Template-Type: ReDIF-Article 1.0
Author-Name: Nikita Andrievskiy
Author-Name-First: Nikita   
Author-Name-Last: Andrievskiy
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Elizaveta Khudko
Author-Name-First: Elizaveta    
Author-Name-Last: Khudko
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: FINANCIAL MARKET IN AUGUST 2013
Abstract: In August 2013, the MICEX index saw a monthly fall of 2.4% after Sberbank and VTB encountered some downtrend in the stock market. Furthermore, stock market capitalization contracted by 2.2% to Rb 23.41 trillion, or 37.4% of GDP. The domestic corporate bond market was governed by fairly optimistic sentiments, irrespective of adverse trend concerning macroeconomic indicators and forecasts for Russia. The key market indicators were driven by an uptrend, contrary to expectations of a seasonal downtrend.
Classification-JEL: G1, G3, G15
Keywords: Financial Markets
Journal: Russian Economic Developments
Year: 2013 
Issue: 9
Month: September
Pages: 8-11
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/192Khudko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:192