Support The Moscow Times!

MMK, MRSK in MSCI?

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)


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more