The Moscow stock market closed with modest gains on Tuesday as strength in energy, power and manufacturing-related stocks pushed the MOEX Russia Index higher.
At the close in Moscow the MOEX Russia Index was up 0.48%.
Among individual movers, Polyus PJSC (MCX:PLZL) was the session's top performer, finishing 4.17% higher - a rise of 90.60 points - to close at 2,261.80. TATNEFT n.a. V.D. Shashin (MCX:TATN) added 1.22%, gaining 7.90 points to end the day at 657.50. PhosAgro PJSC (MCX:PHOR) also advanced, closing up 1.21% or 87.00 points to 7,272.00.
On the downside, Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) was the weakest name, falling 2.22% or 0.12 points to finish at 5.32. AFK Sistema PJSC (MCX:AFKS) declined 1.88%, losing 0.24 points to close at 12.25, and Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR) slipped 1.76% or 0.01 points to 0.43.
Market breadth on the Moscow Exchange showed more decliners than advancers, with 153 stocks down and 84 stocks up; 13 issues finished unchanged.
Shares of Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) reached a three-year low during the session, closing down 2.22% at 5.32.
Risk sentiment, as measured by the Russian Volatility Index - RVI, moved lower, with the index falling 10.87% to 23.62, indicating a drop in implied option volatility on the MOEX Russia Index.
Commodities and currency benchmarks showed a mixed picture. Gold futures for June delivery traded higher, up 1.02% or 47.55 to $4,732.25 a troy ounce. In crude markets, May delivery for U.S. crude fell 1.84% or $2.07 to $110.34 a barrel, while the June Brent contract slipped 1.94% or $2.04 to $103.09 a barrel.
On the currency front, USD/RUB was unchanged at 78.27 and EUR/RUB was unchanged at 90.96. The US Dollar Index Futures eased 0.38% to 99.48.
Context and sectors affected
- Energy and oil-related names contributed positively to the market move, reflecting sector strength during the session.
- Power and manufacturing companies also helped lift the index, with industrial and fertilizer stocks among the gainers.
- Financials and utilities were among the weaker sectors, with at least one regional bank and a major hydro generator posting notable declines.