Russia stocks lower at close of trade; MOEX Russia Index unchanged

Russian stocks experienced a decline after trading closed on Sunday, with the MOEX Russia Index remaining unchanged at 0.00%. LUKOIL PJSC was the top performer of the day, surging 2.10% or 114.00 points to reach 5,541.50. Federal Hydro Generating Company RusHydro PJSC and TATNEFT n.a. V.D. Shashin Pref also showed positive gains of 0.83% and 0.80%, respectively.

On the other hand, PIK SHb PJSC, Magnitogorskiy Metallurgicheskiy Kombinat, and GMK Noril’skiy Nikel’ were among the worst performers, with declines of 0.57%, 0.48%, and 0.40%, respectively. The Moscow Stock Exchange saw 139 stocks rise to 89 that fell, with 20 remaining unchanged. The Russian Volatility Index, which gauges the implied volatility of MOEX Russia Index options, stayed flat at 0.00%, marking a three-month low.

Meanwhile, gold futures for December delivery experienced a decline of 0.72% or 30.20 to $4,172.10 per troy ounce, while Crude oil for November delivery dropped 1.73% or 1.61 to $91.26 per barrel. The December Brent oil contract, however, increased by 0.46% or 0.47 to $102.72 per barrel. The USD/RUB exchange rate rose by 0.79% to 84.16, and the EUR/RUB climbed 0.45% to 94.29. Finally, the US Dollar Index Futures decreased by 0.02% to 101.70.