Russian shares closed in negative territory on Tuesday, with the MOEX Russia Index ending the session down 0.93% in Moscow trading. Sector pressure from Oil & Gas, Power and Mining helped push the benchmark lower.
Among individual listings, Surgutneftegas PJSC Pref (MCX:SNGS_p) was the session's top performer on the MOEX Russia Index, advancing 2.84% - a gain of 1.08 points - to finish at 39.10. Metallurgical heavyweight Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) climbed 2.58%, or 0.50 points, to close at 19.67. E-commerce group OZON (MCX:OZON) also moved higher, rising 1.70% (48.50 points) to end the day at 2,906.50.
On the downside, ROSSETI PJSC (MCX:FEES) was cited among the worst performers, described as unchanged 3.20% or 0.00 points to trade at 0.05 at the close. Bank VTB PJSC (MCX:VTBR) fell 2.92%, a move of 1.71 points, to finish at 56.70. Telecommunications firm Rostelekom PJSC (MCX:RTKM) declined 2.55%, or 1.07 points, to end the session at 40.91.
Breadth on the Moscow Stock Exchange favored decliners: 150 names fell, 99 advanced and 4 remained unchanged.
The Russian Volatility Index - RVI, which reflects the market's implied volatility derived from MOEX Russia Index options, eased 0.85% to 47.59 by the close.
Commodities moved unevenly. Gold Futures for August delivery slipped 1.18%, a loss of 48.20, to trade at 4,028.80 a troy ounce. In crude markets, September delivery for U.S. crude dropped 3.99%, down 3.20, to $77.05 a barrel, while the October Brent contract rose 0.88%, or 0.72, to $82.54 a barrel.
On the foreign exchange front, USD/RUB was unchanged at 78.66 and EUR/RUB was unchanged at 89.56.
For reference, the US Dollar Index Futures was reported down 0.11% at 101.28 during related market commentary.
Market takeaways
- MOEX Russia Index closed down 0.93%, with sector-level weakness concentrated in Oil & Gas, Power and Mining.
- Top performers included SNGS_p, MAGN and OZON; notable declines were recorded in FEES, VTBR and RTKM.
- RVI eased, indicating a modest reduction in implied option volatility on the Russian benchmark.
Data note - All price movements and figures reflect closing values reported for the Moscow session on Tuesday.