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Russia stocks lower at close of trade; MICEX down 2.04%

Published 09/02/2016, 04:45 am
© Reuters.  Russia stocks lower at close of trade; MICEX down 2.04%

Investing.com – Russia stocks were lower after the close on Monday, as losses in the Oil & Gas, Power and Telecoms sectors led shares lower.

At the close in Moscow, the MICEX fell 2.04%.

The best performers of the session on the MICEX were Niznekamskneftekhim ao (MCX:NKNC), which rose 4.53% or 2.100 points to trade at 48.500 at the close. Meanwhile, Polymetal International PLC (MCX:POLY) added 1.91% or 13.00 points to end at 692.00 and Gruppa LSR PAO (MCX:LSRG) was up 1.72% or 10.5 points to 621.0 in late trade.

The worst performers of the session were E.ON Russia (MCX:EONR), which fell 7.00% or 0.1900 points to trade at 2.5250 at the close. Lukoil (MCX:LKOH) declined 4.30% or 111.5 points to end at 2482.5 and Yandex NV (MCX:YNDX) was down 3.62% or 37.00 points to 986.00.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 121 to 86 and 27 ended unchanged.

Shares in Niznekamskneftekhim ao (MCX:NKNC) rose to all time highs; up 4.53% or 2.100 to 48.500. Shares in E.ON Russia (MCX:EONR) fell to 52-week lows; falling 7.00% or 0.1900 to 2.5250. Shares in Polymetal International PLC (MCX:POLY) rose to all time highs; up 1.91% or 13.00 to 692.00.

The Russian VIX, which measures the implied volatility of MICEX options, was up 1.41% to 47.520.

Gold for April delivery was up 3.09% or 35.80 to $1193.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 2.49% or 0.77 to hit $30.12 a barrel, while the April Brent oil contract fell 1.50% or 0.51 to trade at $33.55 a barrel.

USD/RUB was up 1.22% to 78.4329, while EUR/RUB rose 1.75% to 87.588.

The US Dollar Index was down 0.06% at 96.92.

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