Russia's equity market closed higher on Friday, with the MOEX Russia Index registering a 0.53% gain as sector strength in Mining, Power and Oil & Gas helped lift the market.
Market close and top movers
At the close in Moscow, the MOEX Russia Index was up 0.53%. The session's strongest performer on the index was GMK Noril’skiy Nikel’ PAO (MCX:GMKN), which climbed 4.91% - an increase of 5.60 points - to finish at 120.10. Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) rose 3.73% or 0.34 points to end at 9.35, while Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) gained 3.67% or 0.75 points to close at 21.20.
Notable laggards
On the downside, OZON (MCX:OZON) fell 3.69% or 109.00 points to close at 2,844.00. Magnit PJSC (MCX:MGNT) declined 0.99% or 18.00 points to 1,803.00, and AK ALROSA PJSC (MCX:ALRS) slipped 0.96% or 0.20 points to finish at 20.60.
Breadth and extremes
Advancing issues outnumbered decliners on the Moscow Stock Exchange, with 157 stocks higher, 87 lower and 9 unchanged. Shares of Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) reached a 52-week high, rising 3.73% to 9.35.
Volatility and indexes
The Russian Volatility Index - RVI, which reflects implied volatility on MOEX Russia Index options, decreased 0.95% to 39.47. The US Dollar Index Futures was down 0.05% at 99.67.
Commodities and currency moves
Commodity markets were mixed during the session. Gold Futures for August delivery fell 1.49% or 62.00 to $4,098.60 a troy ounce. In contrast, crude oil contracts were higher: September delivery crude rose 3.17% or 2.56 to $83.36 a barrel, while the October Brent contract increased 3.22% or 2.80 to trade at $89.68 a barrel.
Currency pairs also moved: USD/RUB rose 0.29% to 80.23, while EUR/RUB fell 0.40% to 91.85.
Implications for market participants
The session's gains were concentrated in resource and energy-related names, with notable outperformance from mining and industrial names, while select consumer and technology-related stocks showed weakness. Implied volatility eased modestly even as commodity prices diverged between precious metals and crude oil.