sberbank with 15.05 billion rubles.