Russia stocks higher at close of trade; MOEX Russia Index up 3.26%

Russia's stock market experienced a surge after the close of trade on Monday, as sectors such as Oil & Gas, Power and Mining contributed to the upward momentum. By the close in Moscow, the MOEX Russia Index had climbed 3.26% to reach a fresh one-month high. OZON (MCX:OZON) emerged as the top performer of the day, soaring 6.66% or 168.50 points to trade at 2,700.00.

Rosneft PJSC (MCX:ROSN) also gained 6.34% or 22.25 points, closing at 373.40, while Moskovskiy Kreditnyi Bank PAO (MCX:CBOM) enjoyed a 5.10% increase or 0.53 points, settling at 10.83. Conversely, Polyus PJSC (MCX:PLZL) was the weakest performer, declining 0.68% or 6.80 points to 993.60, followed by a minor drop of 0.64% or 0.80 points for GMK Noril’skiy Nikel’ PAO (MCX:GMKN), and a slight decrease of 0.27% or 0.07 points for United Company Rusal IPJSC (MCX:RUAL).

On the Moscow Stock Exchange, stocks that rose outnumbered those that fell by a substantial margin of 190 to 55, with 10 ending unchanged. The Russian Volatility Index (RVI), which gauges the implied volatility of MOEX Russia Index options, surged 12.96% to 36.26. Gold Futures for the December delivery slipped by 1.56% or 68.90, settling at $4,340.00 per troy ounce.

Crude oil for October delivery climbed 1.84% or 1.84 to $101.89 a barrel, while the November Brent oil contract increased marginally by 0.03% or 0.03 to $106.23 a barrel. USD/RUB remained steady at 84.88, and EUR/RUB also stayed unchanged at 97.60. Lastly, the US Dollar Index Futures rose 0.36% to 99.20.