Investing.com – Russia equities were higher at the close on Wednesday, as gains in the Power, Oil & Gas and Mining sectors propelled shares higher.
At the close in Moscow, the MICEX added 2.22% to hit a new 1-month high.
The biggest gainers of the session on the MICEX were Gazprom (MCX:GAZP), which rose 4.52% or 6.30 points to trade at 145.62 at the close. Inter rao ees (MCX:IRAO) added 4.31% or 0.1500 points to end at 3.6300 and GidroOGK-011D (MCX:HYDR) was up 3.53% or 0.0269 points to 0.7898 in late trade.
Biggest losers included Magnit (MCX:MGNT), which lost 2.12% or 209.0 points to trade at 9651.0 in late trade. Niznekamskneftekhim ao (MCX:NKNC) declined 1.18% or 0.900 points to end at 75.400 and MVideo (MCX:MVID) shed 0.73% or 2.40 points to 326.70.
Advancing stocks outnumbered falling ones by 147 to 76 and 21 ended unchanged on the Moscow Stock Exchange.
The Russian VIX, which measures the implied volatility of MICEX options, was up 7.48% to 28.460 a new 1-month high.
In commodities trading, Gold for December delivery was up 0.27% or 3.50 to $1278.00 a troy ounce. Meanwhile, Crude oil for delivery in December rose 1.58% or 0.71 to hit $45.69 a barrel, while the January Brent oil contract rose 1.39% or 0.64 to trade at $46.68 a barrel.
USD/RUB was up 0.08% to 63.8107, while EUR/RUB fell 1.08% to 69.784.
The US Dollar Index was up 0.57% at 98.44.