Story
MOEX Russia Index Closes Higher, Led by Energy Sector Gains
Russia's benchmark MOEX Index edged up 0.24% to close higher on Thursday, buoyed by strong performance in the nation's energy sector. The gains in heavyweight oil and gas stocks managed to lift the overall index, even as a majority of individual stocks on the Moscow Exchange ended the day in negative territory.
Sector and Stock Performance
The advance was primarily led by gains in the Oil & Gas, Manufacturing, and Telecoms sectors, according to market data. The session's top-performing stocks on the MOEX were dominated by energy giants:
- LUKOIL PJSC (LKOH) rose 2.58%.
- TATNEFT (TATN) gained 2.29%.
- Rosneft PJSC (ROSN) was up 1.63%.
However, the rally was not broad-based. Declining stocks significantly outnumbered advancing ones on the Moscow Stock Exchange by a margin of 192 to 59, with 2 issues ending unchanged. The session's worst performers included diamond miner AK ALROSA PJSC (ALRS), which fell 7.13%, and gold producer Polyus PJSC (PLZL), which declined 5.90%.
AdBroader Market Context
Supporting the energy sector, crude oil prices saw gains. West Texas Intermediate (WTI) crude for September delivery rose 3.78% to $86.80 a barrel, while the Brent oil contract for September delivery increased 0.18% to trade at $100.72 a barrel. In contrast, gold futures for August delivery were down 2.40%.
In currency markets, the USD/RUB and EUR/RUB pairs were reported as unchanged at 79.24 and 89.09, respectively. Meanwhile, an indicator of market sentiment, the Russian Volatility Index (RVI), which measures the implied volatility of MOEX options, decreased by 1.38% to 49.18, suggesting a slight easing of expected market turbulence.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.