Russia Equities

In Russia the two main Stock Exchanges are the RTS and the MICEX.

RTS Stock Exchange

It is a not-for-profit partnership “Russian Trading System Stock Exchange” to consolidate separate regional securities trading floors into a unified regulated Russian securities market. It lists leading Russian securities that are of great interest to both domestic and foreign portfolio investors, thus providing the industry with the most important   market indicators.

MICEX

It is a Closed Joint Stock Company "Moscow Interbank Currency Exchange" that organizes daily trading in stocks of about 170 Russian issuers, including such blue chips as Gazprom, LUKoil, Surgutneftegaz, Sberbank, RAO UES, Norilsk Nickel, MTS, Tatneft, Novatek and other companies, whose total capitalization exceeds 500 billion dollars. It covers over 80% of the total value of transactions on Russia’s leading floors.

Main indexes is worth to mention are:

• RTSI: the index composed by 50 preferred and common shares that stands as the benchmark in Russian securities' industry.

• MICEX Index: the MICEX Index, Russia’s main stock market indicator, is an effective capitalization-weighted index of the market of most liquid stocks of Russian issuers admitted to circulation on the MICEX.