MOEX Russia Index Closes Flat Amid Mixed Stock Performance

Russia's main stock benchmark, the MOEX Russia Index, finished Saturday's trading session completely flat, showing no change. The static close concealed a mixed performance across the Moscow Exchange, where advancing stocks significantly outnumbered decliners, according to data from Investing.com.

Market Close Details

The MOEX Russia Index registered a 0.00% change at the close in Moscow. Market breadth was positive, with 148 stocks rising compared to 82 falling, while 18 issues ended the session unchanged.

Reflecting the lack of overall market movement, the Russian Volatility Index (RVI), which measures the implied volatility of MOEX Russia Index options, also closed unchanged at 37.83.

Sector and Stock Movers

Gains in major energy and industrial names helped support the market, though they were ultimately offset by losses elsewhere. Notable top performers included:

• Rosneft PJSC (MCX:ROSN): +3.01%
• Aeroflot PJSC (MCX:AFLT): +1.10%
• Novolipetsk Steel (MCX:NLMK): +0.70%

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Dragging on the index were declines primarily in the materials and metals sectors. The session's biggest laggards were:

• PhosAgro PJSC (MCX:PHOR): -0.72%
• United Company Rusal IPJSC (MCX:RUAL): -0.66%
• Polyus PJSC (MCX:PLZL): -0.46%

Currency and Commodity Markets

In related markets, oil prices were mixed, with the October contract for Crude oil dipping 0.09% to $91.22 a barrel, while the November Brent contract rose 0.35% to $95.85 a barrel. Meanwhile, Gold Futures for December delivery fell 1.38%.

The Russian ruble strengthened against major currencies. The USD/RUB pair fell 0.51% to 86.21, and the EUR/RUB pair declined 1.05% to 99.66, even as the US Dollar Index Futures edged up 0.25%.