Russia stocks higher at close of trade; MOEX Russia Index up 0.10%

At the close of trade on Monday, Russia stocks saw gains on the Moscow Stock Exchange, with the MOEX Russia Index up 0.10%. The Mining, Power and Oil & Gas sectors were the main drivers of the stock market's rise. Among the top gainers, Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR) made the biggest jump, increasing 6.29% or 0.03 points to reach 0.47.

United Company Rusal IPJSC (MCX:RUAL) climbed 4.05% to 25.72, and AFK Sistema PJSC (MCX:AFKS) rose 3.14% to 8.01. On the downside, TATNEFT n.a. V.D. Shashin (MCX:TATN) was the worst performer, falling 1.02% or 6.40 points to 624.10, while TATNEFT n.a. V.D. Shashin Pref (MCX:TATN_p) decreased 0.72% or 4.40 points to 604.70. PIK SHb PJSC (MCX:PIKK) remained flat at 544.00.

Gains surpassed losses on the exchange by a margin of 176 to 63, with 15 stocks ending unchanged. The Federal Hydro Generating Company RusHydro PJSC (MCX:HYDR) reached its 52-week highs with a 6.29% increase. The Russian Volatility Index (RVI), which gauges the expected volatility of MOEX Russia Index options, dropped to a 3-month low of 28.20.

Meanwhile, Gold Futures for December delivery fell 0.50% to $4,160.30 per troy ounce. Other commodities, such as crude oil and Brent oil, saw modest declines, with December crude oil down 0.79% to $98.24 per barrel and December Brent oil falling 0.05% to $109.16 per barrel. USD/RUB remained unchanged at 83.73, and EUR/RUB stayed stable at 92.78. Lastly, the US Dollar Index Futures were up 0.01% to 101.80.