Story
MOEX Russia Index Gains 0.61% on Strength in Power and Mining Sectors
Summary
Russia's benchmark stock index closed higher on Thursday, supported by gains in the power, mining, and manufacturing sectors. The advance came as the country's market volatility index fell to a three-month low.
Russian equities advanced at the close of trading on Thursday, with the benchmark MOEX Russia Index adding 0.61%. The rise was primarily supported by strength in the power, mining, and manufacturing sectors, according to market data.
Market Performance
The positive session on the Moscow Stock Exchange saw rising stocks outnumber declining ones by a margin of 123 to 114, with 18 stocks ending the day unchanged. The broad-based gains in key industrial sectors helped lift the overall market index.
Top Movers
Several companies saw significant price movements during the session. The day's top performers and laggards on the MOEX Russia Index included:
Ad- Leading Gainers: E-commerce firm OZON (MCX:OZON) was the top performer, rising 3.66%. It was followed by T Tekhnologii MKPAO (MCX:T), which added 3.58%, and Aeroflot PJSC (MCX:AFLT), up 3.35%.
- Leading Decliners: On the other side of the ledger, Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) fell 3.29%. Gold producer Polyus PJSC (MCX:PLZL) declined 0.89%, and Transneft PJSC Pref (MCX:TRNF_p) was down 0.60%.
Volatility and Commodity Markets
A key indicator of market sentiment, the Russian Volatility Index (RVI), fell 3.61% to 30.75. This marks a new three-month low for the index, which measures the implied volatility of MOEX options and suggests decreasing investor anxiety.
In commodities, energy prices were higher. Crude oil for November delivery rose 2.75% to $92.91 a barrel, while the December Brent contract gained 0.94% to $103.20 a barrel. Meanwhile, the USD/RUB and EUR/RUB currency pairs were reported as unchanged at 83.51 and 93.90, respectively.
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