Menu

Search

  |   Economy

Menu

  |   Economy

Search

Russian Stocks Flat as MOEX Index Stalls, Commodities Mixed

Russian Stocks Flat as MOEX Index Stalls, Commodities Mixed. Source: Photo by Antoni Shkraba Studio

Russian equities closed flat on Saturday, with the MOEX Russia Index posting no change at 0.00%. Market activity remained muted, with top-traded stocks like AFK Sistema PJSC (MCX:AFKS), Aeroflot PJSC (MCX:AFLT), and ROSSETI PJSC (MCX:FEES) all ending the session unchanged. Each of these companies recorded 0.00% movement, reflecting low volatility and limited investor action across the board.

Interestingly, the same stocks were listed as both top gainers and worst performers, underlining a session that lacked momentum or direction. The Moscow Stock Exchange recorded no advancing or declining stocks, emphasizing the stagnant trading environment.

The Russian Volatility Index (RVI), a key gauge of market sentiment, also showed no movement, holding steady at 31.48. This suggests investor indecision and a cautious approach in response to broader geopolitical or economic uncertainties.

In commodity markets, gold futures for August delivery fell by 0.66% to $3,385.70 per troy ounce, signaling weaker demand for safe-haven assets. Crude oil for August edged up 0.46% to $73.84 a barrel, while Brent crude slipped 2.33% to settle at $77.01 per barrel, highlighting ongoing fluctuations in global energy markets.

Currency markets saw modest shifts, with the USD/RUB rising 0.16% to 78.50 and the EUR/RUB climbing 0.40% to 90.45. Meanwhile, the US Dollar Index fell slightly by 0.19% to 98.28, reflecting some weakness in the greenback amid shifting global economic signals.

Overall, Saturday's session was marked by a lack of trading activity and minimal price movement in Russian equities, despite notable changes in commodities and currency markets. Investors continue to monitor global market trends for clearer direction.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.