Russian equities closed mixed on Saturday as the MOEX Russia Index finished the session unchanged. Market breadth favored advancers, but several prominent companies moved in opposite directions, mirroring volatility in commodity and currency markets.
At the close in Moscow the benchmark MOEX Russia Index was unchanged at 0.00%.
Top gains
- TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p) led the gainers, rising 1.44% or 7.70 points to finish at 542.90.
- Rosneft PJSC (MCX:ROSN) added 1.41% or 6.05 points to close at 434.00.
- PhosAgro PJSC (MCX:PHOR) advanced 1.16% or 80.00 points to end the session at 6,961.00.
Laggers
- Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) was the weakest performer, slipping 1.57% or 0.12 points to 7.71.
- MMC NORILSK NICKEL PJSC (MCX:GMKN) declined 1.03% or 1.40 points to 136.30.
- Polyus PJSC (MCX:PLZL) fell 0.97% or 22.00 points to 2,241.20.
On the Moscow exchange, rising issues outnumbered decliners by 139 to 84, while 22 stocks finished unchanged.
The Russian Volatility Index - RVI, which reflects implied volatility in options on the MOEX Russia Index, was unchanged at 20.45, representing a 0.00% move for the session.
Commodities and currencies
Commodity markets showed marked moves. Gold futures for June delivery rose 1.48% or 71.30 to trade at 4,879.60 a troy ounce. Oil fell sharply - U.S. crude for May delivery dropped 11.45% or 10.84 to $83.85 a barrel, while the June Brent contract fell 9.07% or 9.01 to $90.38 a barrel.
Foreign exchange rates moved modestly against the ruble. USD/RUB declined 0.47% to 76.00, and EUR/RUB was down 0.62% to 89.40. The US Dollar Index Futures fell 0.13% to 97.90.
Overall, the session left the MOEX index unchanged though individual sectors and commodities exhibited meaningful intraday shifts.