Russia shares lower at close of trade; MOEX Russia Index down 0.66%

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

At the close in Moscow, the MOEX Russia Index declined 0.66%.

The biggest gainers of the session on the MOEX Russia Index were Moskovskiy Kreditnyi Bank PAO (MCX:CBOM), which rose 0.76% or 0.05 points to trade at 6.33 at the close. OK Rusal MKPAO (MCX:RUAL) added 0.13% or 0.05 points to end at 34.42 and Polyus PJSC (MCX:PLZL) was up 0.09% or 11.50 points to 13,524.50 in late trade.

Biggest losers included Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN), which lost 8.19% or 3.63 points to trade at 40.66 in late trade. Severstal PJSC (MCX:CHMF) declined 4.18% or 52.00 points to end at 1,191.20 and Novolipetsk Steel (MCX:NLMK) shed 4.07% or 5.68 points to 133.84.

Declining stocks outnumbered rising ones by 195 to 45 and 14 ended unchanged on the Moscow Stock Exchange.

The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was up 0.26% to 27.08.

In commodities trading, Gold Futures for December delivery was up 0.63% or 17.05 to $2,708.35 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.53% or 0.37 to hit $70.76 a barrel, while the December Brent oil contract fell 0.07% or 0.05 to trade at $74.47 a barrel.

USD/RUB was down 0.02% to 97.39, while EUR/RUB unchanged 0.00% to 105.50.

The US Dollar Index Futures was up 0.18% at 103.59.