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

Russia stocks experienced a downward trend after the close of trade on Saturday, despite the MOEX Russia Index holding steady at 0.00%, marking a three-month high. Among the top gainers were Magnit PJSC, which climbed 1.38% or 22.50 points to close at 1,657.50, and United Company Rusal, which gained 1.36% or 0.33 points to finish at 24.54.

TATNEFT also saw a rise of 0.89% or 5.70 points to 649.10. Conversely, NOVATEK declined by 2.14% or 23.70 points to 1,084.30, while T Tekhnologii MKPAO fell 1.33% or 3.60 points to 268.08 and Novolipetsk Steel dropped 1.12% or 0.86 points to 76.16. The Moscow Stock Exchange witnessed more stocks rising than falling, with 126 outperforming and 104 underperforming, while 22 remained unchanged.

TATNEFT n.a. V.D. Shashin Pref reached 52-week highs, trading at 649.10. The Russian Volatility Index (RVI) remained unchanged at 29.97. Meanwhile, gold futures for December delivery increased by 1.52% or 63.30 to $4,220.30 per troy ounce. Crude oil for November delivery rose by 0.19% or 0.17 to $91.66 per barrel, whereas the December Brent oil contract fell by 0.29% or 0.30 to trade at $104.42 per barrel.

The Russian currency, USD/RUB, rose 0.99% to 85.87, and the EUR/RUB climbed 0.03% to 95.33. The US Dollar Index Futures also rose by 0.01% to 102.03.