Russia shares lower at close of trade; MOEX Russia down 2.32%

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

At the close in Moscow, the MOEX Russia fell 2.32% to hit a new 52-week low.

The biggest gainers of the session on the MOEX Russia were OK Rusal MKPAO (MCX:RUAL), which rose 4.53% or 1.43 points to trade at 33.13 at the close. VK Company Ltd DRC (MCX:VKCO) added 2.02% or 7.40 points to end at 373.40 and ALROSA ao (MCX:ALRS) was up 1.81% or 0.96 points to 53.86 in late trade.

Biggest losers included GMK Norilskiy Nikel PAO (MCX:GMKN), which lost 4.89% or 5.80 points to trade at 113.10 in late trade. FGK Rusgidro PAO (MCX:HYDR) declined 4.64% or 0.03 points to end at 0.55 and Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) shed 4.46% or 2.04 points to 43.66.

Declining stocks outnumbered rising ones by 225 to 26 and 2 ended unchanged on the Moscow Stock Exchange.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was down 0.18% to 38.50 a new 52-week high.

In commodities trading, Gold Futures for December delivery was up 1.27% or 32.00 to $2,548.70 a troy ounce. Meanwhile, Crude oil for delivery in October rose 2.67% or 1.95 to hit $74.96 a barrel, while the October Brent oil contract rose 2.41% or 1.86 to trade at $79.08 a barrel.

USD/RUB was up 0.02% to 91.50, while EUR/RUB rose 0.73% to 102.41.

The US Dollar Index Futures was down 0.82% at 100.57.