Magnitogorsk Iron & Steel Works, or MMK, and power distributor MRSK Holding are the most likely stocks to join the MSCI Russia index when changes are announced this week, according to Troika Dialog and UralSib.
OGK-4, a utility controlled by E.On, is the most likely company to be dropped when MSCI announces the results of its semiannual review on Wednesday, said John Heisel, a sales trader at Citigroup.
MSCI Russia’s current weighting is 55 percent oil and gas, 16 percent in financials, 14 percent materials, 7 percent telecoms, 5 percent utilities and 3 percent consumer staples.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
