Market close
Russia's stock market finished the trading session lower on Thursday, pushed down by weakness in the Mining, Power and Telecoms sectors. At the close in Moscow the MOEX Russia Index fell 1.55%.
Top and bottom movers
The best performers on the MOEX Russia Index included Rostelekom PJSC (MCX:RTKM), which rose 1.04% or 0.68 points to trade at 66.11 at the close. VK Company Ltd (MCX:VKCO) gained 0.94% or 2.90 points to finish at 312.50, while PIK SHb PJSC (MCX:PIKK) was up 0.15% or 0.70 points to 468.10 in late trade.
On the downside, MMC NORILSK NICKEL PJSC (MCX:GMKN) led losses, falling 3.20% or 5.10 points to trade at 153.00 at the close. Polyus PJSC (MCX:PLZL) declined 2.74% or 73.20 points to end at 2,601.60, and AFK Sistema PJSC (MCX:AFKS) was down 2.46% or 0.34 points to 13.27.
Breadth and volatility
Decliners outnumbered advancers on the Moscow Stock Exchange by 194 to 49, with 10 stocks ending unchanged. The Russian Volatility Index - RVI, which measures the implied volatility of MOEX Russia Index options, eased 1.70% to 27.14.
Commodities and energy
Precious metals and oil contracts were lower in the session. Gold Futures for April delivery fell 2.51% or 124.24 to $4,826.56 a troy ounce. In energy markets, crude oil for delivery in March lost 3.09% or 2.01 to hit $63.13 a barrel, while the April Brent oil contract slipped 2.99% or 2.08 to trade at $67.38 a barrel.
Foreign exchange and benchmark moves
FX rates showed mixed movement at the close. USD/RUB was unchanged at 76.75, while EUR/RUB fell 0.19% to 90.44. The US Dollar Index Futures was up 0.35% at 97.84.
Promotional note included in session commentary
Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI. Year to date, 2 out of 3 global portfolios are beating their benchmark indexes, with 88% in the green. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Which stock will be the next to soar? Pick Stocks with AI