Russia's stock market closed in the red on Thursday, pressured by weakness in the Mining, Oil & Gas and Manufacturing sectors. At the Moscow close, the MOEX Russia Index was down 0.24%.
Among the best performers on the index, Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) led gains, jumping 13.95% or 0.90 points to finish at 7.33. AFK Sistema PJSC (MCX:AFKS) added 2.72% or 0.31 points to end the session at 11.58, while Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR) climbed 2.27% or 0.01 points to 0.39.
On the downside, Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) was the weakest large-cap, sliding 3.17% or 0.76 points to close at 23.19. AK ALROSA PJSC (MCX:ALRS) fell 2.81% or 0.74 points to 25.58, and Novolipetsk Steel (MCX:NLMK) lost 2.77% or 2.28 points to finish at 79.90.
Declining issues outpaced advancing ones on the Moscow Stock Exchange by 161 to 78, with 10 stocks unchanged at the close.
Several of the session's losers reached multi-year lows. Shares of Magnitogorskiy Metallurgicheskiy Kombinat fell to three-year lows after dropping 3.17% to 23.19. AK ALROSA's shares slipped to five-year lows, down 2.81% to 25.58, and Novolipetsk Steel retreated to three-year lows with a 2.77% fall to 79.90.
The Russian Volatility Index - RVI, which measures the implied volatility of MOEX Russia Index options, rose 1.62% to 22.64.
Commodities traded with mixed moves on the day. Gold futures for August delivery gained 1.02% or 45.50 to settle at $4,527.00 a troy ounce. In crude markets, July delivery fell 0.17% or 0.15 to $88.53 a barrel, while the August Brent contract inched higher by 0.23% or 0.21 to $92.44 a barrel.
Currency pairs tied to the ruble were stable at the close: USD/RUB was unchanged at 71.11 and EUR/RUB was unchanged at 82.83. Meanwhile, the US Dollar Index Futures eased 0.20% to 98.96.
Thursday's session was characterized by broad selling pressure across resource and industrial names, offset only by select gains among a few financial and utility stocks. Market breadth and several stocks hitting multi-year lows underscore the uneven nature of the session.