Stock Markets February 7, 2026

Moscow Close Sees MOEX Flat as More Stocks Rise Than Fall

Market breadth favored gainers while select large-cap names moved in different directions; commodities and FX finished with modest changes

By Maya Rios MAGN
Moscow Close Sees MOEX Flat as More Stocks Rise Than Fall
MAGN

Russian equities ended the session with mixed outcomes as the MOEX Russia Index finished unchanged. Advancers outnumbered decliners by a wide margin, while individual large-cap names moved in both directions. Volatility measures held steady and commodity and FX markets recorded modest gains and losses.

Key Points

  • The MOEX Russia Index closed unchanged at - 0.00% despite more advancing stocks than decliners (168 up, 56 down, 19 unchanged).
  • Top performers included ROSSETI PJSC (FEES) unchanged at 0.08, Bank VTB PJSC (VTBR) up to 84.54, and Magnitogorskiy Metallurgicheskiy Kombinat PAO (MAGN) rising to 32.23 - indicating moves in utilities, banking and metallurgical names.
  • Commodity and FX markets saw modest shifts: April gold futures rose to $4,979.80 an ounce, March crude hit $63.55 a barrel, Brent traded at $68.05, USD/RUB moved to 77.00 and EUR/RUB to 90.99.

Russia stocks were lower after the close on Saturday, although the official market gauge finished the session flat. The MOEX Russia Index closed unchanged - 0.00%.

Market breadth on the Moscow Stock Exchange favored advancing issues. Rising stocks outnumbered declining ones by 168 to 56, and 19 issues finished unchanged. The session produced a mix of moves among headline names across sectors.

Among the best performers on the MOEX Russia Index, ROSSETI PJSC (MCX:FEES) was reported unchanged 2.24% or 0.00 points to trade at 0.08 at the close. Bank VTB PJSC (MCX:VTBR) added 1.61% or 1.34 points to end at 84.54, and Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) rose 1.50% or 0.48 points to 32.23 in late trade.

On the other side of the tape, Polyus PJSC (MCX:PLZL) fell 0.21% or 5.60 points to trade at 2,626.20 at the close. OZON (MCX:OZON) declined 0.18% or 8.00 points to end at 4,517.00, and Aeroflot PJSC (MCX:AFLT) was down 0.02% or 0.01 points to 56.60.

The Russian Volatility Index - RVI, which measures the implied volatility of MOEX Russia Index options, finished unchanged - 0.00% - at 27.10.

Commodities showed modest moves during the session. Gold Futures for April delivery was up 1.85% or 90.30 to $4,979.80 a troy ounce. In crude markets, oil for delivery in March rose 0.41% or 0.26 to hit $63.55 a barrel, while the April Brent oil contract gained 0.74% or 0.50 to trade at $68.05 a barrel.

Currency pairs involving the ruble moved slightly higher. USD/RUB was up 0.33% to 77.00, and EUR/RUB rose 0.67% to 90.99. The US Dollar Index Futures was down 0.19% at 97.51.

Report details contained limited sector attribution for the primary downward pressure; the available information did not specify which sectors led declines. The session's statistics and price moves provide a snapshot of closing conditions across equities, commodities and FX without further explanation of underlying drivers.

Risks

  • The report did not specify which sectors were responsible for downward pressure, creating uncertainty about the underlying drivers of market movement - this affects investors looking for sector-specific signals.
  • Currency fluctuations - USD/RUB and EUR/RUB both rose - present risks for corporates and market participants sensitive to ruble strength or weakness, particularly exporters and importers.
  • Volatility remained unchanged at 27.10, but unchanged volatility does not eliminate price risk in individual names that displayed divergent moves, such as PLZL, OZON and AFLT.

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