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MICEX 10

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

Contents

Calculation

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

MICEX10 = k 10 ⋅ ∑ i = 1 10 ( P i P i 0 )

where P i is the price of the component stock i at time t , P i 0 is the price of the component stock i at the end of previous quarter, and k is the adjustment coefficient.

Components

As of the 3rd quarter 2016, the composition of the index is the following:

References

MICEX 10 Wikipedia
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