Stock Markets May 5, 2026 05:20 PM

Moscow equities finish higher as oil, mining and power stocks lead gains

MOEX Russia Index climbs 0.90% as select miners and energy names outperform; crude oil retreats and volatility edges up

By Nina Shah UPRO

Russia's equity benchmark closed higher Tuesday, led by advances in Oil & Gas, Mining and Power sectors. The MOEX Russia Index rose 0.90% at the Moscow close. Among individual movers, United Company Rusal and NOVATEK posted notable gains, while Unipro, MTS and Sberbank slipped. Market breadth was positive, volatility ticked up and commodities showed mixed moves with crude oil declining.

Moscow equities finish higher as oil, mining and power stocks lead gains
UPRO

Key Points

  • MOEX Russia Index closed up 0.90% on gains concentrated in Oil & Gas, Mining and Power sectors.
  • Top individual performers included United Company Rusal (RUAL) +3.47% and NOVATEK (NVTK) +3.06%; notable decliners included Unipro (UPRO), MTS (MTSS) and Sberbank (SBER).
  • Market breadth was positive with 137 advancing stocks versus 106 declining and 7 unchanged; RVI rose to 25.77, indicating slightly higher implied volatility.

Russian stocks ended the trading session in Moscow on Tuesday with gains, driven by strength in Oil & Gas, Mining and Power names.

The MOEX Russia Index closed up 0.90%.

Top movers:

  • United Company Rusal IPJSC (MCX:RUAL) advanced 3.47% - rising 1.33 points to finish at 39.71.
  • ROSSETI PJSC (MCX:FEES) was reported as unchanged 3.06% or 0.00 points, ending at 0.07.
  • NOVATEK PJSC (MCX:NVTK) gained 3.06% - up 34.50 points to 1,160.20 in late trade.

Lagging names:

  • Unipro PJSC (MCX:UPRO) fell 0.36% - down 0.01 points to 1.38 at the close.
  • Mobil’nye Telesistemy PJSC (MCX:MTSS) declined 0.25% - sliding 0.55 points to 218.80.
  • Sberbank Rossii PJSC (MCX:SBER) eased 0.20% - down 0.63 points to 321.16.

On market breadth, advancing issues outnumbered decliners on the Moscow Stock Exchange by 137 to 106, with 7 issues finishing unchanged.

The Russian Volatility Index - RVI, which measures implied volatility for MOEX Russia Index options, rose 0.70% to 25.77.

Commodities and currency snapshots:

  • Gold Futures for June delivery increased 0.76% - up 34.25 to $4,567.55 a troy ounce.
  • Crude oil for June delivery slipped 3.51% - down 3.74 to $102.68 a barrel.
  • The July Brent contract was marginally lower, falling 0.01% or 0.01 to $110.42 a barrel.
  • Currency pairs were unchanged: USD/RUB held at 75.50 (0.00%) and EUR/RUB remained at 88.29 (0.00%).

For broader context on currency moves, the US Dollar Index Futures was reported up 0.11% at 98.37.

Overall, the session was characterized by sector-led gains that lifted the MOEX benchmark, while energy commodity prices moved unevenly and implied volatility ticked higher.

Risks

  • Crude oil prices fell 3.51% to $102.68 a barrel, a move that may affect Oil & Gas sector momentum and associated stock performance.
  • A rise in the Russian Volatility Index (RVI) to 25.77 signals increased option-implied volatility, which may translate to wider price swings for equities.
  • Currency pairs USD/RUB and EUR/RUB were unchanged at 75.50 and 88.29 respectively, leaving limited cushion from FX moves should market drivers change abruptly.

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