Published in:Russian Economic Developments. 2016, Moscow, IEP Publishers, No 3, pp. 16-22
Extent:
1 Online-Ressource (7 p)
Language:
English
DOI:
10.2139/ssrn.2757583
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 1, 2016 erstellt
Description:
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