Russia's MOEX Russia Index closed down 4.29% as Mining, Oil & Gas and Power shares led the decline and the Russian Volatility Index jumped 25.01%. The selloff came in the same overnight window as a large-scale Ukrainian drone attack on the Moscow region, reported separately by Crypto Briefing.
The MOEX Russia Index declined 4.29% at the close of trading, as losses in the Mining, Oil & Gas and Power sectors pulled the benchmark lower. Falling stocks outnumbered advancing ones on the Moscow Stock Exchange.
Winners and losers on the session
Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) led gainers, rising 3.94% to 11.60. Moskovskaya Birzha PJSC (MCX:MOEX) added 0.52% to 153.95, while PIK SHb PJSC (MCX:PIKK) rose 0.37% to 575.00.
AFK Sistema PJSC (MCX:AFKS) led losses, falling 6.78% to 8.25. United Company Rusal IPJSC (MCX:RUAL) declined 6.71% to 24.75, and OZON (MCX:OZON) dropped 6.26% to 2,914.50.
Volatility gauge jumps
The Russian Volatility Index — RVI, which measures implied volatility of MOEX Russia Index options, climbed 25.01% to 42.53. USD/RUB rose 3.32% to 85.83, while EUR/RUB gained 1.78% to 97.46. The US Dollar Index Futures slipped 0.32% to 99.54.
Gold futures for December delivery rose 0.26% to $4,432.00 a troy ounce. Crude oil for October delivery gained 1.42% to $81.47 a barrel, while the Brent contract for October delivery added 1.76% to $88.60 a barrel.
Drone strikes hit Moscow region overnight
Separately, Ukraine launched roughly 600 drones at the Moscow region overnight into August 16, among the largest aerial assaults on the Russian capital's outskirts since the war began in 2022. Moscow Mayor Sergei Sobyanin said air defenses intercepted 201 of the drones. Russia's Ministry of Defense claimed it neutralized over 800 drones nationwide during the same window.
The most visible damage hit a Wildberries distribution center in the Podolsk area south of Moscow, a facility spanning 250,000 square meters that suffered extensive fire damage. An 83-year-old man was killed after a drone struck his home, according to Russian officials. Moscow region Governor Andrei Vorobyov called it one of the most substantial attacks the region has faced, and Russian officials threatened a retaliatory response.
Sources: Investing.com, Crypto Briefing
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