Russia's main stock gauge closed higher on Monday, driven by advances in energy and industrial names. At the close in Moscow the MOEX Russia Index rose 1.32%.
Market breadth was slightly positive, with 126 issues finishing higher against 118 decliners on the Moscow Stock Exchange; seven stocks ended unchanged.
Top performers on the MOEX Russia Index included:
- TATNEFT n.a. V.D. Shashin (MCX:TATN) - up 3.29% (+19.90) to 625.50 at the close.
- Gazprom PJSC (MCX:GAZP) - rose 2.81% (+3.39) to end at 123.99.
- Magnit PJSC (MCX:MGNT) - up 2.28% (+55.50) to 2,487.50 in late trade.
Lagging names included:
- Polyus PJSC (MCX:PLZL) - down 1.26% (-26.80) to 2,093.20 at the close.
- AFK Sistema PJSC (MCX:AFKS) - fell 1.19% (-0.14) to finish at 11.61.
- PhosAgro PJSC (MCX:PHOR) - declined 0.85% (-57.00) to 6,652.00.
The Russian Volatility Index - RVI, which measures the implied volatility of options on the MOEX Russia Index, moved lower by 4.65% to 21.31.
Commodities showed mixed but generally positive moves during the session. Gold futures for June delivery climbed 0.20% (+8.90) to $4,570.80 a troy ounce. In the energy complex, crude oil for July delivery increased 1.46% (+1.47) to $102.49 a barrel, while the July Brent contract ticked up 0.31% (+0.34) to $109.65 a barrel.
On the currency front, USD/RUB was unchanged at 72.46 and EUR/RUB also held steady at 84.45. Elsewhere, the US Dollar Index Futures was down 0.30%, trading at 98.91.
This session’s moves showed strength in sectors cited as leading the market higher - Oil & Gas, Power and Manufacturing - while a number of large-cap names posted declines. The shift in the implied volatility gauge and the movement in key commodity prices were notable features of the trading day.