Gains in Main Economic Sectors Drive Russian Stock Indexes up

Gains in the Telecoms, Oil & Gas and Power sectors led Russian companies’ shares higher and drove Russian stocks indexes higher after the close on Tuesday, reports.

The MOEX Russia index gained 0.63% at the close in Moscow. The best performers of the session on the MOEX Russia were Surgutneftegaz, which rose 2.44% or 0.635 points to trade at 26.630 at the close. Meanwhile, Inter RAO added 1.99% or 0.0890 points to end at 4.5540 and Tatneft was up 1.95% or 14.30 points to 747.90 in late trade.

The worst performers of the session were Мechel, which fell 2.09% or 1.34 points to trade at 62.77 at the close. Polyus declined 1.17% or 76.0 points to end at 6400.0 and Rosseti was down 1.08% or 0.0129 points to 1.1781.

Rising stocks outnumbered declining ones on the Moscow Stock Exchange by 119 to 110 and 15 ended unchanged.

The Russian VIX, which measures the implied volatility of MOEX Russia options, was down 0.56% to 19.640.

Gold Futures for August delivery was down 0.49% or 7.05 to $1419.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.32% or 0.18 to hit $56.04 a barrel, while the September Brent oil contract fell 0.51% or 0.32 to trade at $62.94 a barrel.

The Russian ruble was steady near two-week lows versus the dollar on Tuesday.

The ruble tracked moves on the global forex market where the dollar edged to a two-week high versus its rivals after U.S. President Donald Trump and congressional leaders reached a deal on a two-year extension of the debt limit.