Moscow Exchange Index rises 0.6% to hit 2300 points in Monday trading session

© Московская биржа

Moscow Exchange Index rises by 0.6% on Monday, reaching 2300 points during trading session.

Among the most liquid stocks, the following dynamics are observed:

- Nornickel (Gazmetall Company Norilsk Nickel) +2%;

- Sberbank +0.4%;

- Lukoil -0.7%;

- VTB +1.3%.

The Moscow Exchange Index (MOEX) is a price indicator of the Russian stock market. It is calculated based on the market capitalization of free-floating shares and includes highly liquid securities of large and fast-growing Russian companies.

The composite stock index of the Moscow Exchange is calculated based on prices weighted by market capitalization adjusted for free-float. The index composition and weights are reviewed quarterly.

This overview was presented by Alexey Grishchenko, Doctor of Economics, Professor at the Department of Operational and Sectoral Management of the "Higher School of Management" Faculty at the Financial University under the Government of the Russian Federation.