Russia's stock market closed lower on Tuesday, with the MOEX Russia Index finishing the session down 1.21% as sector-specific weakness in Oil & Gas, Mining and Power pressured equities across the board.
At the close in Moscow, the benchmark MOEX Russia Index registered the 1.21% decline after a day of broad selling. Among individual stocks, Magnit PJSC (MGNT) was the session's top performer on the index, climbing 2.43% to finish at 2,026.00. GMK Noril'skiy Nikel' PAO (GMKN) also advanced, rising 2.19% to 119.30. T Tekhnologii MKPAO (T) gained 1.24% to end the day at 274.76.
On the downside, Moskovskiy Kreditnyi Bank PAO (CBOM) led losses, slipping 3.99% to 10.80 at the close. VK Company Ltd (VKCO) fell 3.49% to 220.15 and TATNEFT n.a. V.D. Shashin (TATN) dropped 3.28% to 581.00.
Market breadth was negative: decliners outnumbered advancers by 178 to 62 on the Moscow Stock Exchange, while 13 stocks finished unchanged. The Russian Volatility Index - RVI, which gauges implied volatility on MOEX Russia Index options, moved down 1.54% to 32.05, indicating a modest easing in option-implied volatility.
Commodities showed mixed movement during the session. Gold futures for December delivery declined 1.84%, or $75.85, to settle at $4,038.65 per troy ounce. Crude oil prices also cooled: the December WTI contract fell 0.52% to $86.40 per barrel and the January Brent contract was down 0.63% to $91.99 per barrel.
Currency pairs related to the ruble moved higher against major benchmarks. USD/RUB rose 0.95% to 83.28, while EUR/RUB increased 0.29% to 92.86. The US Dollar Index Futures strengthened, trading up 0.62% at 102.17 by the close of the session.
The session demonstrated a split market where some large-cap miners and a major retailer outperformed, but the broader influence of weakness in energy, mining and power sectors left the benchmark lower. Volatility retreated slightly even as commodity prices and the ruble-dollar exchange rate shifted during the day.
Session highlights:
- MOEX Russia Index closed down 1.21%.
- Top gainers included MGNT (+2.43%), GMKN (+2.19%) and T (+1.24%).
- Largest decliners included CBOM (-3.99%), VKCO (-3.49%) and TATN (-3.28%).
- RVI eased 1.54% to 32.05; gold and crude oil fell.
- USD/RUB moved to 83.28; EUR/RUB traded at 92.86; US Dollar Index Futures rose to 102.17.