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MICEX 10

From Wikipedia, the free encyclopedia

The MICEX 10 Index (Russian: Индекс ММВБ10) is an unweighted price index that tracks the ten most liquid Russian stocks listed on Moscow Exchange. Composition of the index is assessed quarterly following the liquidity criterion.[1] Components are assigned equal weight.

Calculation

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The index is the arithmetic average of the change of prices between a time and a base time 0, which is the end of the preceding quarter. The formula is:

where is the price of the component stock at time , is the price of the component stock at the end of previous quarter, and is the adjustment coefficient.[2]

Components

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As of June 2017, the composition of the index was the following:[1]

Company Ticker symbol Industry Stock type
NorNickel GMKN Precious and non-ferrous metals Common
Alrosa ALRS Mining Common
Moscow Exchange MOEX Finance Common
Gazprom GAZP Oil & gas Common
FGC UES FEES Electric utility Common
Lukoil LKOH Oil & gas Common
Sberbank SBER Banking Common
Rosneft ROSN Oil & gas Common
Magnit MGNT Retail Common
RusHydro HYDR Electric utility Common

References

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  1. ^ a b "Composite Indices: MICEX10 Index". MICEX.
  2. ^ Методика расчета индекса ММВБ 10 (PDF) (in Russian). MICEX.