Russia's RTS stock index dropped 7.8% to 1,657.77 as falling oil prices hit the heavily represented energy sector. MICEX index sank 5.5% today to 1499,8.

      

Russian stock market closed with slumping of prices for many companies. The market data proves it.

      

Russia's RTS stock index lost almost 8% and slumped to 1,657.77. MICEX index fell by 5.5% and lowered the psychological mark of 1500 points. By the end of trades it was 1499,8.

      

The biggest sale was fixed in Rostelekom securities (-10,01%) and Raspadskaya (-12,07%). Sberbank shares fell by 6.35%, Rosneft by 5.41%.

      

The only liquid shares were Polus Gold.

      

The Russian stock market fall followed Standard & Poor’s late Friday cut its rating on the U.S. to AA-plus from AAA, and negative outlook.

      

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Author: Irina Fomina

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