Overview of Market Performance#
On Monday, Russian stocks closed lower, with the MOEX Russia Index dropping by 1.29%. This decline was primarily influenced by losses in the Mining, Power, and Oil & Gas sectors, which are critical components of the Russian economy.
Notable Gainers and Losers#
Among the stocks on the MOEX Russia Index, PIK SHb PJSC saw the most significant gain, rising by 3.67% or 17.40 points to close at 491.50. Aeroflot PJSC also experienced a modest increase of 0.74%, ending at 50.45. In contrast, the biggest losers included Magnitogorskiy Metallurgicheskiy Kombinat PAO, which fell by 3.97% to 27.60, and Surgutneftegas PJSC Pref, down 3.95% to 46.87. OZON also saw a decline of 3.25%, closing at 4,361.00.
Market Breadth#
The overall market sentiment was negative, with 205 stocks declining compared to just 42 that rose, while 6 stocks remained unchanged on the Moscow Stock Exchange. This indicates a significant imbalance favoring declining stocks.
Volatility and Commodities#
The Russian Volatility Index (RVI), which gauges expected market fluctuations, increased by 1.33% to 25.10. In commodities, Gold Futures for June delivery fell by 3.63% to $4,442.30 per troy ounce. Crude oil prices also saw a decline, with May delivery down 9.53% to $88.87 per barrel, while the June Brent oil contract slightly increased by 0.18% to $96.67 per barrel. Currency exchange rates remained stable, with the USD/RUB and EUR/RUB both unchanged at 82.81 and 95.16, respectively.