Russia's equity market closed with little net movement on Sunday as the MOEX Russia Index finished unchanged at 0.00% following a session where energy stocks outperformed while industrial and technology-related names underperformed.
Top gainers
- Rosneft PJSC (MCX:ROSN) led gains on the index, climbing 2.35% or 7.50 points to end the day at 327.00.
- Surgutneftegas PJSC (MCX:SNGS) added 1.75% or 0.28 points to close at 16.31.
- NOVATEK PJSC (MCX:NVTK) rose 1.58% or 14.70 points, finishing at 946.80.
Largest declines
- GMK Noril’skiy Nikel’ PAO (MCX:GMKN) fell 1.42% or 1.80 points to close at 125.00.
- Polyus PJSC (MCX:PLZL) declined 1.38% or 27.20 points to finish at 1,947.80.
- VK Company Ltd (MCX:VKCO) slipped 0.89% or 1.75 points to 194.05 at the close.
Market breadth on the Moscow Stock Exchange favoured advancing names, with 174 stocks higher versus 56 declining; 15 issues finished unchanged.
The Russian Volatility Index - RVI, which reflects the implied volatility of options on the MOEX Russia Index, remained unchanged at 43.02, representing a 0.00% change for the session.
Commodities and currency moves
Across related markets, gold futures for August delivery were stronger, rising 1.20% or 48.70 to $4,096.30 a troy ounce. Energy benchmarks moved lower: crude oil for August delivery fell 3.74% or 2.69 to $69.23 a barrel, while the September Brent contract dropped 3.84% or 2.90 to trade at $72.60 a barrel.
Foreign exchange dynamics showed notable depreciation of the ruble versus major currencies: USD/RUB moved up 3.97% to 78.88, and EUR/RUB rose 4.11% to 89.79.
In other benchmark markets, the US Dollar Index Futures was down 0.07% at 101.13 at the time reported.
This session combined stronger prices in several large energy issuers with weakness in parts of the mining and technology complex, steady implied equity volatility, and sizeable moves in commodity and currency markets that can influence corporate cash flows and investor sentiment.