Russia's equities finished the trading day slightly in the red, with the MOEX Russia Index slipping 0.11% at the close in Moscow. The session was characterized by sectoral divergence - headline declines in Oil & Gas, Power and Manufacturing names outweighed advances elsewhere on the bourse.
Top performers
- Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) led gains, rising 1.73% or 0.44 points to finish at 25.87.
- Moskovskaya Birzha PJSC (MCX:MOEX) added 1.21% or 2.08 points to close at 174.40.
- T Tekhnologii MKPAO (MCX:T) was up 0.95% or 2.96 points to end the session at 314.78.
Lagging issues
- Magnit PJSC (MCX:MGNT) was the weakest large-cap name, falling 1.73% or 43.00 points to close at 2,444.50.
- VK Company Ltd (MCX:VKCO) declined 1.47% or 3.55 points, finishing at 237.30.
- United Company Rusal IPJSC (MCX:RUAL) slipped 1.15% or 0.44 points to 37.47 at the close.
Market breadth on the Moscow Stock Exchange tilted toward sellers: 145 issues fell versus 86 that advanced, while 20 stocks ended unchanged.
The Russian Volatility Index - RVI, which tracks implied volatility for MOEX Russia Index options, increased 2.39% to 21.82, signaling a modest uptick in option-implied risk.
Commodity movements were mixed. Gold Futures for June delivery dropped 1.59% or 72.60 to trade at $4,485.40 a troy ounce. In energy markets, Crude oil for July delivery fell 0.34% or 0.35 to $104.03 a barrel, while the July Brent contract inched up 0.13% or 0.14 to $111.12 a barrel.
On the currency front, USD/RUB was unchanged at 71.20 and EUR/RUB held steady at 82.64, each showing 0.00% change. The US Dollar Index Futures posted a small gain, up 0.15% to 99.26.
This session’s data reflect a market balancing selective buying in certain industrial and exchange-related names against pressure in energy, utilities and manufacturing names. The rise in the RVI and the mixed commodity price moves provide context for the modest net decline in the MOEX Russia Index.