Stock Markets February 1, 2026

Moscow Market Close: MOEX Flat as RusHydro, VTB Gain and Energy Names Slip

MOEX Russia Index finishes unchanged amid mixed moves in power, banking and oil-linked stocks

By Avery Klein HYDR
Moscow Market Close: MOEX Flat as RusHydro, VTB Gain and Energy Names Slip
HYDR

The MOEX Russia Index finished the session unchanged, with selective gains in power and banking names offset by modest declines among oil and mining stocks. Market breadth favored advancers, while volatility measures and major commodity and FX benchmarks saw mixed movement at the close in Moscow on Sunday.

Key Points

  • The MOEX Russia Index closed unchanged at 0.00% as gains in select power and banking stocks offset losses in some energy and mining names.
  • Advancers outnumbered decliners on the Moscow Stock Exchange by 204 to 36, with 7 stocks unchanged - indicating positive breadth despite a flat headline index.
  • Commodities and FX were mixed: April gold futures fell sharply in percentage terms, crude oil contracts edged lower, USD/RUB was slightly stronger and EUR/RUB weakened.

Market close overview

The MOEX Russia Index ended the trading session in Moscow unchanged at 0.00%. Price action was uneven across sectors, with some power and banking shares posting gains while certain energy and mining-related listings moved lower.

Top and bottom performers

  • Federal Hydro Generating Company RusHydro PJSC (HYDR) rose 2.99% - an increase of 0.01 points - to close at 0.43.
  • Bank VTB PJSC (VTBR) advanced 2.05%, adding 1.59 points to finish at 79.06.
  • ROSSETI PJSC (FEES) was reported as unchanged, registering 1.37% or 0.00 points to close at 0.08 in late trade.
  • Surgutneftegas PJSC Pref (SNGS_p) was the session's heaviest decliner among the listed names, falling 0.17% or 0.08 points to end the day at 43.92.
  • Polyus PJSC (PLZL) dipped 0.07%, down 1.80 points to close at 2,599.40.
  • GDR ROS AGRO PLC ORD SHS (AGRODR) finished unchanged at 1,083.80, a reading that was noted alongside its 52-week low status.

Market breadth and volatility

On the Moscow Stock Exchange, advancing issues outnumbered decliners by 204 to 36, while 7 stocks ended the session unchanged. The Russian Volatility Index - RVI, which gauges implied volatility on MOEX options, was unchanged at 26.52.

Commodities and foreign exchange

Gold futures for April delivery moved lower, down 11.39% - a decline of 609.70 - to $4,745.10 per troy ounce. In energy markets, crude oil for March delivery fell 0.32% or $0.21 to $65.21 a barrel, and the April Brent contract slipped 0.03% or $0.02 to $70.69 a barrel.

Currency pairs showed modest shifts: USD/RUB rose 0.05% to 76.00, while EUR/RUB declined 0.95% to 90.06. The US Dollar Index Futures was higher by 0.75%, trading at 96.86 at the close.

Closing note

The session produced mixed outcomes across sectors with the overall MOEX benchmark unchanged, reflecting a balance between selective stock gains and losses among key energy and mining names.

Risks

  • Volatility remained steady with the RVI unchanged at 26.52, but commodity price swings - notably in gold and crude - could create near-term uncertainty for resource-linked sectors.
  • Currency movements, including a firmer USD/RUB and weaker EUR/RUB, may affect firms with significant foreign currency exposure, particularly in finance and import-reliant operations.
  • Market breadth shows many advancers, yet several large-cap energy and mining names still posted declines, indicating sector-specific vulnerability that could weigh on index performance.

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