Template-Type: ReDIF-Article 1.0
Author-Name:E. Gorbatikov
Author-Name-First:E.  
Author-Name-Last: Gorbatikov
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: RUSSIAN FINANCIAL MARKETS IN DECEMBER 2015
Abstract: December 2015 saw crude oil prices plunge, hitting 2008 lows. This pushed down the MICEX Index (5.7%) and all sector indices (except transport and chemical industries) and Russian blue-chip stocks (except VTB). MICEX average daily turnover and capitalization was down 7.8% and 7.7%, respectively, compared with the previous period under review. Norilsk Nickel removed LUKOIL from the list of top 3 stocks of MICEX daiy turnover. Investors continued to withdraw from Russia-focused mutual funds. The Russian corporate
bond market slumped amid adverse external conditions, not leading to a seasonal market rally. Nevertheless, the key indicators such as corporate bond market volume and index saw moderately positive dynamics; investors and issuers activity remained at high level. An increase, small though it was, in the weighted average yield rate of bond issuances and worsening of the problem
with Russian bonds that default were the key adverse factors.
Classification-JEL:G1, G3, G15
Keywords: Financial Markets, Russian Economy
Journal: Russian Economic Developments
Year: 2016 
Issue: 1
Month: January
Pages: 10-16
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/664Khudko.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:664