MOEX Russia closes 0.4 percent higher as oil and ruble weigh
Published on 10/09/2026 at 21:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- MOEX Russia closed at 2,321 points on October 9, 2026, up 0.4 percent.
- Cheaper oil and a stronger ruble applied pressure despite the index's gain.
- Moscow International Bank rose 4.3 percent, while Yandex fell 4.8 percent.
- Investors looked ahead to expected European Union sanctions news on October 12.
MOEX Russia closed at 2,321 points on October 9, 2026, up 0.4 percent, even as cheaper oil and a stronger ruble applied pressure, TASS reported. The index finished above 2,300 points after a mixed week.
Stocks diverge as MOEX Russia gains 0.4 percent
Moscow International Bank was the strongest index constituent, rising 4.3 percent, while Polyus gained 2.9 percent and X5 advanced 2.4 percent, according to Finversia. Gazprom and PhosAgro each added 1.4 percent.
Yandex was the weakest major mover, falling 4.8 percent after new drone attacks on infrastructure linked to the company. Severstal and Norilsk Nickel each declined 0.5 percent. Trading volume in index constituents reached 67.08 billion rubles by 7:00 p.m. Moscow time, Finversia said.
Oil and the ruble shaped the session
Andrey Smirnov of BCS Investment World said the combination of cheaper oil and a stronger ruble weighed on the index. The yuan rose to 12.2681 rubles, according to TASS.
The market also absorbed expectations of further geopolitical developments. A Central Bank official separately said Russia had no realistic path to meeting the target of lifting stock-market capitalization to 66 percent of gross domestic product by 2030, The Moscow Times reported.
What comes next
Investors will focus on October 12, when a new European Union sanctions package against Russian businesses is expected, according to RBC. The next regular Moscow Exchange session is scheduled for Monday, October 12.
