Russian Stocks Close Higher, MOEX Index Up 0.63%

MOEX Index Gains 0.63% on Sector Strength

The MOEX Russia Index concluded Tuesday's trading session on a positive note, climbing 0.63%. The upward momentum was largely attributed to solid performance across several key industrial sectors.

Market Overview

Gains were primarily driven by the Mining, Telecoms, and Power sectors. On the Moscow Stock Exchange, market breadth was positive, with 130 stocks rising compared to 111 decliners, while 11 stocks closed unchanged. The Russian Volatility Index, or RVI, saw a minor increase of 0.07% to 27.43.

Key Movers and Market Data

Top Performers

Leading the advance were Moskovskaya Birzha PJSC, which surged by 2.78%, followed by VK Company Ltd with a 2.28% gain, and Polyus PJSC, which rose 2.21%.

Underperforming Stocks

In contrast, Bank VTB PJSC was a notable laggard, declining by 1.09%. Novolipetsk Steel and LUKOIL PJSC also ended the session with losses.

Summary

The positive close for Russian equities was supported by rising commodity prices, as both crude oil and gold futures traded higher. Investors will continue to monitor sector performance and broader market volatility in the upcoming sessions.

FAQ

Q: Which sectors drove the MOEX Russia Index higher?
A: The gains were primarily led by strong performance in the Mining, Telecoms, and Power sectors.

Q: What was the closing gain for the MOEX Russia Index?
A: The MOEX Russia Index closed with a gain of 0.63%.

Source: Investing.com