Precise Investors Editorial Team
Crude oil for delivery in May dropped 1.15% or 1.06 to hit $91.29 a barrel, while the June Brent oil contract declined 0.03% or 0.03 to trade at $97.96 a barrel
Russia equities were higher at the close on Wednesday, as gains in the MOEX Electric Utilities, MOEX Metals and Mining and MICEX Manufacturing sectors led shares higher.
At the close in Moscow, the MOEX Russia Index added 0.08%.
Novolipetsk Steel advanced 1.48% or 1.46 points to end at 100.18 and Bank VTB PJSC was up 1.40% or 1.20 points to 86.76 in late trade.
Biggest losers included Magnit PJSC, which dropped 1.76% or 56.50 points to trade at 3,148.50 in late trade. NOVATEK PJSC dropped 1.63% or 22.60 points to close at 1,361.50 and AK ALROSA PJSC down 1.53% or 0.57 points to 36.64.
Falling stocks outnumbered advancing ones by 126 to 113 and 14 ended unchanged on the Moscow Stock Exchange.
Shares in AK ALROSA PJSC declined to 5-year lows; losing 1.53% or 0.57 to 36.64.
The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was down 4.43% to 23.73.
Gold Futures for June delivery was up 2.29% or 101.40 to $4,535.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May dropped 1.15% or 1.06 to hit $91.29 a barrel, while the June Brent oil contract declined 0.03% or 0.03 to trade at $97.96 a barrel.
Elsewhere, markets grappled with mixed performances on Thursday as the dollar remained strong. Investor caution underscored the impact of Middle Eastern tensions, with Iran reportedly considering a U.S. proposal to resolve the Gulf war, causing oil prices to rise sharply and reignite inflation concerns.
Nikkei saw a 0.6% increase in early trade while South Korean stocks slipped 1.2%. The Asia-Pacific region outside Japan experienced a 0.23% decline.
Comments (0)
Average Rating: No ratings yet/5 (0 reviews)
No comments yet. Be the first to comment!