Russia stocks higher at close of trade; MICEX up 0.16%

Russia stocks higher

Russia stocks were higher after the close on Thursday, as gains in the Power, Mining and Telecoms sectors led shares higher.

At the close in Moscow, the MICEX gained 0.16%.

The best performers of the session on the MICEX were Magnit, which rose 3.59% or 312.0 points to trade at 9012.0 at the close. Meanwhile, Inter rao ees added 3.02% or 0.0740 points to end at 2.5240 and Polymetal International PLC was up 2.68% or 23.00 points to 881.50 in late trade.

The worst performers of the session were MVideo, which fell 7.68% or 25.10 points to trade at 301.70 at the close. Uralkaliy declined 2.05% or 3.65 points to end at 174.80 and AK Transneft OAO Pref was down 1.71% or 2900 points to 166500.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 114 to 95 and 36 ended unchanged.

Shares in Polymetal International PLC  rose to all time highs; rising 2.68% or 23.00 to 881.50.

The Russian VIX, which measures the implied volatility of MICEX options, was down 1.17% to 33.780.

Gold for August delivery was down 0.58% or 7.75 to $1319.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 2.19% or 1.09 to hit $48.79 a barrel, while the September Brent oil contract fell 2.32% or 1.19 to trade at $50.13 a barrel.

USD/RUB was up 0.17% to 63.9347, while EUR/RUB fell 0.20% to 70.741.

The US Dollar Index was up 0.55% at 96.22.
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