FINANCIAL MARKET IN March 2014

• Main Authors: Nikita Andrievskiy, Elizaveta Khudko
• Format: Article in Journal/Newspaper
• Language: unknown
• Subjects: Norilsk; norilsk
• Online Access: http://www.iep.ru/files/RePEc/gai/recdev/322Khudko.pdf

Having experienced a sharp drop in March, Russia’s stock market was steadily recovering throughout April. Over the period from 1 April through 23 April, the MICEX Index stood at an average of 1,350.17 points. The growth leader among highly liquid shares were Norilsk Nickel securities – over the period from 27 March through 23 April they rose 9.41%, while the annual yield on that company’s shares rose to more than 30%. As of 23 April, the stock market’s capitalization amounted to Rb 21.6 trillion (or 33.3% of GDP), which represented a Rb 89bn fall (-0.4%) compared with 27 March. The situation on the Russian domes?? c market of corporate bonds continued to worsen due to the exacerbation of negative trends in the Russian economy. As a consequence, the key market indices the Corporate Bond Market Index, the market’s size, the weighted average yield and the activity of issuers and investors – showed negative dynamics. Financial Markets