Russian Stock Market. Daily Review. 1st June, 2005
On Wednesday, trading was low-key on the Russian equity market. Most blue chips eased back on the absence of the any major internal drivers after Tuesday’s landmark verdict in the Khodorkovsky trial. Rising Western indexes did nothing to breathe some life into the stock market.
A moderate negative came from speculation over oil shares on the back of an 8% hike in gas transportation tariffs for Transneft’s pipeline system. However, not all Russian oils receded on this news.
The majority of RTS blue chips ended up in negative territory on Wednesday, within a range varying from -0.3% (Sberbank) to -3.7% (Surgutneftegaz). The RTS Index pulled back 1.08%, landing at 666.13 on average trading volumes amounting to $20.6 mln.
The mood on MICEX was similarly downbeat with most blue chips closing down within a band ranging from -0.1% (Tatneft) to -3.3% (Mosenergo). The advancers included bellwether UES (+0.2%) and Lukoil (+0.5%). The MICEX Index finished at 601.29 (-0.4%) on trade volumes amounting to $560.3 mln.
Gazprom was also moving on a downward track yesterday, losing 0.79% to Rub 80.01 on SPICEX with 5 mln shares changing hands.
Finam
Russian Brokerage Company
http://www.fin-rus.com
On Wednesday, trading was low-key on the Russian equity market. Most blue chips eased back on the absence of the any major internal drivers after Tuesday’s landmark verdict in the Khodorkovsky trial. Rising Western indexes did nothing to breathe some life into the stock market.
A moderate negative came from speculation over oil shares on the back of an 8% hike in gas transportation tariffs for Transneft’s pipeline system. However, not all Russian oils receded on this news.
The majority of RTS blue chips ended up in negative territory on Wednesday, within a range varying from -0.3% (Sberbank) to -3.7% (Surgutneftegaz). The RTS Index pulled back 1.08%, landing at 666.13 on average trading volumes amounting to $20.6 mln.
The mood on MICEX was similarly downbeat with most blue chips closing down within a band ranging from -0.1% (Tatneft) to -3.3% (Mosenergo). The advancers included bellwether UES (+0.2%) and Lukoil (+0.5%). The MICEX Index finished at 601.29 (-0.4%) on trade volumes amounting to $560.3 mln.
Gazprom was also moving on a downward track yesterday, losing 0.79% to Rub 80.01 on SPICEX with 5 mln shares changing hands.
Finam
Russian Brokerage Company
http://www.fin-rus.com