MOSCOW: Russia stocks were lower after the close on Tuesday, as losses in the Power, Oil & Gas and Telecoms sectors led shares lower. At the close in Moscow, the MICEX declined 0.75%. The best performers of the session on the MICEX were Bashneft ANK ao (MCX:BANE), which rose 9.83% or 362.5 points to trade at 4051.0 at the close. Meanwhile, MMK (MCX:MAGN) added 3.54% or 1.345 points to end at 39.345 and United Company Rusal Plc (MCX:RUAL) was up 3.34% or 1.160 points to 35.860 in late trade. The worst performers of the session were Tatneft-3 (MCX:TATN), which fell 3.40% or 14.30 points to trade at 406.70 at the close. AK Transneft OAO Pref (MCX:TRNF_p) declined 3.06% or 6450 points to end at 204250 and AFK Sistema (MCX:AFKS) was down 2.03% or 0.495 points to 23.905.
Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 123 to 93 and 19 ended unchanged. Shares in Bashneft ANK ao (MCX:BANE) rose to all time highs; up 9.83% or 362.5 to 4051.0. Shares in MMK (MCX:MAGN) rose to all time highs; rising 3.54% or 1.345 to 39.345. Shares in United Company Rusal Plc (MCX:RUAL) rose to 52-week highs; rising 3.34% or 1.160 to 35.860. The Russian VIX, which measures the implied volatility of MICEX options, was up 2.50% to 24.160. Gold Futures for April delivery was up 1.57% or 18.75 to $1214.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.39% or 0.73 to hit $53.36 a barrel, while the April Brent oil contract rose 1.59% or 0.88 to trade at $56.20 a barrel. USD/RUB was up 0.30% to 60.1107, while EUR/RUB rose 1.29% to 64.906. The US Dollar Index Futures was down 0.89% at 99.53.
