Russia Stocks Rise at Market Close; MOEX Russia Up 0.88%

After the market closed on Friday, stocks in Russia experienced an uptick, driven by gains across various sectors.

In Moscow, the index rose by 0.88%, reaching a new one-month high.

Among the top performers was Magnit, which saw a significant increase of 5.54%, or 310.50 points, closing at 5,915.50. PIK followed, climbing 3.80%, or 24.20 points, to finish at 661.50, while VK Company Ltd DRC added 3.35%, or 12.00 points, ending at 369.80.

On the downside, GMK Norilskiy Nikel PAO experienced a drop of 1.51%, or 1.70 points, closing at 109.50. Novolipetsk Steel PAO fell by 1.03%, or 1.54 points, settling at 148.46, and Yandex NV declined by 0.92%, or 38.00 points, to finish at 4,099.50.

Overall, advancing stocks outnumbered decliners on the Moscow Stock Exchange, with 193 rising against 56 that fell, while 6 remained unchanged.

The index reflecting implied volatility of MOEX Russia options decreased by 1.47%, reaching a new one-month low of 28.14.

In commodities, gold futures for December delivery rose by 1.25%, or 32.60, to $2,647.20 per troy ounce. Crude oil for November delivery inched up by 0.13%, or 0.09, to $71.25 per barrel, whereas the November Brent oil contract saw a slight decline of 0.23%, or 0.17, trading at $74.71 per barrel.

In the currency market, the USD/RUB pair increased by 0.19%, reaching 92.35, and EUR/RUB rose by 0.21% to 103.10.

The US Dollar Index Futures also showed modest growth, up 0.13% at 100.45.