Russian stocks finished the trading session higher on Monday, driven by strength in the Mining, Power and Manufacturing segments that pushed the MOEX Russia Index up 1.07% at the close in Moscow.
Among the session leaders on the MOEX Russia Index, Unipro PJSC (MCX:UPRO) posted the largest percentage gain, rising 6.06% or 0.07 points to close at 1.22. AK ALROSA PJSC (MCX:ALRS) added 5.96% or 1.39 points to finish at 24.70, while Bank VTB PJSC (MCX:VTBR) was up 5.83% or 4.38 points to end the day at 79.47.
On the downside, TATNEFT n.a. V.D. Shashin (MCX:TATN) led declines, falling 3.64% or 21.70 points to trade at 574.70 at the close. Its preferred shares, TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p), declined 3.22% or 18.00 points to 540.40. PIK SHb PJSC (MCX:PIKK) also moved lower, slipping 2.47% or 14.70 points to 580.30.
Market breadth on the Moscow Exchange was positive, with rising issues outnumbering decliners by 195 to 51, and 5 stocks finishing unchanged.
The Russian Volatility Index - RVI, which reflects implied volatility of options on the MOEX Russia Index, rose 1.61% to 27.14 by the close, indicating a modest increase in market-implied volatility.
Commodities moved unevenly during the session. Gold futures for August delivery gained 2.18% or 92.40 to trade at $4,331.20 a troy ounce. In energy markets, crude oil for July delivery fell 4.41% or 3.74 to $81.14 a barrel, while the August Brent contract eased 0.12% or 0.10 to $83.42 a barrel.
Foreign exchange pairs against the Russian rouble were steady at the close: USD/RUB was unchanged at 71.93 and EUR/RUB was unchanged at 83.99.
Market snapshot (selected figures referenced in the session):
- MOEX Russia Index - up 1.07%
- Top gainers: UPRO +6.06%, ALRS +5.96%, VTBR +5.83%
- Top decliners: TATN -3.64%, TATN_p -3.22%, PIKK -2.47%
- RVI - up 1.61% to 27.14
- Gold (Aug) - up 2.18% to $4,331.20/oz
- Brent (Aug) - down 0.12% to $83.42/bbl; Crude (Jul) - down 4.41% to $81.14/bbl
- USD/RUB - 71.93 (unchanged); EUR/RUB - 83.99 (unchanged)
The session presented a mix of sector-level strength and select stock-specific weakness, with market breadth favouring advancers and a small uptick in implied volatility recorded by the RVI.