Russian stocks ended Monday's session in negative territory, with the MOEX Russia Index finishing the day down 0.52% following broad weakness in the Oil & Gas, Telecoms and Power sectors.
At the close in Moscow, the benchmark MOEX Russia Index registered a 0.52% decline.
The session's top performers on the MOEX Russia Index included OK Rusal MKPAO (MCX:RUAL), which advanced 1.90% or 0.77 points to close at 41.37. OZON (MCX:OZON) also gained ground, rising 1.12% or 51.00 points to finish at 4,611.50, and Polyus PJSC (MCX:PLZL) climbed 1.05% or 28.40 points to end the day at 2,737.40.
By contrast, the weakest names were NOVATEK PJSC (MCX:NVTK), down 2.79% or 34.00 points to 1,183.00 at the close; AFK Sistema PJSC (MCX:AFKS), which fell 2.18% or 0.29 points to 13.07; and LUKOIL PJSC (MCX:LKOH), off 2.13% or 114.50 points to 5,268.00.
Declining issues outnumbered advancing ones on the Moscow Stock Exchange by 164 to 82, while seven stocks finished unchanged.
Notably, shares of OZON (MCX:OZON) reached a 52-week high in the session, closing at 4,611.50 after a 1.12% gain.
Volatility readings moved slightly lower, with the Russian Volatility Index - RVI, which captures implied volatility in MOEX Russia Index options, slipping 0.35% to 25.86.
Commodity markets showed a mixed picture alongside the equity moves. Gold futures for April delivery rose 0.96% or 48.14 to $5,065.14 a troy ounce. In energy markets, crude oil for March delivery fell 0.43% or 0.26 to $60.81 a barrel, and the April Brent contract eased 0.23% or 0.15 to $64.92 a barrel.
Currency moves accompanied the equity decline. The Russian ruble weakened against major currencies, with USD/RUB up 1.36% at 76.52 and EUR/RUB rising 1.82% to 90.91. The US Dollar Index Futures traded lower as well, down 0.57% at 96.85.
Separately, a note on portfolio selection and market tools reflected product performance figures: the communication highlighted that, year to date, two out of three global portfolios were outperforming their benchmark indexes, with 88% of portfolios in positive territory. It also cited that the flagship Tech Titans strategy had outpaced the S&P 500 over an 18-month span, with notable performers referenced in that strategy's results.
This session's market action illustrates uneven sectoral performance in Moscow, with energy-related names and major oil producers among the notable decliners while select industrial and e-commerce stocks posted gains.