Investing.com – Russia equities were higher at the close on Wednesday, as gains in the Mining, Power and Telecoms sectors propelled shares higher.
At the close in Moscow, the MICEX rose 0.38% to hit a new all time high.
The biggest gainers of the session on the MICEX were Gruppa LSR PAO (MCX:LSRG), which rose 3.39% or 32.0 points to trade at 977.0 at the close. NLMK ao (MCX:NLMK) added 3.26% or 3.81 points to end at 120.51 and United Company Rusal Plc (MCX:RUAL) was up 2.91% or 0.830 points to 29.370 in late trade.
Biggest losers included ALROSA ao (MCX:ALRS), which lost 2.11% or 1.970 points to trade at 91.260 in late trade. GidroOGK-011D (MCX:HYDR) declined 1.69% or 0.0160 points to end at 0.9290 and Verhnesald MPO (MCX:VSMO) shed 1.65% or 230.0 points to 13720.0.
Advancing stocks outnumbered falling ones by 123 to 99 and 21 ended unchanged on the Moscow Stock Exchange.
The Russian VIX, which measures the implied volatility of MICEX options, was up 7.95% to 25.650.
In commodities trading, Gold for February delivery was up 0.73% or 8.55 to $1178.65 a troy ounce. Meanwhile, Crude oil for delivery in January fell 1.51% or 0.77 to hit $50.16 a barrel, while the February Brent oil contract fell 1.08% or 0.58 to trade at $53.35 a barrel.
USD/RUB was down 0.30% to 63.6875, while EUR/RUB rose 0.07% to 68.487.
The US Dollar Index was down 0.22% at 100.29.