Russian stock market falls amid bad news from Uralkali

The Russian stock market kicked off the week on a decline, led by Uralkali (RTS: URKA) shares, which nosedived on the news that the company's CEO had been arrested

The Russian stock market kicked off the week on a decline, led by Uralkali (RTS: URKA) shares, which nosedived on the news that the company's CEO had been arrested.

By Monday evening, the MICEX stock index had fallen 0.4 percent to 1387.06 points, and the RTS index had decreased 0.5 percent to 1324.48 points.

The majority of benchmark stocks on the Moscow Exchange (RTS: MOEX) fell by up to 1.6 percent, led by Uralkali (-3.4 percent) and followed by Gazprom Neft (RTS: SIBN) (-2 percent).

Monday's winners were VTB (RTS: VTBR) (+0.2 percent), Novatek (RTS: NVTK) (+0.4 percent), and Rosneft (RTS: ROSN) (+0.1 percent).

On the second tier, the losers were TMK (RTS: TRMK) (-2.8 percent), IDGC North Caucasus (RTS: MRKK) (-1.9 percent), IDGC Center and Volga (RTS: MRKP) (-1.8 percent), and Sollers (RTS: SVAV) (-1.7 percent).

Winners included Mechel (RTS: MTLR) (+2.9 percent), TGK-14 (RTS: TGKN) (+1.3 percent), MTS (RTS: MTSS) (+1.1 percent), Kamaz (RTS: KMAZ) (+0.8 percent), and VSMPO-Avisma (RTS: VSMO) (+0.5 percent).

Combined trading volume on the main Moscow Exchange market for the day came to 12.065 billion rubles ($365 million), 3.552 billion ($107.5 million) of which in ordinary Sberbank of Russia (RTS: SBER) shares. In the Standard sector it totaled $6.912 million, and in the Classica sector - $12,300.

All rights reserved by Rossiyskaya Gazeta.

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