Russian stocks finished Tuesday's trading session in positive territory, supported by strength in the Power, Oil & Gas and Manufacturing sectors. At the close in Moscow, the MOEX Russia Index was up 0.63%.
The top performers on the MOEX Russia Index included NOVATEK PJSC (MCX:NVTK), which advanced 5.34% or 48.10 points to close at 949.00. LUKOIL PJSC (MCX:LKOH) also posted strong gains, rising 5.25% or 213.00 points to end the day at 4,273.00. Rosneft PJSC (MCX:ROSN) gained 5.16% or 15.50 points to finish at 316.00.
At the other end of the tape, PIK SHb PJSC (MCX:PIKK) led the decliners, slipping 2.26% or 13.40 points to close at 580.20. GMK Noril'skiy Nikel' PAO (MCX:GMKN) fell 1.90% or 2.50 points to 127.80, while AFK Sistema PJSC (MCX:AFKS) was down 0.79% or 0.10 points to 12.67.
Market breadth favored advances: rising stocks outnumbered decliners on the Moscow Stock Exchange by 177 to 68, with 6 issues unchanged at the close.
Volatility measured by the Russian Volatility Index - RVI increased 3.86% to 41.17, marking a new six-months high for implied volatility on MOEX Russia Index options.
Commodities moved lower during the session. Gold Futures for August delivery fell 1.75% or 73.70 to $4,129.00 a troy ounce. In energy markets, Crude oil for August delivery declined 1.10% or 0.81 to $73.05 a barrel, and the September Brent oil contract was unchanged at $76.60 a barrel.
On the currency front, USD/RUB was unchanged at 74.63 and EUR/RUB held steady at 84.78. The US Dollar Index Futures was up 0.37% at 101.17.
Market context and implications
The trading day was characterized by significant outperformance among large-cap energy names, which contributed materially to the MOEX Russia Index's advance. At the same time, the uptick in the RVI suggests elevated option-implied uncertainty even as prices finished higher. Commodity prices, including gold and crude oil, moved lower on the session, with no change recorded for the September Brent contract.
Session data
- MOEX Russia Index change: +0.63%
- Top gainers: NVTK +5.34% (949.00), LKOH +5.25% (4,273.00), ROSN +5.16% (316.00)
- Top losers: PIKK -2.26% (580.20), GMKN -1.90% (127.80), AFKS -0.79% (12.67)
- RVI: +3.86% to 41.17 (six-months high)
- Gold (Aug): -1.75% to $4,129.00/oz
- Crude (Aug): -1.10% to $73.05/bbl; Brent (Sep): unchanged at $76.60/bbl
- USD/RUB: 74.63 (unchanged); EUR/RUB: 84.78 (unchanged)
- US Dollar Index Futures: 101.17 (+0.37%)
This report summarizes market moves and session data without drawing conclusions beyond the facts recorded at the close of trading.