Russia's equity market ended higher on Tuesday, with the MOEX Russia Index finishing the session up 2.30% at the Moscow close. Advancers outpaced decliners by a wide margin on the Moscow Stock Exchange, where 216 issues rose, 26 fell and 12 were unchanged.
Top performers
- Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) led gains, jumping 19.70% or 2.37 points to close at 14.37. The share move marked an all-time high for the stock at the close.
- AK ALROSA PJSC (MCX:ALRS) added 9.46% or 1.71 points to finish at 19.79.
- Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) rose 7.02% or 1.34 points to close at 20.42.
Largest decliners and modest gainers
- PIK SHb PJSC (MCX:PIKK) was slightly higher, up 0.33% or 1.90 points to 572.90 at the close.
- Surgutneftegas PJSC Pref (MCX:SNGS_p) gained 0.55% or 0.23 points to end the session at 41.95.
- Polyus PJSC (MCX:PLZL) advanced 1.00% or 11.00 points to 1,115.80.
The session was characterized by strong participation among advancers and several large single-stock moves, most notably the near 20% jump in Moskovskiy Kreditnyi Bank and the double-digit percentage increase for ALROSA.
Volatility, commodities and currencies
The Russian Volatility Index - RVI, which measures implied volatility for MOEX Russia Index options, declined 12.47% to 45.33.
Commodity prices showed mixed direction on the day. Gold futures for December delivery fell 1.88% or $84.20 to $4,389.50 a troy ounce. In energy markets, US crude for October delivery rose 0.81% or $0.68 to $84.42 a barrel, while the October Brent contract edged down 0.04% or $0.04 to $91.29 a barrel.
Foreign exchange rates reported little movement for the Russian ruble in the instruments cited: USD/RUB was unchanged at 85.01 and EUR/RUB was unchanged at 98.40. Separately, the US Dollar Index Futures posted a small increase of 0.01% to 99.55.
Contextual note - Market breadth on the Moscow exchange favored risers substantially during the session, and several large percentage moves among individual names contributed to the headline gain for the MOEX Russia Index.