Menu

Search

  |   Economy

Menu

  |   Economy

Search

Russia Stocks Rally as Oil, Mining Lead MOEX Surge

Russia Stocks Rally as Oil, Mining Lead MOEX Surge. Source: Рустам Абдрахимов, CC BY 3.0, via Wikimedia Commons

Russian stocks climbed on Sunday, driven by strong gains in the Oil & Gas, Mining, and Power sectors. The MOEX Russia Index rose 2.37% at market close in Moscow.

PhosAgro PJSC (MCX:PHOR) led the rally, jumping 3.37% to 6,407.00. Unipro PJSC (MCX:UPRO) followed with a 3.01% gain, closing at 1.78, while Severstal PJSC (MCX:CHMF) added 2.65% to end at 1,086.60.

Among the weakest performers, GDR ROS AGRO PLC (MCX:AGRODR) remained flat at 1,083.80, hovering at 52-week lows. Sberbank Rossii PJSC (MCX:SBER) edged up 0.56% to 301.49, and Mobil’nye Telesistemy PJSC (MCX:MTSS) added 0.57% to 221.05. Overall, advancing stocks outnumbered decliners 87 to 1 on the Moscow Exchange.

Market volatility increased slightly, with the Russian Volatility Index (RVI) rising 0.96% to 58.84, signaling heightened investor uncertainty.

In commodities, Gold Futures for June delivery surged 2.11% to $3,244.60 per troy ounce. Crude oil prices also advanced, with May WTI crude climbing 2.38% to $61.50 per barrel, and June Brent crude gaining 2.26% to $64.76. The rally in oil supported energy-linked equities, reinforcing market momentum.

In currency markets, the USD/RUB rose 0.28% to 83.48, while EUR/RUB remained flat at 94.57. Meanwhile, the U.S. Dollar Index Futures dropped 0.72% to 99.89, reflecting broader greenback weakness.

Investor sentiment in Russia remains resilient amid global economic uncertainties, buoyed by strong performances in key resource sectors and commodity price rebounds.

Avatar
Lidia Nicholson
I get paid more than 💵$100 to 💵$500 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily 💵$20k from this without having online working skills . Simply give it a shot on the accompanying site...
Here is I started.…………>> http://Www.WorksProfit7.Com

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.
.

.

.

.

.

.

.

.

.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.