Russian equities ended Wednesday's session with net losses as sector weakness in Oil & Gas, Power and Manufacturing pressured the market. The MOEX Russia Index closed down 1.13% in Moscow trading.
Top performers
- Aeroflot PJSC (MCX:AFLT) led gains on the index, rising 3.33% or 1.61 points to finish at 49.95.
- VK Company Ltd (MCX:VKCO) added 2.34% or 6.20 points to close at 271.50.
- AFK Sistema PJSC (MCX:AFKS) climbed 1.91% or 0.23 points to end the session at 12.49.
Largest decliners
- Rosneft PJSC (MCX:ROSN) fell 3.95% or 18.85 points to close at 458.85.
- TATNEFT n.a. V.D. Shashin (MCX:TATN) dropped 3.86% or 25.40 points to finish at 632.60.
- PhosAgro PJSC (MCX:PHOR) declined 2.89% or 210.00 points to end at 7,062.00.
On the Moscow Stock Exchange, falling issues outnumbered rising ones by 123 to 113, while 14 stocks ended unchanged.
The Russian Volatility Index - RVI, which tracks implied volatility for options on the MOEX Russia Index, rose 13.76% to 26.87, marking a one-month high for the measure.
Commodities and FX
In commodity markets, Gold Futures for June delivery advanced 1.29% or 60.45 to trade at 4,745.15 per troy ounce. U.S. crude for May delivery weakened sharply, falling 14.56% or 16.45 to settle at 96.50 a barrel, while the June Brent contract inched up 0.29% or 0.28 to 96.67 a barrel.
On the foreign exchange front, USD/RUB was unchanged at 78.34, and EUR/RUB was unchanged at 91.61. The US Dollar Index Futures traded lower by 0.83% at 98.85.
Notes: This report summarizes market moves in Moscow at the close of trading on Wednesday and records closing levels and percentage changes for selected stocks, indexes, commodity contracts, and exchange rates referenced above.