MICEX Composite Index falls 0.5% in Monday trading session

© Московская биржа

MICEX Composite Index drops by 0.5% on Monday, reaching 2501 points during trading session.

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

- Gazprom -0.9%;

- Lukoil -0.9%;

- Novatek -1.4%;

- Nornickel -0.4%.

The MICEX Index (Moscow Interbank Currency Exchange) is a price indicator of the Russian stock market. It is calculated based on the free-float market capitalization of highly liquid shares of large and rapidly growing Russian companies.

The composite stock index of the Moscow Exchange is calculated using prices weighted by free-float market capitalization, including the most liquid stocks of Russian companies. The index composition and weight are reviewed quarterly.

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