Financial Market in March 2014

Russian Economic Developments. Moscow, IEP, 2014, #5. pp. 9-12

4 Pages Posted: 21 May 2014 Last revised: 9 Jul 2014

See all articles by Nikita Andrievskiy

Nikita Andrievskiy

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA); Gaidar Institute for Economic Policy

Elizaveta Khudko

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus

Date Written: May 20, 2014

Abstract

Having experienced a sharp drop in March, Russia’s stock market was steadily recovering throughout April. Over the period from 1 April through 23 April, the MICEX Index stood at an average of 1,350.17 points. The growth leader among highly liquid shares were Norilsk Nickel securities – over the period from 27 March through 23 April they rose 9.41%, while the annual yield on that company’s shares rose to more than 30%. As of 23 April, the stock market’s capitalization amounted to Rb 21.6 trillion (or 33.3% of GDP), which represented a Rb 89bn fall (-0.4%) compared with 27 March. The situation on the Russian domestic market of corporate bonds continued to worsen due to the exacerbation of negative trends in the Russian economy. As a consequence, the key market indices the Corporate Bond Market Index, the market’s size, the weighted average yield and the activity of issuers and investors – showed negative dynamics.

Keywords: Russian economy, financial markets

JEL Classification: G1, G3, G15

Suggested Citation

Andrievskiy, Nikita and Andrievskiy, Nikita and Khudko, Elizaveta, Financial Market in March 2014 (May 20, 2014). Russian Economic Developments. Moscow, IEP, 2014, #5. pp. 9-12, Available at SSRN: https://ssrn.com/abstract=2439188 or http://dx.doi.org/10.2139/ssrn.2439188

Nikita Andrievskiy (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Sredny av. V.O., 57/43
St. Petersburg

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Elizaveta Khudko

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus ( email )

Moscow, 119571
Russia

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