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Russian MICEX falls 2.92% to end 1-month low

Russian MICEX falls 2.92% to end 1-month low

MOSCOW: Russia stocks were lower after the close on Friday, as losses in the Oil & Gas, Mining and Telecoms sectors led shares lower.

At the close in Moscow, the MICEX fell 2.92% to hit a new 1-month low.

The best performers of the session on the MICEX were SG mechel (MCX:MTLR), which rose 3.33% or 2.10 points to trade at 65.25 at the close. Meanwhile, GidroOGK-011D (MCX:HYDR) added 2.33% or 0.0134 points to end at 0.5873 and DIXY Group ao (MCX:DIXY) was up 2.04% or 7.50 points to 376.00 in late trade.

The worst performers of the session were Uralkaliy (MCX:URKA), which fell 10.34% or 16.20 points to trade at 140.40 at the close. ALROSA ao (MCX:ALRS) declined 7.99% or 5.490 points to end at 63.250 and Tatneft-3 (MCX:TATN) was down 6.85% or 20.60 points to 280.20.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 105 to 75 and 7 ended unchanged.

The Russian VIX, which measures the implied volatility of MICEX options, was down 1.60% to 36.230.

Gold for August delivery was up 0.06% or 0.70 to $1189.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 3.88% or 2.24 to hit $59.92 a barrel, while the July Brent oil contract rose 3.99% or 2.50 to trade at $65.08 a barrel.

USD/RUB was down 0.20% to 52.469, while EUR/RUB fell 0.39% to 57.644.

The US Dollar Index was down 0.12% at 97.01.