MOEX Group
Registration
0
0
Ru  /  En
  • Markets
  • Indices
  • Market data
  • Listing
  • Connectivity
  • News and events
  • About MOEX
  • Investor Relations
National Settlement Depository
National Settlement Depository (NSD) is the central securities depository of the Russian Federation
National Clearing Centre
Central Counterparty National Clearing Centre acts as a Clearing House and CCP in the Russian financial market
National Mercantile Exchange
Regulated commodity markets
News and events

News and events

Newsroom
Events calendar
Subscription management
Subscription Print version
16.05.2013 15:03

The Methodologies of the Moscow Exchange Broad Market Indices, Second-Tier Indices and sector indices calculation to take effect on May 20, 2013

Please be reminded that as from May 20, 2013 the Methodology of the Moscow Exchange Broad Market Indices calculation, the Methodology of the Moscow Exchange Second-Tier Indices calculation and the Methodology of the Moscow Exchange sector indices calculation approved by the Directorate of CJSC "MICEX Stock Exchange" on 19.03.2013 and by the Executive Board of Moscow Exchange on 22.03.2013 will take effect.

The new methodologies were developed as part of the process to establish the unified family of the Moscow Exchange indices. They ensure the continuity of the existing indices' historical values.

The second-tier indices computed in rubles and US dollars will continue series of MICEX SC Index and RTS-2 Index values respectively. The constituent list of MICEX SC Index valid from May 20, 2013 will correspond to new methodology. The ruble-denominated and US dollar-denominated values of the Moscow Exchange sector indices will follow historical values of MICEX and RTS sector indices.

The broad market index will be the only new index which will be launched after the methodology effective date.

The texts of the Methodologies can be found here:

Methodology of the Moscow Exchange Broad Market Indices calculation
Methodology of the Moscow Exchange Second-Tier Indices calculation
Methodology of the Moscow Exchange sector indices calculation

Principles of the Moscow Exchange Indices compilation and calculation imply the following:

  • The unified approach to compositing the Indices baskets implying that constituent lists of the indices are made up based on stocks taken out of 100 stocks selected to be included in the Broad Market Index based on their market capitalization, liquidity and free float. Top 50 stocks in terms of free float-adjusted capitalization make the MICEX Index and RTS Index, while next 50 stocks are included in the Second-Tier Index. The sector indices' baskets are compiled through dividing the Broad Market Index's basket by sectors of the economy.
  • All indices are computed in two currencies, ruble and US dollar.
  • A single formula is applied to calculate all indices.

At the same date of May 20, 2013 the Moscow Exchange stops to calculate the Indices of MICEX LC and MICEX MC.

For further information, please contact the Public Relations Department at (495) 363-3232.

Indices