Russian equities finished the trading day in negative territory on Friday, driven by losses across the Oil & Gas, Mining and Power sectors that pressured the benchmark index.
At the close in Moscow, the MOEX Russia Index dropped 0.32% and recorded a new one-month low.
Top performers
- AFK Sistema PJSC (MCX:AFKS) was the session leader on the index, gaining 0.74% or 0.09 points to finish at 12.29.
- VK Company Ltd (MCX:VKCO) rose 0.58% or 1.55 points, ending the day at 268.85.
- T Tekhnologii MKPAO (MCX:T) added 0.41% or 13.00 points to close at 3,198.00.
Lagging names
- Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) led declines, falling 3.04% or 0.16 points to close at 5.13.
- Polyus PJSC (MCX:PLZL) slipped 2.74% or 61.00 points to end the session at 2,163.20.
- TATNEFT n.a. V.D. Shashin (MCX:TATN) declined 2.07% or 12.90 points, finishing at 611.50.
On the Moscow Stock Exchange, decliners outnumbered advancers by a margin of 192 to 42, while 16 stocks finished unchanged.
Shares of Moskovskiy Kreditnyi Bank PAO moved to three-year lows during the session, closing down 3.04% or 0.16 at 5.13.
Volatility and broader market indicators
The Russian Volatility Index - RVI, which reflects implied volatility in MOEX Russia Index options, fell 13.64% to 17.35, marking a new 52-week low.
Commodities and FX
- Gold Futures for June delivery decreased 0.98% or 47.00 to trade at 4,771.00 a troy ounce.
- Crude oil for May delivery lost 2.29% or 2.24 to settle at 95.63 a barrel.
- The June Brent oil contract fell 1.66% or 1.59 to trade at 94.33 a barrel.
- USD/RUB moved down 0.70% to 77.07, while EUR/RUB fell 0.45% to 90.40.
- The US Dollar Index Futures was down 0.11% at 98.48.
Market participants closed the week with the MOEX Russia Index modestly lower as sector-specific weakness and commodity price movements influenced intraday positioning.