Investing.com – Russia equities were higher at the close on Wednesday, as gains in the Telecom, Oil and Gas and Manufacturing sectors propelled shares higher.
At the close in Moscow, the MICEX rose 1.27%.
The biggest gainers of the session on the MICEX were SG mechel (MCX:MTLR), which rose 7.32% or 5.32 points to trade at 78.00 at the close. PIK (MCX:PIKK) added 6.03% or 10.30 points to end at 181.00 and Tatneft (pref) (MCX:TATN_p) was up 5.43% or 8.50 points to 165.00 in late trade.
Biggest losers included FSK EES (MCX:FEES), which lost 4.63% or 0.0036 points to trade at 0.0746 in late trade. Gruppa Cherkizovo ao (MCX:GCHE) declined 4.10% or 34.0 points to end at 796.0 and ALROSA ao (MCX:ALRS) shed 3.99% or 3.300 points to 79.500.
Advancing stocks outnumbered falling ones by 104 to 88 and 11 ended unchanged on the Moscow Stock Exchange.
The Russian VIX, which measures the implied volatility of options, was down 3.75% to 44.130.
In commodities trading, Gold for April delivery was up 0.38% or 4.40 to $1152.60 a troy ounce. Meanwhile, Crude Oil for delivery in May fell 1.22% or 0.55 to hit $44.64 a barrel, while the May Brent Oil contract rose 1.39% or 0.74 to trade at $54.26 a barrel.
USD/RUB was down 1.40% to 60.613, while EUR/RUB fell 0.85% to 64.597.
The US Dollar Index was down 0.48% at 99.56.