Moscow Exchange Updates Methodologies For Its Equity Indices

On 4 February 2014 Moscow Exchange approved changes to the methodology used to calculate the Broad Market, Second-Tier, Blue-Chip, MICEX Innovation and Sectoral Indices.

The updated methodologies include a new procedure for using official closing prices in the index calculation process. Price filtering principles used to calculate the indices as well as eligibility factors were also changed. The Exchange's trading modes used for the index calculation process were detailed. In addition, the free float calculation provisions were moved to a separate methodology.