New Moscow Exchange Indices Methodology registered
OREANDA-NEWS. The Bank of Russia registered a new Methodology of the Moscow Exchange Indices Calculation on 17 December 2015. The methodology was adopted by the Directorate of MICEX SE on 6 November 2015.
The methodology now covers the following equity indices:
· MICEX Index and RTS Index;
· Broad Market Indices;
· Second Tier Indices;
· Blue Chip Index;
· Sectoral Indices;
· Regional Indices;
· MICEX Innovation Index.
According to the methodology, interval calculation will be applied to all indices. To improve the accuracy of dollar-denominated indices, the total market cap instead of each constituent price is converted from RUB to USD. Calculation method for the RUB/USD indicative rate used to calculate the indices remains unchanged.
The effective date of the new methodology will be announced in due course.
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