The MOEX Russia Index closed flat on Saturday, with individual stocks showing mixed performance; VK Company and AFK Sistema advanced, while PIK SHb and Surgutneftegas PJSC declined, with the latter hitting a 52-week low. In commodities, gold futures rose, but crude and Brent oil futures experienced significant declines of over 3.8%. Concurrently, the Russian Ruble depreciated against both the US Dollar and the Euro.
The MOEX Russia Index closed flat on Saturday, indicating a lack of clear directional momentum despite individual stock volatility. The market saw an equal number of advancing and declining stocks (105 each), with the Russian Volatility Index (RVI) remaining unchanged at 31.36, suggesting stable implied volatility amidst the mixed performance. Individual equities exhibited divergence, with VK Company Ltd (+1.03%), AFK Sistema PJSC (+0.77%), and TATNEFT n.a. V.D. Shashin Pref (+0.74%) leading gains. Conversely, PIK SHb PJSC (-1.16%), OK Rusal MKPAO (-0.53%), and notably Surgutneftegas PJSC (-0.72%), which hit a 52-week low, were among the session's worst performers. Commodity markets presented a mixed picture; Gold Futures for December delivery rose 0.70% to $4,000.40. However, energy prices saw significant declines, with November Crude oil falling 4.24% to $58.90 a barrel and December Brent oil dropping 3.82% to $62.73 a barrel. The Russian Ruble depreciated against major currencies, with USD/RUB increasing 0.55% to 81.63 and EUR/RUB rising 1.04% to 94.85. This occurred even as the US Dollar Index Futures declined 0.55% to 98.73, suggesting specific pressures on the Ruble rather than broad dollar strength.
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mixed
Sentiment Score
-0.15
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