Template-Type: ReDIF-Article 1.0
Author-Name:Elizaveta Khudko
Author-Name-First:Elizaveta   
Author-Name-Last: Khudko
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Author-Name:E. Gorbatikov
Author-Name-First:E.   
Author-Name-Last: Gorbatikov
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title:  RUSSIA’S FINANCIAL MARKETS IN AUGUST-SEPTEMBER 2015
Abstract: The period under review (between 31 August 2015 and 25 September 2015) saw moderate downtrend for all
of the Russian major stock market indicators: the MICEX Index dropped 5.4%, including all sector indices except
the Mechanical Engineering Index, and all blue chips showed downside dynamics. Capital outpfl ow during the
month totalled $238.1m, more than $1bn on a year-to-date basis. The situation in the Russian corporate bond
market remained complex. The key adverse development was driven by the weakening trend in activity of bond
issuers and investors; issuers’ defaults on obligations to bondholders still remained a problem. Nevertheless, the
key market indicators such as the corporate bond market volume and index and the weighted average yield rate
of bond issuances showed moderate uptrend dynamics (especially in the fi nancial and technological segments of
the market).
Classification-JEL: E30, E31, C81, L11
Keywords: Financial markets
Journal: Russian Economic Developments, Russian Economy
Year: 2015
Issue: 10
Month: October
Pages: 15-19
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/592Khudko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:592