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FINANCIAL MARKET IN March 2014

Author

Listed:
  • Nikita Andrievskiy

    (Gaidar Institute for Economic Policy)

  • Elizaveta Khudko

    (Gaidar Institute for Economic Policy)

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 domes?? c 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.

Suggested Citation

  • Nikita Andrievskiy & Elizaveta Khudko, 2014. "FINANCIAL MARKET IN March 2014," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 9-12, May.
    • Handle: RePEc:gai:recdev:322
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    More about this item

    Keywords

    Financial Markets;

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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