Stock Markets May 11, 2026 05:20 PM

Moscow equities advance as Oil & Gas, Mining and Power stocks lead gains

MOEX Russia Index closes 2.24% higher with heavy industry names among top performers

By Derek Hwang MAGN

Russian equities closed higher on Monday, with the MOEX Russia Index rising 2.24% as stocks in the Oil & Gas, Mining and Power sectors drove the advance. Steel and metallurgical companies were among the session's strongest performers, while selected utilities and agribusiness instruments finished unchanged. Volatility in options markets ticked up and key commodities, including crude oil and gold, posted gains.

Moscow equities advance as Oil & Gas, Mining and Power stocks lead gains
MAGN

Key Points

  • MOEX Russia Index closed up 2.24% as Oil & Gas, Mining and Power stocks led gains.
  • Top performers included Severstal (MCX:CHMF) up 3.42% to 755.00, Novolipetsk Steel (MCX:NLMK) up 2.92% to 86.06, and Magnitogorsk (MCX:MAGN) up 2.58% to 25.68.
  • Market breadth was positive with 217 advancers, 23 decliners and 10 unchanged; commodities and crude oil traded higher, while RVI rose to a one-month high.

Russian stocks ended the session in positive territory on Monday, led by advances in Oil & Gas, Mining and Power names. At the close in Moscow, the MOEX Russia Index was up 2.24%.

Among individual movers, Severstal PJSC (MCX:CHMF) was the day's strongest performer on the MOEX Russia Index, finishing up 3.42% - an increase of 25.00 points - to close at 755.00. Novolipetsk Steel (MCX:NLMK) also recorded notable gains, rising 2.92% or 2.44 points to end the session at 86.06. Magnitogorskiy Metallurgicheskiy Kombinat PAO (MCX:MAGN) climbed 2.58% or 0.65 points to finish at 25.68.

On the other end of the leaderboard, ROSSETI PJSC (MCX:FEES) was listed among the day's worst performers despite reporting no change in price - unchanged 0.37% or 0.00 points to trade at 0.07 at the close. GDR ROS AGRO PLC ORD SHS (MCX:AGRODR) was also unchanged, ending at 1,083.80, while PIK SHb PJSC (MCX:PIKK) rose modestly by 0.09% or 0.50 points to 538.50.

Market breadth favored advancing names, with rising stocks outnumbering decliners on the Moscow Stock Exchange by 217 to 23, and 10 issues finishing unchanged.


Several additional session details highlight market conditions. Shares of GDR ROS AGRO PLC ORD SHS (MCX:AGRODR) remained unchanged at a level described as a 52-week low - unchanged 0.00% or 0.00 to 1,083.80. The Russian Volatility Index - RVI, which measures implied volatility of MOEX Russia Index options, increased 1.45% to 25.94, marking a new one-month high.

Commodities traded higher in the session. Gold Futures for June delivery rose 0.32% or 15.00 to $4,745.70 a troy ounce. Crude oil for June delivery advanced 2.97% or 2.83 to $98.25 a barrel, while the July Brent contract gained 0.37% or 0.39 to trade at $104.75 a barrel.

In currency markets, USD/RUB was unchanged at 73.60 and EUR/RUB was unchanged at 86.68. The US Dollar Index Futures registered a slight increase of 0.02% to 97.80.

The session closed with a clear tilt toward industrial and energy-related sectors, as metal producers and oil-related contracts outperformed, and volatility in options markets rose to a one-month peak.

Risks

  • Rising implied volatility - RVI up 1.45% to 25.94 - suggests elevated option market uncertainty, which can affect equity price swings, particularly in the MOEX Russia Index and related sectors.
  • GDR ROS AGRO PLC ORD SHS (MCX:AGRODR) remained at a 52-week low and unchanged in price, indicating potential downside risk or thin liquidity in that agribusiness instrument.
  • Concentration of gains in Oil & Gas, Mining and Power increases exposure of the index to commodity price moves; fluctuations in crude oil and metals prices could materially influence market direction.

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