Russia shares lower at close of trade; MOEX Russia Index down 1.50%

Investing.com – Russia equities were lower at the close on Wednesday, as losses in the Mining, Power and Telecoms sectors propelled shares lower.

At the close in Moscow, the MOEX Russia Index fell 1.50%.

The biggest gainers of the session on the MOEX Russia Index were Surgutneftegas PJSC (MCX:SNGS), which rose 0.98% or 0.25 points to trade at 25.14 at the close. TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p) added 0.97% or 6.20 points to end at 648.40 and TATNEFT n.a. V.D. Shashin (MCX:TATN) was up 0.46% or 3.00 points to 649.60 in late trade.

Biggest losers included Magnit PJSC (MCX:MGNT), which lost 3.67% or 192.50 points to trade at 5,051.50 in late trade. VK Company Ltd (MCX:VKCO) declined 3.36% or 11.80 points to end at 339.00 and Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) shed 3.30% or 0.21 points to 6.24.

Declining stocks outnumbered rising ones by 210 to 37 and 7 ended unchanged on the Moscow Stock Exchange.

The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was down 0.18% to 33.72.

In commodities trading, Gold Futures for December delivery was down 0.38% or 10.20 to $2,680.10 a troy ounce. Meanwhile, Crude oil for delivery in November rose 1.69% or 1.18 to hit $71.01 a barrel, while the December Brent oil contract fell 0.04% or 0.03 to trade at $74.63 a barrel.

USD/RUB was down 0.03% to 95.63, while EUR/RUB rose 0.02% to 105.67.

The US Dollar Index Futures was up 0.45% at 101.39.