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MOEX Russia Index Climbs 1.09% to 3-Month High on Sector Strength
Russia's benchmark MOEX Index advanced 1.09% at the close of trading on Monday, reaching a new three-month high. The gains were primarily driven by strong performance in the nation's power, mining, and oil and gas sectors.
Session Highlights
Market sentiment was broadly positive on the Moscow Stock Exchange, with rising stocks outnumbering declining ones by a margin of 170 to 74, while 10 stocks ended the session unchanged. The rally pushed the main index to its highest point in three months, reflecting investor confidence in key commodity-linked industries.
Meanwhile, the Russian Volatility Index (RVI), which measures the implied volatility of MOEX Russia Index options, rose slightly by 0.47% to 29.76.
Leading Stocks and Laggards
Several companies posted significant gains, leading the market higher. The session's top performers on the MOEX included:
Ad- Surgutneftegas PJSC (SNGS), which surged 5.33%.
- ROSSETI PJSC (FEES), which climbed 4.82%.
- Polyus PJSC (PLZL), which added 2.97%.
On the downside, PhosAgro PJSC (PHOR) was the session's worst performer, falling 1.87%. Major energy firms Gazprom PJSC (GAZP) and Rosneft PJSC (ROSN) posted more modest declines of 0.39% and 0.33%, respectively.
Commodity and Currency Markets
In the commodities space, price movements were mixed. Gold Futures for December delivery rose 0.58% to $4,031.00 a troy ounce. In energy, the January Brent oil contract edged up 0.10% to $110.31 a barrel, while Crude oil for December delivery fell 1.96% to $101.25 a barrel.
The currency market remained stable, with the USD/RUB and EUR/RUB pairs ending the session unchanged at 81.61 and 90.34, respectively, according to market data.
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