MOEX Russia Index Falls 0.66% as Oil & Gas, Mining, Telecom Names Drag Market Lower
Russian equities closed lower on Monday with the MOEX Russia Index down 0.66% as losses in the Oil & Gas, Mining and Telecoms sectors pressured the market. PhosAgro reached a 52-week high while other benchmark energy names posted declines. Market breadth was narrowly positive, volatility edged higher and commodity prices were mixed.