Russian Markets End Trading Session Flat as Energy Companies Face Pressure

Russian equities closed Friday’s trading session with minimal overall movement, as the benchmark MOEX Russia Index remained essentially flat, ending at 3,431.59 points. Meanwhile, the RTS Index, which tracks dollar-denominated securities, edged down by 0.21% to finish at 1,157.59 points.

Energy Sector Faces Significant Pressure

The energy sector was among the day’s worst performers, with several major oil and gas companies experiencing notable declines. Leading the downward trend was Surgutneftegas, which fell sharply by 2.05%. Other significant losses came from major energy players including Rosneft, which dropped 1.67%, and Gazprom, which slid 0.76% by session’s end.

These losses in the energy sector came despite relatively stable global oil prices, suggesting domestic factors or profit-taking may have influenced investor sentiment toward these companies.

Market Gainers Provide Counterbalance

Offsetting the weakness in energy stocks, several companies from various sectors posted significant gains. Among the day’s strongest performers was Mechel, which surged 1.82%. The metals and mining company’s rise helped mitigate broader market losses.

Additional strength came from Novatek, which advanced 1.48%, and Tatneft, climbing 1.01%. These positive movements across diverse sectors helped maintain overall market stability despite sectoral pressures.

Currency and Market Context

The Russian ruble showed moderate fluctuation against major currencies during the session. This currency movement likely contributed to the difference in performance between the ruble-denominated MOEX index and the dollar-based RTS index.

Trading volume remained within normal ranges, indicating a typical level of market participation without signs of unusual investor anxiety or exuberance.

The Moscow Exchange continues to navigate through a complex economic landscape influenced by both domestic economic policies and international market dynamics, with investors carefully weighing risks and opportunities across various sectors.