Financial Markets in September 2013

Abstract

Crude oil prices advanced late in August 2013 and pushed up the MICEX index by 5.52% during the first decade in September 2013. As of September 26, 2013, the MICEX index advanced by 8.6% since the beginning of the month and reached 1485 points. OJSC Sberbank stocks grew up by 14.39% during 26 days in September, showing maximum growth among blue chips. Stock market (MICEX) capitalization reached Rb 25.09 trillion (40.09% of GDP) by September 26, 2013. Domestic corporate bond market indicators such as market capacity, corporate bond market index, average weighted yield, activity of issuers and investors (especially in the financial segment) showed a positive trend. However, a few technical and real defaults were declared.