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Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb

Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb. Source: Image by Steinar Hovland from Pixabay

Russian stocks closed mixed on Sunday, with the benchmark MOEX Russia Index finishing unchanged at 0.00% while remaining at its lowest level in three years. Despite the flat performance of the overall index, individual stocks posted notable gains and losses as investors continued to monitor market conditions, commodity prices, and currency movements.

Among the strongest performers on the MOEX Russia Index was Unipro PJSC, which advanced 2.68% to close at 1.00. Magnit PJSC also posted solid gains, rising 2.44% to finish at 1,844.00, while Novolipetsk Steel climbed 1.51% to end the trading session at 59.10.

On the downside, Moskovskiy Kreditnyi Bank PAO recorded the largest decline among major index components, slipping 1.30% to 8.19. GDR ROS AGRO PLC ordinary shares ended the day unchanged at 1,083.80, remaining at a 52-week low. PIK SHb PJSC was little changed, edging up just 0.02% to close at 545.50.

Market breadth remained positive despite the flat benchmark performance. On the Moscow Stock Exchange, advancing stocks significantly outnumbered declining issues, with 153 stocks gaining, 74 declining, and 15 finishing unchanged.

The Russian Volatility Index (RVI), which tracks the implied volatility of options tied to the MOEX Russia Index, also remained unchanged at 40.65, suggesting that investor expectations for near-term market volatility were largely stable.

In the commodities market, gold prices extended their rally. Gold futures for August delivery climbed 1.49%, gaining $61.60 to settle at $4,187.30 per troy ounce. Oil prices also moved higher, with August crude oil futures adding 0.13% to reach $68.78 per barrel. Meanwhile, September Brent crude futures rose 0.45% to trade at $72.12 per barrel.

Currency markets showed modest strength for the Russian ruble. The USD/RUB exchange rate declined 0.25% to 77.31, while EUR/RUB slipped 0.21% to 88.42. The US Dollar Index Futures finished unchanged at 100.62, reflecting limited movement in the broader US dollar against major global currencies.

Overall, the Russian stock market ended the session with a flat benchmark reading, although gains in select blue-chip stocks and rising commodity prices provided some support amid continued investor caution.

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