FINANCIAL MARKET IN AUGUST 2013

Nikita Andrievskiy and Elizaveta Khudko

Russian Economic Development, 2013, issue 9, 8-11

Abstract: In August 2013, the MICEX index saw a monthly fall of 2.4% after Sberbank and VTB encountered some downtrend in the stock market. Furthermore, stock market capitalization contracted by 2.2% to Rb 23.41 trillion, or 37.4% of GDP. The domestic corporate bond market was governed by fairly optimistic sentiments, irrespective of adverse trend concerning macroeconomic indicators and forecasts for Russia. The key market indicators were driven by an uptrend, contrary to expectations of a seasonal downtrend.

Keywords: Financial; Markets (search for similar items in EconPapers)
JEL-codes: G1 G15 G3 (search for similar items in EconPapers)
Date: 2013
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