Russian stocks closed higher on Tuesday in Moscow, driven by advances in Oil & Gas, Manufacturing and Telecoms. The MOEX Russia Index ended the session with a gain of 0.46%.
Top performers
- TATNEFT n.a. V.D. Shashin (MCX:TATN) led gains, finishing up 3.83% or 22.70 points at 614.70.
- Surgutneftegas PJSC (MCX:SNGS) added 3.34% or 0.53 points to close at 16.41.
- TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p) rose 3.29% or 18.80 points to 591.00 in late trade.
Largest decliners
- Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) fell 2.75% or 0.65 points, ending the day at 23.03.
- ROSSETI PJSC (MCX:FEES) was recorded as unchanged 2.04% or 0.00 points to end at 0.05.
- Magnit PJSC (MCX:MGNT) slipped 2.01% or 34.00 points to 1,655.00.
On the Moscow Stock Exchange, declining issues outnumbered advancing ones by 136 to 107, while 12 stocks finished unchanged.
Volatility and indices
The Russian Volatility Index - RVI, which tracks implied volatility for options on the MOEX Russia Index, moved higher by 0.65% to 37.34.
Commodities and energy
- Gold Futures for December delivery fell 1.71% or 76.60 to $4,400.00 a troy ounce.
- Crude oil for October delivery strengthened 3.03% or 2.77 to $94.25 a barrel.
- The November Brent oil contract rose 0.01% or 0.01 to trade at $99.33 a barrel.
Foreign exchange and related benchmarks
- USD/RUB was unchanged at 85.85 (0.00%).
- EUR/RUB was unchanged at 99.79 (0.00%).
- The US Dollar Index Futures was reported down 0.34% at 98.82.
Market-level Summary: the MOEX Russia Index finished higher amid sector-specific strength in oil and telecom-related names, while select industrial and retail names underperformed. Volatility showed a modest uptick and commodity prices moved unevenly, with crude oil higher and gold lower.