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Russian Financial Markets In June 2013

Author

Listed:
  • Nikita Andrievskiy

    (Gaidar Institute for Economic Policy)

  • Elizaveta Khudko

    (Gaidar Institute for Economic Policy)

Abstract

The Russian stock market in June was under the negative influence of the dynamics in international stock markets. Reduction in dividends on shares of “Gazprom” to Rb 8.97 per share for the 2011, to 5.99 rubles per share as of a result of 2012) led to a decrease in stock quotations of the company by 13.1% in June, which, in the aggregate, provided the loss of 28.5% of the value of the company for the year since June 2012 In addition, stocks of metallurgical and electric power companies continued to fall down in price and the capitalization of the stock market has reduced by Rb 575bn and as of June, 26 was Rb 22.3 trillion (35.8% of GDP). In the domestic corporate bond market in June the activity of issuers and investors has grown, but the index of corporate bonds decreased and the average yield (especially in the manufacturing and energy sectors) grew..

Suggested Citation

  • Nikita Andrievskiy & Elizaveta Khudko, 2013. "Russian Financial Markets In June 2013," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 11-14, July.
    • Handle: RePEc:gai:recdev:154
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    File URL: http://www.iep.ru/files/RePEc/gai/recdev/154Khudko.pdf
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    More about this item

    Keywords

    Financial Markets;

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G3 - Financial Economics - - Corporate Finance and Governance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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