MICEX 10

The MICEX 10 Index (Russian: Индекс ММВБ10) is an unweighted price index that tracks the ten most liquid Russian stocks listed on MICEX-RTS in Moscow, Russia. Composition of the index is assessed quarterly following the liquidity criterion.^[1] Components are assigned equal weight.

Calculation

The index is the arithmetic average of the change of prices between a time $t$ and a base time 0, which is the end of the preceding quarter. The formula is:

{\text{MICEX10}}={\frac {k}{10}}\cdot \sum \limits _{i=1}^{10}\left({\frac {P_{i}}{P_{i}^{0}}}\right)

where $P_{i}$ is the price of the component stock $i$ at time $t$ , $P_{i}^{0}$ is the price of the component stock $i$ at the end of previous quarter, and $k$ is the adjustment coefficient.^[2]

Components

As of the 3rd quarter 2016, the composition of the index is the following:^[1]

Company	Ticker symbol	Industry	Stock type
NorNickel	GMKN	Precious and non-ferrous metals	Common
Sberbank	SBERP	Banking	Preferred
Moscow Exchange	MOEX	Finance	Common
Gazprom	GAZP	Oil & gas	Common
Magnit	MGNT	Retail	Common
Lukoil	LKOH	Oil & gas	Common
Sberbank	SBER	Banking	Common
Rosneft	ROSN	Oil & gas	Common
VTB	VTBR	Banking	Common
Surgutneftegas	SNGSP	Oil & gas	Preferred

References

1 2 "Composite Indices: MICEX10 Index". MICEX.
↑ Методика расчета индекса ММВБ 10 (PDF) (in Russian). MICEX.

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