Russia stocks lower at close of trade; MOEX Russia Index down 1.21%

After the market closed on Sunday, Russian stocks faced a downward trend, primarily influenced by losses in the Mining, Oil & Gas, and Power sectors. By the time the market closed in Moscow, the MOEX Russia Index had dropped by 1.21%. Among the top gainers of the day, Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) experienced a 2.32% increase, trading at 10.30 by the close.

Polyus PJSC (MCX:PLZL) rose by 1.87%, adding 18.40 points to reach 1,000.40, while PIK SHb PJSC (MCX:PIKK) managed a 0.02% gain, closing at 534.50. On the flip side, OZON (MCX:OZON) saw a 4.54% decline, falling to 2,531.50, while AFK Sistema PJSC (MCX:AFKS) and Rostelekom PJSC (MCX:RTKM) both dropped by 3.91% and 3.47% respectively, ending at 7.38 and 40.11.

The number of stocks that fell outnumbered those that rose on the Moscow Stock Exchange, resulting in a net decrease. The Russian Volatility Index (RVI), which gauges the implied volatility of MOEX Russia Index options, dropped to a 1-month low of 32.10. Gold Futures for December delivery experienced a 0.39% decline, closing at $4,390.00 per troy ounce.

In other commodity markets, Crude oil for October delivery slipped by 2.43%, reaching $99.99 a barrel, while November Brent oil futures fell by 2.94%, trading at $104.47 per barrel. Meanwhile, the USD/RUB currency pair appreciated by 0.64% to 84.48, and EUR/RUB rose marginally by 0.06% to 97.52. The US Dollar Index Futures also saw a slight uptick of 0.04%, settling at 98.84.