Russia Stocks Rise at Market Close; MOEX Russia Up 1.28%

Russian stocks experienced an increase following the market close on Monday, driven by gains across various sectors.

In Moscow, the index climbed 1.28%, reaching a new one-month high.

The top performers included Gazprom PAO, which surged by 6.47% or 7.92 points, finishing at 130.32. Aeroflot also had a strong session, rising 4.18% or 2.21 points to close at 55.04, while Ozon Holdings PLC saw an uptick of 3.50% or 117.50 points, ending the day at 3,478.50.

Conversely, the worst performers included PIK, which dropped 1.94% or 12.80 points to close at 647.60. Surgut-pref declined by 1.04% or 0.58 points, finishing at 55.05, and Magnit fell 0.76% or 45.00 points to end at 5,874.50.

Overall, advancing stocks outnumbered decliners on the Moscow Stock Exchange, with 214 stocks rising against 29 declines, while 13 remained unchanged.

The implied volatility index measuring Russian options dipped by 2.42%, settling at 28.99.

In commodity markets, Gold Futures for December delivery increased by 0.26% or 7.00 points to reach $2,653.20 per troy ounce. However, crude oil prices for November delivery fell by 0.38% or 0.27, hitting $70.73 per barrel, and the December Brent oil contract declined by 0.12% or 0.09 to trade at $73.47 per barrel.

In currency markets, the USD/RUB exchange rate decreased by 0.01% to 91.47, while the EUR/RUB rose by 0.02% to 101.66.

Additionally, the US Dollar Index Futures saw a gain of 0.23%, reaching 100.65.