Template-Type: ReDIF-Article 1.0
Author-Name:E. Gorbatikov
Author-Name-First:E.    
Author-Name-Last: Gorbatikov
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: RUSSIAN FINANCIAL MARKETS IN JANUARY 2016
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.
Classification-JEL:G1, G3, G15
Keywords: Financial Markets, Russian Economy
Journal: Russian Economic Developments
Year: 2016 
Issue: 3
Month: March
Pages: 16-22
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/701Gorbatikov.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:701