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Russian Financial Markets In January 2016

Author

Listed:
  • E. Gorbatikov

    (Gaidar Institute for Economic Policy)

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.

Suggested Citation

  • E. Gorbatikov, 2016. "Russian Financial Markets In January 2016," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 16-22, March.
    • Handle: RePEc:gai:recdev:701
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    More about this item

    Keywords

    Financial Markets; Russian Economy;

    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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