Russian stocks closed lower on Saturday, with the MOEX Russia Index dropping 2.71%, marking a one-month low. The decline was led by sharp losses in the oil, gas, telecom, and mining sectors, reflecting broader market weakness amid falling commodity prices.
Despite the bearish trend, a few stocks managed to post gains. PhosAgro PJSC (MCX:PHOR) rose 1.80% to 5,932.00, supported by investor interest in the fertilizer producer. PIK SHb PJSC (MCX:PIKK) added 1.46%, ending at 501.00, while Magnit PJSC (MCX:MGNT) climbed 1.23% to close at 4,470.00.
However, losses outweighed gains on the Moscow Stock Exchange, with 48 stocks declining compared to 29 gainers. The session’s biggest loser was ADS Ozon Holdings PLC (MCX:OZONDR), plunging 6.30% to 3,486.50. TATNEFT (MCX:TATN) dropped 1.63% to 608.10, and national airline Aeroflot (MCX:AFLT) slipped 1.35% to 65.56.
Volatility eased slightly, with the Russian Volatility Index (RVI) down 0.58% to 49.43, signaling reduced market uncertainty despite the sharp index drop.
Commodity markets also faced heavy selling. Gold futures for June delivery declined 2.76% to $3,035.40 per troy ounce. Crude oil for May delivery plunged 7.41% to $61.99 per barrel, while Brent crude for June shed 6.50% to $65.58.
In currency markets, the US dollar gained ground against the ruble, with USD/RUB rising 0.47% to 84.50. EUR/RUB edged lower by 0.39% to 92.57. Meanwhile, the US Dollar Index rose 0.95% to 102.77, reflecting overall greenback strength.


U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Thailand Inflation Remains Negative for 10th Straight Month in January
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 



