Russia's main stock gauge closed higher on Sunday as gains in the Mining, Power and Oil & Gas sectors provided upward momentum across the market. At the close in Moscow, the MOEX Russia Index climbed 0.75%.
The session's strongest performer on the MOEX Russia Index was GMK Noril’skiy Nikel’ PAO (MCX:GMKN), which advanced 4.81% - a 5.50-point increase - to finish at 120.00. Financial shares also posted gains: Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) rose 3.72% or 0.34 points to end at 9.35. Industrial names saw strength as Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) gained 3.52%, adding 0.72 points to close at 21.17.
On the downside, OZON (MCX:OZON) was the weakest name in the session, sliding 3.69% or 109.00 points to finish at 2,844.00. Retailer Magnit PJSC (MCX:MGNT) declined 1.02%, down 18.50 points to close at 1,802.50, while AK ALROSA PJSC (MCX:ALRS) slipped 0.96% or 0.20 points to 20.60.
Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 0 to 0.
Shares of Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) moved to fresh 52-week highs during the session, increasing 3.72% or 0.34 to end at 9.35.
Market volatility, as measured by the Russian Volatility Index - RVI, eased, with the index down 0.95% to 39.47.
Commodity markets were mixed. Gold Futures for December delivery fell 1.29% or 53.60 to $4,107.00 a troy ounce. In energy markets, crude oil for September delivery rose 1.29% or 1.08 to $84.67 a barrel, and the October Brent contract increased 1.22% or 1.09 to trade at $90.12 a barrel.
Currency pairs showed modest moves: USD/RUB was down 0.50% to 79.61, while EUR/RUB also fell 0.50% to 91.77. The US Dollar Index Futures was trading up 0.07% at 99.79.
Market wrap
- MOEX Russia Index closed +0.75%.
- Top gainers: GMKN (+4.81%), CBOM (+3.72%), MAGN (+3.52%).
- Largest decliners: OZON (-3.69%), MGNT (-1.02%), ALRS (-0.96%).
The session reflected selective strength in resource-linked and financial names, alongside mixed signals from commodities and currency markets.