Stock Markets May 21, 2026 05:20 PM

MOEX Russia Index Closes Higher as Oil & Gas, Power and Mining Lead Gains

Index up 0.95% at Moscow close; mixed breadth and commodity moves mark session

By Avery Klein HYDR

Russian equities ended the trading day higher, with the MOEX Russia Index rising 0.95% at the close in Moscow. Advances were concentrated in the Oil & Gas, Power and Mining sectors. Individual movers included VK Company, Moskovskiy Kreditnyi Bank and Aeroflot among the top gainers, while United Company Rusal and Rosneft were notable decliners. Market breadth was narrowly negative and implied volatility slipped.

MOEX Russia Index Closes Higher as Oil & Gas, Power and Mining Lead Gains
HYDR

Key Points

  • MOEX Russia Index closed up 0.95% at the Moscow session close, led by gains in Oil & Gas, Power and Mining sectors.
  • Top individual winners included VK Company (VKCO), Moskovskiy Kreditnyi Bank (CBOM) and Aeroflot (AFLT); notable laggards included United Company Rusal (RUAL) and Rosneft (ROSN).
  • Market breadth was slightly negative with 122 decliners, 115 advancers and 13 unchanged; implied volatility (RVI) fell 2.52% to 21.70.

Russian equities finished the session higher on Thursday, with the MOEX Russia Index recording a 0.95% gain at the close in Moscow. Sector-level strength in Oil & Gas, Power and Mining supported the broader advance.

Among individual names, VK Company Ltd (MCX:VKCO) was the session's best performer on the MOEX Russia Index, rising 4.10% - a 9.70 point increase - to finish at 246.05. Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) gained 2.95%, adding 0.18 points to close at 6.28. Aeroflot PJSC (MCX:AFLT) rose 2.78%, or 1.30 points, to end the day at 48.03.

On the other end of the leaderboard, United Company Rusal IPJSC (MCX:RUAL) fell 1.45%, a decline of 0.52 points, to close at 35.25. Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR) was listed among the session's weaker names and was unchanged 1.01% or 0.00 points to end at 0.38. Rosneft PJSC (MCX:ROSN) declined 0.78%, or 3.15 points, finishing the day at 400.70.

Market breadth on the Moscow Stock Exchange was narrowly negative at the close: 122 stocks fell versus 115 that advanced, while 13 issues finished unchanged.

Implied volatility, as measured by the Russian Volatility Index - RVI - moved lower during the session, falling 2.52% to 21.70.

Commodities and FX moved modestly alongside equity flows. Gold futures for June delivery declined 0.30%, a drop of 13.80, to $4,544.20 a troy ounce. In energy markets, crude oil for July delivery fell 0.26% - down 0.26 - to $98.00 a barrel, while the July Brent contract slipped 0.09%, or 0.09, to $104.84 a barrel.

On the currency front, USD/RUB was unchanged at 71.21 and EUR/RUB was unchanged at 82.72. The US Dollar Index Futures moved up 0.15% to 99.17.


Summary of notable moves:

  • Top gainers: VKCO (+4.10% to 246.05), CBOM (+2.95% to 6.28), AFLT (+2.78% to 48.03).
  • Top decliners: RUAL (-1.45% to 35.25), HYDR (unchanged to 0.38), ROSN (-0.78% to 400.70).
  • Index movement: MOEX Russia Index +0.95% at the close in Moscow.

Risks

  • Narrow negative breadth despite an index gain - 122 stocks declined while 115 advanced and 13 were unchanged - indicating uneven participation across the market.
  • Movements in key commodities were mixed: gold futures fell 0.30% and both crude and Brent contracts edged lower, which may affect resource and energy sector returns.
  • Implied volatility declined - the RVI dropped 2.52% to 21.70 - which could reflect lower option-implied uncertainty but may also mask short-term swings.

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