At the close in Moscow, the MOEX Russia Index dropped 0.34 per cent

Russia stocks were down after the close on Monday, as losses in the Telecoms, Oil & Gas and Mining sectors led shares down.

At the close in Moscow, the MOEX Russia Index dropped 0.34 per cent.

The best performers of the session on the MOEX Russia Index were Magnit PJSC, which gained 4.99 per cent or 145.00 points to trade at 3,052.00 at the close. Meanwhile, VK Company Ltd advanced 2.08 per cent or 6.00 points to close at 294.20 and IPJSC YANDEX was up 0.35 per cent or 15.00 points to 4,303.00 in late trade.

The worst performers of the session were Moskovskiy Kreditnyi Bank PAO, which declined 5.17 per cent or 0.43 points to trade at 7.83 at the close. TATNEFT n.a. V.D. Shashin shed 2.56 per cent or 15.50 points to close at 590.30 and TATNEFT n.a. V.D. Shashin Pref was down 2.35 per cent or 13.30 points to 552.90.

Falling stocks outnumbered advancing ones on the Moscow Stock Exchange by 129 to 114 and 9 closed unchanged.

The Russian Volatility Index – RVI, which measures the implied volatility of MOEX Russia Index options, was up 0.72 per cent to 30.67 a new 1-month low.

Gold Futures for February delivery was down 0.52 per cent or 21.90 to $4,221.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January dropped 2.08 per cent or 1.25 to hit $58.83 a barrel, while the February Brent oil contract declined 1.99 per cent or 1.27 to trade at $62.48 a barrel.