The MOEX Russia Index (Russian: Индекс МосБиржи), formerly the MICEX Index, is the main ruble-denominated benchmark of the Russian stock market.[1] It was established by the Moscow Interbank Currency Exchange (MICEX) on 22 September 1997.[2] MICEX merged with the Russian Trading System to form Moscow Exchange (MOEX) in 2011 and the index was renamed to MOEX Russia Index on 27 November 2017.[3]
It has the same composition as the RTS Index, which is denominated in U.S. dollars.[3] The MOEX Russia Index is traditionally favored by domestic investors, while foreign investors prefer the RTS Index.[4] The number of component stocks is variable, and depends on liquidity and trading frequency.[5]
References
- ^ "Russian benchmark officially renamed the MOEX Russia Index". Moscow Exchange. Retrieved 12 December 2017.
- ^ "MOEX Russia Index". Bloomberg.com. Retrieved 10 March 2022.
- ^ a b Kirilova, Valentina (28 November 2017). "Russian benchmark MICEX Index renamed MOEX Russia Index, RTS Index remains unchanged". LeapRate. Retrieved 10 March 2022.
- ^ Amos, Howard (4 December 2014). "Why Is One Russian Stock Index Up and the Other Down?". The Moscow Times. Retrieved 10 March 2022.
- ^ "Moscow Exchange renames MICEX index". TASS (in Russian). Retrieved 12 December 2017.
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This page was last edited on 10 July 2023, at 11:13