RUSSIAN FINANCIAL MARKETS IN JANUARY 2016

E. Gorbatikov
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E. Gorbatikov: Gaidar Institute for Economic Policy

Russian Economic Development, 2016, issue 3, 16-22

Abstract: The price of Brent crude was up more than 11% in the period under review (between 27 January 2016 and 25 February 2016) after striking a low of $28.2 a barrel during the previous period under review (between 23 December 2015 and 26 January 2016). The increase took place as the MICEX Index was up 5.8% and almost all the sector indexes hiked. Blue-chip stocks were also driven by overall upward dynamics. In terms of ROE, Sberbank was ranked first among Russia’s top blue-chip stocks, and its share of total market turnover at the Moscow Exchange swelled by more than one third. Investors continued to withdraw from Russia-focused mutual funds, pulling out $336.3m year to date.

Keywords: Financial Markets; Russian Economy (search for similar items in EconPapers)
JEL-codes: G1 G15 G3 (search for similar items in EconPapers)
Date: 2016
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