Non-residents were anxiously selling off Yukos stock, and the drowning petroleum company ADR came close on 10 per cent down by RTS closing time.
Russian ADR came lower down at the London Stock Exchange today with lax bids and offers.
The Russian slump was in tune with a global, points out Sergei Kosynkin of the Zerich Capital Management.
The Yukos slump somewhat dropped pace, midday, to resume late afternoon. The MICEX finished the day with 13.4 per cent down, and the RTS with a breathtaking 21.69 per cent.
The Yukos slump had an effect on the entire market. A majority of blue chips were 3-4 per cent down, closing time, against yesterday's, says Nikolai Podlevskikh, another Zerich analyst.
The Gasprom made a reverse sensation of the day to reach its ceiling-again with yesterday's news. The Federal Anti-monopoly Service spoiled the show a bit as it accused the concern of trespassing the competition law-the gas mammoth is keeping independent gas exporters at bay.
A Gasprom affiliate may appear at the upcoming auction to sell the Yuganskneftegas, biggest Yukos production branch, Andrei Sharonov assumed yesterday.
Alexei Miller, Gasprom president, came up with another ambitious statement the same day. He expects the company to pocket the Zarubezhneft government oil export company. The government needs a 10.7% Gasprom block, whose cost exceeds the entire Rosneft stock, on preliminary estimations. If that comes true, the Zarubezhneft government block may come over to the Gasprom to settle the matter.
The market was too pessimistic for even the triumphant Gasprom to withstand, so the stock exchange finished the day in bears' big favour, comments Podlevskikh.
The RTS was 4.05% down by 6 p.m., Moscow time, at 641.19, and the MICEX 4.64% down to 605.4. The day brought 281 RTS deals to a lump $24.141 million.
Podlevskikh expects another market slump tomorrow.
The UES came 5.73% up at the RTS and 4.52%, MICEX, the Norilsk Nickel 4.61% and 4.92%, respectively, and the LUKoil 4.44% and 4.05%. The Savings Bank came 4.66% and 3.7% down against yesterday's, the Sibneft 3.4% and 3.19%, and Surgutneftegas 4.94% and 3.68%.
The slump was rather even, and it is hard to highlight any but Yukos, says Maxim Shein of the BrokerCreditService, who expects a consolidation and a rise.
