Russian stocks ended the trading session lower on Sunday, though the headline MOEX Russia Index registered no net movement, closing unchanged at 0.00%.
The session produced notable winners and losers among large-cap names. Polyus PJSC (MCX:PLZL) led gains on the index, adding 1.25% - a rise of 26.00 points - to finish at 2,108.80. GMK Noril’skiy Nikel’ PAO (MCX:GMKN) was up 1.00% or 1.30 points, closing at 129.20, while Mobil’nye Telesistemy PJSC (MCX:MTSS) climbed 0.54% or 1.25 points to end at 233.10.
On the downside, TATNEFT n.a. V.D. Shashin (MCX:TATN) posted the largest loss among the major names, falling 1.36% or 8.50 points to 617.30 at the close. United Company Rusal IPJSC (MCX:RUAL) declined 1.19% or 0.41 points to finish at 34.15, and T Tekhnologii MKPAO (MCX:T) slipped 1.16% or 3.60 points to 306.18.
Market breadth on the Moscow Stock Exchange tilted toward downward pressure, with 125 issues falling versus 106 advancing; 15 issues were unchanged.
The Russian Volatility Index - RVI, which tracks implied volatility for options on the MOEX Russia Index, remained unchanged at 0.00%, holding at a level of 21.83.
Commodities showed mixed moves. Gold futures for August delivery were lower by 0.42% or 19.30, registering at $4,556.40 a troy ounce. In oil markets, crude for July delivery rose 0.26% or 0.25 to $96.60 a barrel, while the August Brent contract gained 0.94% or 0.96 to trade at $100.21 a barrel.
In currency markets, the ruble weakened against the dollar and euro. USD/RUB rose 0.48% to 71.55, and EUR/RUB increased 0.35% to 83.02. The US Dollar Index Futures edged down 0.03% to 99.19.
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Session takeaway - The main Russian index ended the day unchanged despite a preponderance of declining stocks, with selective strength among miners and telecoms offset by losses in energy and metals-related names. Volatility readings were steady and commodity and FX moves provided a mixed backdrop for equity trading.