MICEX Index Drops 2.7% in Tuesday Trading Session, Hits 2140 Points

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MICEX falls by 2.7% on Tuesday trading session, hovering at 2,140 base points.

Below is the trading dynamics of the most liquid stocks:

- VTB: -3.4%

- Sberbank: -2%

- Rosneft: -2%

- Gazprom: -2.5%

The MICEX Index is a price indicator of the Russian stock market. It is based on the free-float market capitalization of highly liquid stocks of large and dynamically growing Russian companies.

The composite stock index of the Moscow Exchange is calculated based on prices weighted by free-float market capitalization, taking into account the most liquid shares of Russian companies.

It is worth noting that the index composition and weight are reviewed quarterly.

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