Economy

Add as a preferred source on Google

Russian Stocks Flat as VTB, MOEX Lead Gains Amid Volatile Commodity Moves

Russian equities closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00%. Market activity saw mixed performances among major stocks, as gains in financials and metals offset minor losses elsewhere. …

Updated 2 min read
Russian Stocks Flat as VTB, MOEX Lead Gains Amid Volatile Commodity Moves. Source: Image by Gerd Altmann from Pixabay
Russian Stocks Flat as VTB, MOEX Lead Gains Amid Volatile Commodity Moves. Source: Image by Gerd Altmann from Pixabay

Read the original article

Russian equities closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00%. Market activity saw mixed performances among major stocks, as gains in financials and metals offset minor losses elsewhere.

Bank VTB PJSC (MCX:VTBR) emerged as the top performer, climbing 2.17% to 82.76. Moskovskaya Birzha PJSC (MCX:MOEX) followed with a 1.84% gain to 177.20, while MMC Norilsk Nickel PJSC (MCX:GMKN) advanced 1.68% to close at 117.30, buoyed by investor sentiment in the mining sector.

Conversely, diamond miner AK ALROSA PJSC (MCX:ALRS) slipped 0.19% to 46.46. Fertilizer giant PhosAgro PJSC (MCX:PHOR) declined 0.16% to 6,247.00, and Moskovskiy Kreditnyi Bank (MCX:CBOM) edged down 0.14% to 7.05.

Overall, advancing stocks outnumbered decliners on the Moscow Exchange, with 124 stocks gaining, 23 losing, and 2 closing flat. The Russian Volatility Index (RVI), tracking implied market volatility via MOEX options, remained unchanged at 30.06.

In commodities, gold futures for August rose 0.39% to $3,358.30 per troy ounce, driven by ongoing global uncertainty. Crude oil prices slipped, with August WTI down 0.30% to $67.34 per barrel, and September Brent declining 0.35% to $69.28, reflecting cautious sentiment in energy markets.

Currency markets showed the ruble weakening, with USD/RUB up 0.85% to 78.71 and EUR/RUB gaining 1.11% to 91.51. Meanwhile, the U.S. Dollar Index futures dropped 0.25% to 98.20, signaling mild pressure on the greenback amid broader market consolidation.

Related articles

View all