Stock Markets April 5, 2026

MOEX Russia Index Ends Flat as Select Energy and Utilities Stocks Move

Market breadth favored gainers while volatility gauges and commodity prices shifted modestly

By Sofia Navarro UPRO HYDR
MOEX Russia Index Ends Flat as Select Energy and Utilities Stocks Move
UPRO HYDR

The MOEX Russia Index closed unchanged, touching a new one-month low as a mix of winners and losers drove outperformance among select energy and utilities names. Market breadth showed more advancing issues than decliners, while the Russian Volatility Index fell to a 52-week low. Gold and oil futures moved higher and the ruble strengthened against major currencies.

Key Points

  • The MOEX Russia Index closed unchanged at a new one-month low, with the headline reading 0.00%.
  • Winners outnumbered losers on the Moscow Stock Exchange, with 155 advancing, 74 declining and 16 unchanged; notable gainers included UPRO, NVTK and RUAL.
  • The Russian Volatility Index (RVI) was unchanged at 20.70, a new 52-week low, while gold and oil futures moved higher and the ruble strengthened versus the dollar and euro.

Moscow equities finished the session with the MOEX Russia Index essentially flat, registering a 0.00% change and recording a new one-month low at the close. Trading produced a greater number of advancing stocks than decliners, even as several large-cap names posted notable moves.

Among contributors to the session's gains, Unipro PJSC (MCX:UPRO) led the winners by rising 0.81% or 0.01 points to finish at 1.43. NOVATEK PJSC (MCX:NVTK) added 0.75% or 9.50 points to close at 1,277.20, while OK Rusal MKPAO (MCX:RUAL) climbed 0.72% or 0.31 points to end the day at 42.71.

On the downside, Gazprom PJSC (MCX:GAZP) retreated 0.68% or 0.90 points to 132.12 at the close. Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR) was recorded as unchanged, showing a 0.54% or 0.00 point change to finish at 0.44. AFK Sistema PJSC (MCX:AFKS) fell 0.42% or 0.05 points to 12.29.

Market breadth on the Moscow Stock Exchange showed 155 rising issues compared with 74 declining issues, and 16 stocks ended the session unchanged.


The Russian Volatility Index - RVI, which tracks implied volatility for options on the MOEX Russia Index, moved to 20.70 and was unchanged at 0.00%, marking a new 52-week low.

Commodities traded with modest gains. Gold Futures for June delivery increased 0.49% or 23.00 to $4,702.70 a troy ounce. In energy markets, crude oil for May delivery rose 0.47% or 0.52 to $112.06 a barrel, and the June Brent contract advanced 7.78% or 7.87 to trade at $109.03 a barrel.

Currency moves included a firmer ruble versus the dollar and euro. USD/RUB declined 0.24% to 80.01, while EUR/RUB fell 0.42% to 92.15. The US Dollar Index Futures was up 0.13% at 99.99.

Overall, the session combined an unchanged headline index reading with selective stock-level movements and measurable activity in commodity and FX markets. The RVI's decline to a one-year low and the gains in oil and gold futures were among the notable market signals at the close.

Risks

  • Price movements in commodities - such as the increases in gold and crude oil futures - could influence sector performance, particularly energy and materials.
  • Exchange-rate volatility remains a market factor, with USD/RUB and EUR/RUB both moving during the session and potentially affecting exporters and importers.
  • Concentration of moves in a subset of large-cap stocks means headline index stability may mask stock-specific downside or upside risks for investors focused on individual names.

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