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MOEX Russia Index Ends Flat as Gazprom Gains and Gold Prices Surge

MOEX Russia Index Ends Flat as Gazprom Gains and Gold Prices Surge. Source: Image by Robert Owen-Wahl from Pixabay

Russian stocks closed mixed on Sunday, with the MOEX Russia Index finishing unchanged at the end of trading in Moscow. Despite limited movement in the benchmark index, individual stocks posted notable gains and losses, reflecting selective investor activity across key sectors of the Russian stock market.

Among the top performers on the MOEX Russia Index was Gazprom PJSC (MCX:GAZP), which advanced 1.52% or 1.92 points to close at 127.85. Mobil’nye Telesistemy PJSC (MCX:MTSS) also recorded solid gains, rising 0.85% or 2.00 points to end at 236.75. Aeroflot PJSC (MCX:AFLT) followed with an increase of 0.61%, adding 0.34 points to settle at 55.96. These gains helped offset broader market weakness and supported overall market stability.

On the downside, Bank VTB PJSC (MCX:VTBR) declined 0.32% or 0.28 points to close at 88.60. Magnit PJSC (MCX:MGNT) slipped 0.19% or 6.50 points to 3,337.00, while Sberbank Rossii PJSC (MCX:SBER) edged down 0.15% or 0.46 points to finish at 313.54. Despite these losses, market breadth remained positive, with 158 stocks advancing compared to 75 decliners, while 15 shares ended the session unchanged on the Moscow Stock Exchange.

The Russian Volatility Index (RVI), which tracks implied volatility on MOEX Russia Index options, remained steady at 24.99, signaling stable investor sentiment.

In the commodities market, gold futures for April delivery jumped 1.67%, climbing $83.50 to $5,080.90 per troy ounce, reflecting strong demand for safe-haven assets. Crude oil for April delivery dipped 0.06% to $66.39 per barrel, while Brent oil for May edged up 0.14% to $71.30 per barrel.

In currency trading, USD/RUB slipped 0.03% to 76.72, while EUR/RUB rose 0.04% to 90.39. The US Dollar Index futures fell 0.13% to 97.73, highlighting modest weakness in the greenback.

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