MOEX Russia Index Gains 0.44%, Lifted by Power and Mining Sectors

Russian stocks ended Tuesday's session in positive territory, with the benchmark MOEX Russia Index advancing 0.44% by the close of trading in Moscow. The gains were primarily driven by strength in the power, mining, and manufacturing sectors.

Market Internals and Sector Performance

Despite the headline index gain, market breadth was negative, indicating that the rally was not widespread. According to data from the Moscow Stock Exchange, falling stocks outnumbered advancing ones by a margin of 123 to 112, while 20 stocks finished the day unchanged.

Investor sentiment saw a marginal increase in caution, as the Russian Volatility Index (RVI), which measures the implied volatility of MOEX options, edged up 0.09% to 33.23.

Top Stock Movers

The session's top performer on the index was Moscow Exchange PJSC (MCX:MOEX), which saw its shares climb 2.77%. Other notable gainers included:

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• ROSSETI PJSC (MCX:FEES): up 2.31%
• VK Company Ltd (MCX:VKCO): up 1.67%

Conversely, several blue-chip stocks weighed on the market. The worst performers included telecommunications firm Mobil’nye Telesistemy PJSC (MCX:MTSS), which fell 2.15%, diamond producer AK ALROSA PJSC (MCX:ALRS), down 1.90%, and oil giant Rosneft PJSC (MCX:ROSN), which shed 1.56%.

Commodities and Currencies

In the broader markets, energy prices declined, with Crude oil for November delivery falling 3.95% to $88.94 a barrel. The Russian ruble, however, remained stable against major currencies, with both the USD/RUB and EUR/RUB pairs closing unchanged, according to market data.