RTS Stock Market Statistics for October 24
OREANDA-NEWS.Throughout Wednesday, October 23, Russian stock market drifted over negative zone: oil prices were shifting feet whilst waiting for US fuel reserves statistics, which obviously could not support oil & gas shares, making them sag down by 1%. Gazprom (-0.87%), LUKOIL (-0.58%), Surgutneftegas (-0.83%). General correction also brought down shares of Sberbank (-1.28%). Shares of Mechel struggled against market, probably still using its 1H report. Among other successful metallurgy companies were Norilsk Nickel (+0.81%) and Polyus Gold (+0.9%), though shares of latter rose by expectations on purchase of company's portfolio by ALROSA. Uralkaly's SPO brought shares continue its growth through other less liquid shares (+3.4%). At the end of trades RTS lost 0.17%, closing at 2123.36 points. Turnover rate dropped to 43.4 mn USD. Though primary trading occurred over shares of UES (14.7 mn USD) and Sberbank (12.3 mn USD). Other turnovers were low and seldom exceeded 1 mn USD. External factors and internal need of correction open doors for deeper fall of RTS, reckon Veles Capital's analysts.
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