Russia Stocks Higher at Close of Trade; MOEX Russia Up 1.84%

Russia’s stock market saw gains after the close on Tuesday, with advancements in various sectors driving shares higher.

At the end of the trading day in Moscow, the benchmark index increased by 1.84%, reaching a new one-month high.

Leading the gains was Gazprom PAO, which surged 7.18%, or 9.36 points, closing at 139.71. GMK Norilskiy Nikel PAO followed with a 4.42% increase, adding 4.90 points to end at 115.20. NOVATEK also performed well, rising 3.95%, or 39.60 points, to finish at 1,041.00.

On the other hand, the laggards included Aeroflot, which decreased by 1.42%, or 0.78 points, closing at 54.22. Novolipetsk Steel PAO saw a decline of 1.39%, down 2.08 points to 147.96, while PhosAgro experienced a drop of 1.18%, or 61.00 points, to 5,130.00.

Overall, advancing stocks outnumbered decliners on the Moscow Stock Exchange, with 124 issues rising compared to 121 that fell, and 9 stayed unchanged.

The volatility index, reflecting the implied volatility of Russian options, increased by 0.64% to reach 28.13, a new one-month low.

In commodities, December gold futures rose by 1.12%, or 29.60, to $2,682.10 per ounce. Crude oil for November delivery climbed 1.66%, or 1.17, to $71.54 a barrel. Meanwhile, the December Brent oil contract remained stable at $74.46 per barrel.

Currency movements saw the USD/RUB drop by 0.03% to 92.77, while EUR/RUB declined by 0.01% to 103.73. Additionally, the US Dollar Index Futures fell by 0.51%, settling at 100.04.