MOEX Russia Index Rises as Oil, Mining Stocks Lead Gains

Russian stocks closed higher on Saturday, driven by strong performances in the Oil & Gas, Mining, and Power sectors. The MOEX Russia Index climbed 2.37%, reflecting growing investor confidence amid commodity gains.

Leading the session were Unipro PJSC (MCX:UPRO), up 2.84% to 1.77, and Gazprom PJSC (MCX:GAZP), which gained 2.28% to finish at 135.94. Aeroflot PJSC (MCX:AFLT) also posted solid growth, adding 2.21% to close at 71.14.

In contrast, GDR ROS AGRO PLC ORD SHS (MCX:AGRODR) remained flat at 1,083.80, continuing to hover near its 52-week low. T Tekhnologii MKPAO (MCX:T) inched up 0.33% to 3,180.00, while Sberbank Rossii PJSC (MCX:SBER) gained 0.38%, ending the day at 300.95.

Market breadth was overwhelmingly positive, with 87 stocks advancing and only one declining on the Moscow Exchange, signaling bullish sentiment.

Volatility edged higher, with the Russian Volatility Index (RVI) rising 0.96% to 58.84, indicating slightly elevated risk perception among traders.

In the commodities market, gold futures for June delivery jumped 2.11% to $3,244.60 per troy ounce, reflecting safe-haven demand. Crude oil prices also rallied—WTI crude for May delivery rose 2.38% to $61.50 per barrel, while Brent crude for June climbed 2.26% to $64.76.

Currency movements showed the USD/RUB slipping 0.30% to 83.25, while the EUR/RUB advanced 1.15% to 94.57. Meanwhile, the US Dollar Index Futures dropped 0.72% to 99.89, signaling a weakening dollar globally.

This positive trading session underscores the resilience of Russian equities amid global commodity fluctuations and foreign exchange shifts.