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Russian stocks fall as MOEX index ends flat; Magnit, PhosAgro lead declines

Moscow-listed equities retreated in Sunday trading, with 192 decliners outnumbering 38 advancers, while the MOEX Russia Index closed unchanged. AFK Sistema, Magnit and PhosAgro posted the largest percentage losses.

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Priya Anand · Equities & Earnings Desk · 23 Aug 2026 · 21:54 · 1 min read
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Russian stocks fall as MOEX index ends flat; Magnit, PhosAgro lead declines

Russian shares ended lower on Sunday as broad selling pressure outweighed a handful of gains, with the MOEX Russia Index finishing flat at 0.00%.

Declining issues totaled 192 against 38 advancers, while 18 stocks were unchanged at the close of trading in Moscow.

The MOEX Russia Index’s stability masked divergent sector performance, with heavyweights such as AFK Sistema PJSC leading losses. The conglomerate’s shares fell 3.12% to 7.89, while Magnit PJSC dropped 3.12% to 1,586.00 and PhosAgro PJSC declined 3.04% to 5,161.00.

Among the few gainers, Surgutneftegas PJSC preferred shares edged down 0.23% to 39.88, while Transneft PJSC preferred shares fell 0.41% to 1,013.00. PIK SHb PJSC also slipped 0.64% to 589.50.

The Russian Volatility Index held steady at 44.81, unchanged from the prior session, while the U.S. Dollar Index futures rose 0.05% to 98.77.

Currency movements showed the ruble weakening against the dollar, with USD/RUB up 0.16% at 83.88, while the euro firmed 1.28% against the ruble to 96.56.

Commodities diverged, with December gold futures climbing 1.97% to $4,661.60 per troy ounce, while October WTI crude fell 0.22% to $86.64 per barrel. November Brent crude futures, however, rose 0.16% to $92.67 per barrel.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Priya Anand
Equities & Earnings Desk

Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.

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