Russian stocks finished the trading day in positive territory on Monday, with the MOEX Russia Index rising 2.19% at the close in Moscow. Gains were concentrated in the Mining, Power and Oil & Gas sectors, which led the market higher.
Top movers
The session's strongest performer on the MOEX Russia Index was Unipro PJSC (MCX:UPRO), which climbed 14.28% - an increase of 0.13 points - to close at 1.07. Polyus PJSC (MCX:PLZL) also posted a notable rise, adding 9.03% or 110.80 points to finish at 1,338.00. OZON (MCX:OZON) advanced 7.97%, gaining 211.00 points to end the day at 2,858.00.
Lagging names
Not all stocks participated in the rally. Rosneft PJSC (MCX:ROSN) was among the session's largest decliners, falling 3.72% or 13.10 points to close at 339.20. TATNEFT n.a. V.D. Shashin (MCX:TATN) declined 3.18% - a drop of 16.40 points - to finish at 499.70, while TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p) slipped 2.13% or 10.30 points to 473.70.
Market breadth and volatility
Advancers outpaced decliners on the Moscow Exchange by 204 to 46, with 3 stocks unchanged at the close. The Russian Volatility Index - RVI, which measures the implied volatility of MOEX Russia Index options, increased 0.31% to 48.00, signaling a modest rise in implied market volatility.
Commodities and currencies
Commodity markets were mixed. Gold futures for August delivery rose 0.19% or $7.80 to $4,078.60 a troy ounce. Crude oil for September delivery fell sharply, down 6.47% or $5.51, to $79.64 a barrel. By contrast, the October Brent oil contract inched higher by 0.19% or $0.16 to trade at $85.54 a barrel.
Currency pairs versus the ruble were unchanged at the close: USD/RUB held steady at 78.27 (0.00%), and EUR/RUB remained at 88.72 (0.00%). The US Dollar Index Futures was up 0.08% at 101.39.
Context for investors
Monday's session saw broad participation from key resource and utility sectors, which supported the MOEX Russia Index's 2.19% gain. The simultaneous rise in the RVI suggests that market participants priced in slightly higher option-implied uncertainty even as most stocks advanced. Moves in crude oil contrasted with gains in gold and Brent, underscoring uneven commodity flows during the session.
Data points and price moves reported are as stated for the close of trading in Moscow on Monday.