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

Investing.com – Russia stocks were lower after the close on Friday, as losses in the Power , Mining and Telecoms sectors led shares lower.

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

The best performers 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. Meanwhile, 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.

The worst performers of the session were GMK Norilskiy Nikel PAO (MCX:GMKN ), which fell 4.89% or 5.80 points to trade at 113.10 at the close. FGK Rusgidro PAO (MCX:HYDR ) declined 4.64% or 0.03 points to end at 0.55 and Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN ) was down 4.46% or 2.04 points to 43.66.

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

Shares in GMK Norilskiy Nikel PAO (MCX:GMKN ) fell to 5-year lows; losing 4.89% or 5.80 to 113.10. Shares in FGK Rusgidro PAO (MCX:HYDR ) fell to 3-years lows; falling 4.64% or 0.03 to 0.55. Shares in Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN ) fell to 52-week lows; losing 4.46% or 2.04 to 43.66.

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

Gold Futures for December delivery was up 1.27% or 32.00 to $2,548.70 a troy ounce. Elsewhere in commodities trading, 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.

Source: Investing.com