Russia's equity benchmark ended the trading day with modest gains on Monday, with the MOEX Russia Index rising 0.38% at the close in Moscow. Strength in the Power, Oil & Gas and Manufacturing sectors helped lift the index, though market breadth was narrowly negative.
Top performers on the MOEX Russia Index included OZON (MCX:OZON), which advanced 2.14% or 93.50 points to finish at 4,464.50. VK Company Ltd (MCX:VKCO) added 2.02% or 5.50 points to close at 277.15, and OK Rusal MKPAO (MCX:RUAL) rose 1.96% or 0.76 points to end the session at 39.37.
On the downside, Magnit PJSC (MCX:MGNT) led declines among major names, falling 2.46% or 74.50 points to trade at 2,959.00 at the close. Polyus PJSC (MCX:PLZL) slipped 2.06% or 44.60 points to finish at 2,121.00, and AK ALROSA PJSC (MCX:ALRS) lost 1.72% or 0.61 points to close at 34.83.
Overall, declining issues slightly outnumbered advancing ones on the Moscow Stock Exchange, with 123 names down versus 120 that gained, while 8 securities ended unchanged.
AK ALROSA PJSC (MCX:ALRS) was noted for reaching a five-year low during the session, closing at 34.83 after the 1.72% drop.
Implied volatility on MOEX options, as measured by the Russian Volatility Index - RVI, increased 1.25% to 24.29, indicating a modest rise in option-implied uncertainty around the index.
In commodities markets, June gold futures were up 0.36% or 16.10 to $4,540.40 a troy ounce. Crude oil for May delivery rose sharply, gaining 5.39% or 5.37 to trade at $105.01 a barrel, while the June Brent contract dipped 0.11% or 0.12 to $108.67 a barrel.
Foreign-exchange rates against the ruble were unchanged for the day: USD/RUB held steady at 81.38 and EUR/RUB remained at 93.16, both showing 0.00% change. The US Dollar Index Futures was up 0.39% at 100.37.
Summary takeaways
- MOEX Russia Index closed up 0.38% on Monday.
- Leading gainers included OZON, VK Company Ltd and OK Rusal; notable decliners included Magnit, Polyus and AK ALROSA.
- Market breadth was mixed with slightly more decliners than advancers, and the RVI rose to 24.29.