Micex Declines Led by Russian Energy Shares as Inter RAO Slumps
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The Micex Index retreated to a two-week low as OAO Lukoil traded without the right to its dividend payment and OAO Inter RAO UES slid the most since April.
The gauge lost 1.1 percent to 1,483.41 by the close in Moscow, the lowest since July 1. Lukoil, the nation’s second-biggest oil producer, fell 4.2 percent before adjusting for the payout and 1.4 percent after. Inter RAO slumped 3.9 percent after saying on July 11 OAO Vnesheconombank will exercise a put option the power company can’t pay for without state aid.