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 October 2014
Abstract: In November, the MICEX index was driven by the substantial devaluation of the ruble and reached another record- high-level of 1538.9 points during the year. It is the metalworking sector index that became a leader among the sector indices in November, up 12.1% since the beginning of the month. The stock market capitalization as of the 27th of November amounted to Rb 23,9 trillion (36.9% of GDP), an increase of Rb 218,5bn (0.9%) since the 3rd of November. The corporate bond market in November saw some adverse trends such as downward trend in the corporate bond index and investment, and the acceleration of the average weighted bond yield (especially in the production sector). Such indicators as the corporate bond market volume and investment activity of bond issuers showed positive dynamics. At the same time, deterioration in issuers’ failure to discharge their obligations to bondholders was observed.
Classification-JEL: G1, G3, G15
Keywords: Financial Markets
Journal: Russian Economic Developments
Year: 2014 
Issue: 12
Month: December
Pages: 10-13
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/421Khudko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:421