# MICEX 10

(Redirected from MICEX Index)

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.[1] Components are assigned equal weight.

## Calculation

The index is the arithmetic average of the change of prices between a time ${\displaystyle t}$ and a base time 0, which is the end of the preceding quarter. The formula is:

${\displaystyle {\text{MICEX10}}={\frac {k}{10}}\cdot \sum \limits _{i=1}^{10}\left({\frac {P_{i}}{P_{i}^{0}}}\right)}$

where ${\displaystyle P_{i}}$ is the price of the component stock ${\displaystyle i}$ at time ${\displaystyle t}$, ${\displaystyle P_{i}^{0}}$ is the price of the component stock ${\displaystyle i}$ at the end of previous quarter, and ${\displaystyle k}$ is the adjustment coefficient.[2]

## Components

As of the 3rd quarter 2016, the composition of the index is the following:[1]

Company Ticker symbol Industry Stock type
NorNickel GMKN Precious and non-ferrous metals Common
Sberbank SBERP Banking Preferred
Moscow Exchange MOEX Finance Common
Gazprom GAZP Oil & gas Common
Magnit MGNT Retail Common
Lukoil LKOH Oil & gas Common
Sberbank SBER Banking Common
Rosneft ROSN Oil & gas Common
VTB VTBR Banking Common
Surgutneftegas SNGSP Oil & gas Preferred