Stock Markets July 5, 2026 05:20 PM

Moscow Stocks Slip as MOEX Index Holds at Three-Year Low

Mixed session sees select gains among utilities and retailers while broader market indicators remain flat

By Maya Rios
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UPRO MGNT

Russian equities finished lower at the close on Sunday, even as the MOEX Russia Index registered no net change and remained at a three-years low. A small group of stocks, including Unipro PJSC and Magnit PJSC, posted gains, while some financial names lagged. Volatility and key commodity prices showed modest movement during the session.

Moscow Stocks Slip as MOEX Index Holds at Three-Year Low
UPRO MGNT
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Key Points

  • MOEX Russia Index closed unchanged at 0.00% and was reported at a new 3-years low.
  • Unipro (UPRO), Magnit (MGNT) and Novolipetsk Steel (NLMK) were among the session's top gainers while Moskovskiy Kreditnyi Bank (CBOM) posted the largest decline.
  • Commodities and FX showed modest moves: gold rose sharply in percentage terms, Brent and US crude edged higher, USD/RUB and EUR/RUB both fell slightly.

Russian share prices ended lower after trading on Sunday, with the session producing a mix of winners and losers while the MOEX Russia Index finished unchanged at the close, standing at a new 3-years low.

Source information did not specify which sectors led the move lower in overall Russian equities for the session. At the close in Moscow the MOEX Russia Index was unchanged 0.00%.

Top performers on the MOEX Russia Index included:

  • Unipro PJSC (MCX:UPRO) - up 2.68% or 0.03 points to trade at 1.00 at the close.
  • Magnit PJSC (MCX:MGNT) - up 2.44% or 44.00 points to end at 1,844.00.
  • Novolipetsk Steel (MCX:NLMK) - up 1.51% or 0.88 points to 59.10 in late trade.

Lagging issues during the session included:

  • Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) - down 1.30% or 0.11 points to trade at 8.19 at the close.
  • GDR ROS AGRO PLC ORD SHS (MCX:AGRODR) - unchanged 0.00% or 0.00 points to end at 1,083.80.
  • PIK SHb PJSC (MCX:PIKK) - up 0.02% or 0.10 points to 545.50.

On the Moscow Stock Exchange, advancing issues outnumbered decliners by 153 to 74, while 15 stocks finished unchanged.

GDR ROS AGRO PLC ORD SHS (MCX:AGRODR) remained unchanged at 1,083.80, a level that was reported as a 52-week low in the available information.

The Russian Volatility Index - RVI, which measures implied volatility of MOEX Russia Index options, was unchanged 0.00% at 40.65.

Commodity markets showed modest moves: Gold Futures for August delivery rose 1.49% or 61.60 to $4,187.30 a troy ounce. Crude oil for August delivery increased 0.13% or 0.09 to $68.78 a barrel, and the September Brent contract was up 0.45% or 0.32 to trade at $72.12 a barrel.

In currency markets, USD/RUB was down 0.25% to 77.31, while EUR/RUB fell 0.21% to 88.42. The US Dollar Index Futures was unchanged 0.00% at 100.62.


Market context limitations - The available information does not identify the specific sectors that led the downward pressure across Russian stocks; that detail was not provided.

Risks

  • Sector leadership for the market decline was not specified in the available information, which limits interpretation of where economic or market stress is concentrated - this uncertainty affects sector-specific analysis.
  • The MOEX Russia Index sitting at a reported three-years low introduces downside vulnerability for broader market sentiment, potentially impacting equity-linked financing and investor confidence in Russian markets.
  • A substantial portion of individual issuers recorded little or no price change, such as AGRODR at a 52-week low and the RVI unchanged, indicating potential liquidity or volatility dynamics that could amplify moves in either direction.

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