The MICEX 10 Index () is an unweighted price index that tracks the ten most liquid Russian stocks listed on Moscow Exchange. Composition of the index is assessed quarterly following the liquidity criterion. Components are assigned equal weight.
Calculation The index is the arithmetic average of the change of prices between a time and a base time 0, which is the end of the preceding quarter. The formula is:
where is the price of the component stock at time , is the price of the component stock at the end of previous quarter, and is the adjustment coefficient.
Components
As of June 2017, the composition of the index was the following:
Company Ticker symbol Industry Stock typeNorNickelGMKNPrecious and non-ferrous metalsCommonAlrosaALRSMiningCommonMoscow ExchangeMOEXFinanceCommonGazpromGAZPOil & gasCommonFGC UESFEESElectric utilityCommonLukoilLKOHOil & gasCommonSberbankSBERBankingCommonRosneftROSNOil & gasCommonMagnitMGNTRetailCommonRusHydroHYDRElectric utilityCommon
References