Stock Markets June 27, 2026 05:20 PM

Moscow market closes flat as select stocks post mixed moves

MOEX Russia Index ends unchanged while individual stocks and commodities show notable swings

By Caleb Monroe
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ROSN

The MOEX Russia Index finished the session unchanged, with a mix of gains and losses across individual names. Rostelekom, Rosneft and Aeroflot were among the session winners, while PIK, Norilsk Nickel and Surgutneftegas preferred shares were the heaviest decliners. Market breadth skewed positive by count, the Russian Volatility Index held steady, and key commodity and FX rates moved notably.

Moscow market closes flat as select stocks post mixed moves
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Key Points

  • MOEX Russia Index closed unchanged at a net movement of 0.00%.
  • Rostelekom (RTKM), Rosneft (ROSN) and Aeroflot (AFLT) were the top gainers; PIK (PIKK), Norilsk Nickel (GMKN) and Surgutneftegas pref (SNGS_p) were the main decliners.
  • Commodities and FX showed significant moves: August gold futures rose, August crude and September Brent fell, and USD/RUB and EUR/RUB strengthened materially.

Russia's benchmark closed the session unchanged, with the MOEX Russia Index finishing the trading day at a net movement of 0.00%.

Among individual equities, Rostelekom PJSC (MCX:RTKM) was the session's strongest performer on the exchange, advancing 1.07% or 0.45 points to close at 42.58. Rosneft PJSC (MCX:ROSN) added 0.97% or 3.10 points, finishing the day at 322.60, while Aeroflot PJSC (MCX:AFLT) rose 0.84% or 0.32 points to end at 38.27.

At the other end of the tape, PIK SHb PJSC (MCX:PIKK) posted the largest decline, slipping 1.11% or 6.00 points to settle at 535.80. GMK Noril’skiy Nikel’ PAO (MCX:GMKN) fell 0.80% or 1.00 points to 125.80 and Surgutneftegas PJSC Pref (MCX:SNGS_p) declined 0.46% or 0.19 points to close at 40.74.

Market breadth on the Moscow Stock Exchange showed more advancing issues than decliners, with 160 stocks rising, 57 falling and 20 remaining unchanged.


Volatility and indexes

The Russian Volatility Index - RVI, which reflects implied volatility in options on the MOEX Russia Index, was unchanged at 0.00%, finishing at 43.02.


Commodities

Precious and energy markets registered meaningful moves. Gold futures for August delivery rose 1.20% or 48.70 to trade at $4,096.30 a troy ounce. In energy, crude oil for August delivery declined 3.74% or 2.69 to $69.23 a barrel, while the September Brent contract fell 3.84% or 2.90 to $72.60 a barrel.


Foreign exchange

Major FX rates against the ruble moved higher: USD/RUB was up 3.97% to 78.88 and EUR/RUB increased 4.11% to 89.79. Separately, US Dollar Index futures were reported down 0.07% at 101.13.


Some descriptive data in the source reference was unclear about which specific sectors led intraday performance; that detail was not provided in the figures available for this report.

The session presented a mixed picture: an unchanged headline index contrasted with clear winners and losers among individual names, notable moves in commodities and a stronger ruble against major currencies.

Risks

  • Commodity price swings - sharp declines in crude oil and Brent could affect energy-sector companies and associated market sentiment.
  • Currency volatility - sizable moves in USD/RUB and EUR/RUB may create earnings and translation risks for exporters and importers.
  • Limited sector detail - the available data did not specify which sectors drove gains, leaving sector-level interpretation uncertain.

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