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. Components are assigned equal weight.
The index is the arithmetic average of the change of prices between a time and a base time 0, which is the end of the preceding quarter. The formula is:
where is the price of the component stock at time , is the price of the component stock at the end of previous quarter, and is the adjustment coefficient.
As of the 1st quarter 2012, the composition of the index is the following:
|Company||Ticker symbol||Industry||Stock type|
|SeverStal||CHMF||Mining and steel metallurgy||Common|
|NorNickel||GMKN||Precious and non-ferrous metals||Common|
|Gazprom||GAZP||Oil & gas||Common|
|Lukoil||LKOH||Oil & gas||Common|
|Rosneft||ROSN||Oil & gas||Common|
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