Russia stocks lower at close of trade; MOEX Russia Index down 2.80%

Investing.com – Russia stocks were lower after the close on Saturday, as losses in the Mining, Oil & Gas and Telecoms sectors led shares lower.

At the close in Moscow, the MOEX Russia Index fell 2.80%.

The best performers of the session on the MOEX Russia Index were PIK SHb PJSC (MCX:PIKK), which rose 1.43% or 6.30 points to trade at 448.30 at the close. Meanwhile, Polyus PJSC (MCX:PLZL) added 1.03% or 17.60 points to end at 1,719.40 and ROSSETI PJSC (MCX:FEES) was unchanged 0.94% or 0.00 points to 0.07 in late trade.

The worst performers of the session were ADS Ozon Holdings PLC ORD SHS (MCX:OZONDR), which fell 5.59% or 209.50 points to trade at 3,540.00 at the close. TATNEFT n.a. V.D. Shashin (MCX:TATN) declined 0.03% or 0.20 points to end at 698.70 and Bank VTB PJSC (MCX:VTBR) was down 0.01% or 0.01 points to 96.59.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 86 to 13.

The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was up 0.72% to 47.52.

Gold Futures for June delivery was up 0.66% or 21.30 to $3,257.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.60% or 0.95 to hit $58.29 a barrel, while the July Brent oil contract fell 1.35% or 0.84 to trade at $61.29 a barrel.

USD/RUB was up 0.91% to 82.75, while EUR/RUB rose 0.94% to 93.47.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

The US Dollar Index Futures was down 0.21% at 99.84.

FEES: A Bull or Bear Market Play?

Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks – 6 model portfolios fueled by AI stock picks with a stellar performance this year..In 2024 alone, ProPicks' AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies.So if FEES is on your watchlist, it could be very wise to know whether or not it made the ProPicks lists.

Unlock ProPicks now