Russia's stock market closed with a small advance on Monday, driven primarily by strength in energy, industrial and telecom companies.
At the end of trading in Moscow the MOEX Russia Index was up 0.05%.
Top performers
- TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p) led gains on the benchmark, rising 2.17% or 12.10 points to finish at 569.80.
- TATNEFT n.a. V.D. Shashin (MCX:TATN) also advanced, adding 1.53% or 9.10 points to close at 604.00.
- LUKOIL PJSC (MCX:LKOH) was higher by 1.36% or 74.50 points, ending the session at 5,551.00.
Lagging names
- AK ALROSA PJSC (MCX:ALRS) was among the weakest, falling 2.37% or 0.71 points to close at 29.25.
- Magnit PJSC (MCX:MGNT) declined 2.31% or 64.00 points to end at 2,704.50.
- PhosAgro PJSC (MCX:PHOR) slid 2.15% or 151.00 points to 6,868.00.
On the Moscow Stock Exchange, decliners outnumbered advancers by a margin of 187 to 56, while 8 stocks finished unchanged.
Notably, shares of AK ALROSA PJSC and Magnit PJSC both fell to five-year lows during the session, with ALRS down to 29.25 and MGNT down to 2,704.50.
Volatility and commodities
The Russian Volatility Index - RVI, which measures implied volatility for MOEX Russia Index options, rose 1.79% to 22.71.
Commodity markets showed a mixed picture. Gold futures for June delivery fell 0.91% or 43.20 to $4,697.70 a troy ounce. In the oil complex, crude for June delivery gained 2.42% or 2.28 to $96.68 a barrel, while the July Brent contract edged down 0.01% or 0.01 to trade at $101.87 a barrel.
Foreign exchange and U.S. dollar
Exchange rates were steady out of Moscow: USD/RUB was unchanged at 74.88 and EUR/RUB was unchanged at 87.77. The U.S. Dollar Index Futures was down 0.04% at 98.33.
This session reflected a narrow net gain for the benchmark driven by selective strength in energy and industrial names, offset by heavier pressure on several large-cap miners and retailers. Rising implied volatility and mixed commodity moves added layers of uncertainty into market conditions as the day closed.