MOEX Russia Index Rises 1.6% to Hit One-Month High

Russian equities advanced at the close of trading on Monday, with the benchmark MOEX Russia Index climbing 1.60% to reach a new one-month high.

Market Performance

The broad-based rally on the Moscow Stock Exchange saw rising stocks significantly outnumber declining ones by a margin of 222 to 27, with 4 issues ending the session unchanged, according to exchange data. The advance was primarily led by gains in the power and mining sectors.

The Russian Volatility Index (RVI), which serves as a gauge for the implied volatility of MOEX Russia Index options, increased by 1.98% to 40.25, suggesting a rise in market expectations for future price swings.

Sector and Stock Movers

Several companies posted significant gains, contributing to the index's strong performance. Key movers included:

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• Federal Hydro Generating Company RusHydro PJSC (HYDR), which surged 6.87%.
• Magnitogorskiy Metallurgicheskiy Kombinat PAO (MAGN), a major steel producer, which added 5.76%.
• Aeroflot PJSC (AFLT), which climbed 5.71%.

In contrast, some of the country's largest energy firms lagged the broader market. Shares of LUKOIL PJSC (LKOH) fell 0.55%, while Rosneft PJSC (ROSN) declined by 0.24%.

Commodities and Currencies

In commodities trading, the October Brent oil contract, a key benchmark for Russia's crude exports, edged up 0.37% to trade at $83.86 a barrel. Meanwhile, Gold Futures for December delivery saw a slight increase of 0.09% to $4,110.90 per troy ounce.

In the foreign exchange market, the Russian ruble remained stable against major currencies. The USD/RUB was unchanged at 81.62, and the EUR/RUB was also flat at 92.57.