Stock Markets July 4, 2026 05:20 PM

Moscow stocks slip at close as MOEX holds at three-year low

Mixed movers on the Moscow exchange as OZON hits a 52-week low and commodities trade mixed

By Derek Hwang
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UPRO MGNT

Russian equities closed lower on Saturday with the MOEX Russia Index unchanged at 0.00%, marking a fresh three-year low. A small set of names recorded gains — led by Unipro, Mobil’nye Telesistemy and Magnit — while Moskovskiy Kreditnyi Bank, OZON and Rostelekom were among the session’s biggest decliners. Market breadth favored losers, and benchmark commodity and FX contracts registered modest moves.

Moscow stocks slip at close as MOEX holds at three-year low
UPRO MGNT
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Key Points

  • The MOEX Russia Index closed unchanged at 0.00% and was recorded at a new three-year low.
  • Top performers included Unipro (UPRO +1.29%), Mobil’nye Telesistemy (MTSS +0.56%) and Magnit (MGNT +0.28%); largest declines were Moskovskiy Kreditnyi Bank (CBOM -1.89%), OZON (OZON -1.22%) and Rostelekom (RTKM -0.93%).
  • Market breadth favored decliners (136 falling, 77 advancing, 22 unchanged); commodities and FX showed modest moves with gold up and crude oil slightly higher.

Russian equities finished the Saturday session with a net decline, even as the headline MOEX Russia Index registered no change of 0.00% and was recorded at a new three-year low.

The source text included an incomplete reference to which sectors led moves in the market; that information was not specified and cannot be confirmed from the available report.

Top gainers: Among individual listings on the MOEX Russia Index, Unipro PJSC (MCX:UPRO) led advancers, rising 1.29% (0.01 points) to close at 0.98. Mobil’nye Telesistemy PJSC (MCX:MTSS) added 0.56% (1.20 points) to finish at 213.95, and Magnit PJSC (MCX:MGNT) was up 0.28% (5.00 points) to end the day at 1,805.00.

Largest decliners: On the downside, Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) fell 1.89% (0.16 points) to 8.14 at the close. OZON (MCX:OZON) retreated 1.22% (38.50 points) to 3,118.50, registering a 52-week low, while Rostelekom PJSC (MCX:RTKM) slipped 0.93% (0.40 points) to 42.39.

Market breadth on the Moscow Stock Exchange tilted toward declines: 136 issues fell versus 77 that advanced, and 22 finished unchanged.

The Russian Volatility Index - RVI, which reflects implied volatility in MOEX Russia Index options, was unchanged at 0.00%, standing at 40.65.


Commodities and energy: Precious and energy markets showed modest movement. Gold Futures for August delivery rose 1.49% (61.60) to $4,187.30 per troy ounce. In crude markets, the front-month August U.S. crude contract advanced 0.13% (0.09) to $68.78 per barrel, while the September Brent contract gained 0.45% (0.32) to trade at $72.12 per barrel.

FX and dollar benchmarks: Currency moves included USD/RUB falling 0.25% to 77.31 and EUR/RUB declining 0.21% to 88.42. The US Dollar Index Futures was unchanged at 0.00%, recorded at 100.62.

These price moves left a mixed picture across assets: selective gains in some blue-chips contrasted with broader weakness in the market, and pockets of notable weakness such as OZON’s 52-week low were observable within the trading session.

Risks

  • Concentration of declines: more stocks fell than rose (136 vs. 77), which may signal broader market weakness for equity investors in Russia.
  • OZON reached a 52-week low, representing company-specific downside risk for holders of that e-commerce stock.
  • The headline MOEX index sitting at a three-year low indicates elevated downside uncertainty for portfolios tied to the Russian equity benchmark.

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