Russia stocks higher at close of trade; MOEX Russia Index up 1.70%
Russia stocks rose after the close of trade on Friday, with the Mining, Power and Oil & Gas sectors driving share prices higher. The MOEX Russia Index increased 1.70% to reach a three-month high, closing at 1,074.81 points. Polyus PJSC led the gains, surging 6.44% to trade at 1,164.00, while NOVATEK PJSC added 4.58% to end at 1,128.00, and PhosAgro PJSC rose 3.96% to 5,667.00.
The worst performers were PIK SHb PJSC, which stayed flat at 544.00, Surgutneftegas Pref at 40.88, and Transneft PJSC Pref at 1,056.00. The Russian Volatility Index (RVI) fell to a three-month low of 28.67, while Gold Futures for December delivery increased 0.40% to $4,186.70 per troy ounce. Crude oil for November delivery climbed 3.95% to $101.84 per barrel, while the December Brent oil contract fell 0.15% to $109.69 per barrel.
USD/RUB decreased 0.96% to 83.08, and EUR/RUB fell 0.80% to 93.35. The US Dollar Index Futures decreased by 0.06% to 101.60.
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