Summary
The MOEX Russia Index ended the session lower, slipping 0.16% to register a fresh one-month trough after selling pressure in the Mining, Power and Manufacturing sectors. Market breadth was negative and volatility, as measured by the Russian Volatility Index, climbed sharply. Selected large-cap names recorded mixed results while related commodities and currency pairs showed varied moves.
Market close snapshot
At the close in Moscow, the MOEX Russia Index lost 0.16% and hit a new one-month low. Declining issues outnumbered advancing ones by 177 to 62, with 10 stocks finishing unchanged.
Top performers
- Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) led gains, jumping 53.29% or 2.73 points to close at 7.86.
- OK Rusal MKPAO (MCX:RUAL) rose 4.19% or 1.74 points to finish at 43.15.
- Rosneft PJSC (MCX:ROSN) added 2.21% or 9.85 points to end the session at 456.10.
Largest decliners
- AK ALROSA PJSC (MCX:ALRS) fell 3.79% or 1.26 points to 31.99 at the close, marking a move to five-year lows for the stock.
- VK Company Ltd (MCX:VKCO) declined 2.66% or 7.15 points to 262.00.
- OZON (MCX:OZON) dropped 2.19% or 94.50 points to finish at 4,222.50.
Breadth and volatility
Decliners outpaced advancers substantially, with 177 stocks down versus 62 up and 10 unchanged. The Russian Volatility Index - RVI, which gauges implied volatility on MOEX Russia Index options, rose 19.08% to 20.66, reflecting an uptick in market uncertainty.
Commodities and FX
In commodities, Gold Futures for June delivery declined 0.44% or 21.05 to trade at 4,766.35 a troy ounce. Crude oil for May delivery advanced 1.49% or 1.44 to $98.01 a barrel, while the June Brent contract eased 0.05% or 0.05 to $98.00 a barrel.
On the currency front, USD/RUB was unchanged at 76.17 and EUR/RUB remained unchanged at 89.44. The US Dollar Index Futures moved lower, down 0.24% to 98.20.
Contextual notes
The session's sector-level pressure was concentrated in Mining, Power and Manufacturing, which collectively dragged the index lower. At the same time, selected names in energy and metals posted gains, illustrating the uneven nature of today's market moves.
What to watch next
Market participants may focus on further volatility readings and commodity price action, as these could influence sector momentum across the Moscow exchange in upcoming sessions.