MICEX Index description
MICEX Index is a capital-weighted price index of the 30 major and most liquid Russian stocks traded at the MICEX Stock Exchange (MICEX SE), calculated in real time (dividend income is excluded in the index calculation).
MICEX Index is one of the oldest Russian stock indices which has been calculated since September 22, 1997 (the initial value of the index is 100 points). MICEX Index is the main index of MICEX SE which tracks the Russian equity market and serves as underling for derivatives and structured products. MICEX Index is the leading indicator of the Russian securities market, which covers nearly 80% of the market capitalization of the Russian equity market.
Index composition
MICEX Index comprises 30 most liquid Russian stocks (traded on the MICEX Stock Exchange) that belong to one of the 10 sectors:
- Oil and Gas;
- Electric utilities;
- Telecommunications (fixed line);
- Metals and Mining;
- Industrials;
- Consumer goods;
- Chemicals;
- Transportation;
- Mobile telecommunications, Information Technology and Media;
- Banks.
The MICEX index composition is reviewed semi-annually on April 15 and October 15. The Index Committee submits recommendation on the index composition to the MICEX SE Board of Directors which approves the index composition in 5 trading days prior to the end of March and September. Appropriate information is published the next day after the decision is taken. Free-float and weighting coefficients of the stocks included into the index are adjusted quarterly and published at the first trading day of a quarter. Stocks eligible for the index composition for the next period are chosen from the MICEX Index Watch List.
 | MICEX Index Composition
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| | MICEX Index Watch List
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MICEX Indices
