Stock Markets May 23, 2026 05:20 PM

Moscow market closes flat as mixed stock moves offset each other

MOEX Russia Index finishes unchanged while select telecom, energy and consumer names post small gains and losses

By Hana Yamamoto T

Moscow equities ended the session with the MOEX Russia Index unchanged at the close. Winners included Mobil’nye Telesistemy PJSC, TATNEFT n.a. V.D. Shashin Pref and VK Company Ltd, while T Tekhnologii MKPAO, United Company Rusal IPJSC and Aeroflot PJSC were the largest decliners. Market breadth was modestly positive and volatility measures and key commodity prices showed mixed movement. FX crosses versus the ruble strengthened for the dollar and euro.

Moscow market closes flat as mixed stock moves offset each other
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Key Points

  • The MOEX Russia Index closed unchanged at the end of trading.
  • Top gainers included MTSS (+0.58%), TATN_p (+0.53%) and VKCO (+0.38%); notable laggards were T (-1.20%), RUAL (-1.04%) and AFLT (-0.95%).
  • Market breadth was slightly positive with 116 stocks up, 99 down and 26 unchanged; RVI volatility remained flat at 21.83.

Russia's main stock gauge, the MOEX Russia Index, finished the trading session unchanged at the close on Saturday, with small gains and losses across individual names ultimately offsetting one another.

The session's top performers on the MOEX Russia Index were Mobil’nye Telesistemy PJSC (MCX:MTSS), which advanced 0.58% or 1.35 points to settle at 233.20; TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p), which rose 0.53% or 3.10 points to close at 586.70; and VK Company Ltd (MCX:VKCO), which added 0.38% or 0.95 points to finish at 249.50.

On the downside, T Tekhnologii MKPAO (MCX:T) led the decliners, falling 1.20% or 3.72 points to 306.06 at the close. United Company Rusal IPJSC (MCX:RUAL) lost 1.04% or 0.36 points to end at 34.20, while Aeroflot PJSC (MCX:AFLT) declined 0.95% or 0.45 points to 46.80.


Market breadth and volatility

On the Moscow Stock Exchange, advancing issues outnumbered decliners by 116 to 99, while 26 names finished unchanged. The Russian Volatility Index - RVI, which reflects implied volatility in MOEX Russia Index options, was unchanged at 21.83, registering a 0.00% move for the session.


Commodities and FX snapshot

Commodity prices moved unevenly. Gold Futures for June delivery fell 0.42% or 19.30 to $4,523.20 a troy ounce. In the energy complex, crude futures for July delivery increased 0.26% or 0.25 to $96.60 a barrel, and the July Brent contract rose 0.94% or 0.96 to trade at $103.54 a barrel.

Currency crosses versus the Russian ruble showed modest increases: USD/RUB was up 0.48% at 71.55, and EUR/RUB rose 0.35% to 83.02. Separately, US Dollar Index Futures were down 0.03% at 99.19.


Notes and limitations

The session produced mixed outcomes across sectors; the earlier report indicated that certain sectors led share movements but did not specify which sectors. The data above reflects market closes and quoted contract prices reported at the end of trading.

Risks

  • Sector leadership was referenced but not specified in the session data, creating uncertainty about which industry groups were driving moves - this affects sector-level analysis for investors and analysts.
  • Commodity price swings were mixed, with gold lower and oil higher, introducing input-cost and revenue volatility for cyclical sectors such as energy and mining.
  • Currency moves - USD/RUB and EUR/RUB both rose - may impact exporters and importers differently and introduce FX-related earnings variability.

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