| Summary: | The MICEX Index slid down 2.5% at the beginning of January 2014, however Gazprom’s stock and Norilsk Nickel’s stock went up in the second half of the month, thereby having a positive effect on the MICEX Index which was pushed up to 1494.6 points. The annual dynamics of blue chips has been negative in most cases. It is only Sberbank’s preferred stock which gained significantly (5.85%) over the period under review. Total MICEX stock exchange market capitalization amounted to Rb 24,9 trillion (37.56% of GDP) as of January 24, 2014, having shown an increase of Rb 450,7bn (1.8%) over the value observed as of December 30, 2013. Financial Markets
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