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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.


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.[2]


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