Russia stocks higher at close of trade; MOEX Russia Index up 1.78%
Russia's stock market showed an upward trend as trading concluded on Tuesday, with gains in Mining, Oil & Gas, and Power sectors driving share prices higher. At the close in Moscow, the MOEX Russia Index rose by 1.78%. Severstal PJSC emerged as the top performer, jumping 5.04% to 654.40 points. Magnitogorskiy Metallurgicheskiy Kombinat and PhosAgro PJSC also performed well, gaining 5.03% and 4.52% respectively.
Conversely, PIK SHb PJSC, Mobil’nye Telesistemy PJSC, and Polyus PJSC were among the underperformers, with declines in trading. Across the Moscow Stock Exchange, rising stocks outnumbered declining ones by 187 to 59, with 9 stocks closing unchanged. The Russian Volatility Index (RVI) dropped by 1.72% to 34.29. Gold Futures for December delivery increased by 0.28% to $4,396.20 per troy ounce, while Crude oil for November delivery decreased by 2.73% to $89.85 per barrel.
USD/RUB and EUR/RUB remained unchanged at 84.05 and 96.45 respectively, and the US Dollar Index Futures increased by 0.10% to 100.26.
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