About the Moscow Exchange
The Moscow Stock Exchange is the largest stock exchange in Russia and sits among the top 30 leading stock exchanges in the world. Trading in bonds, derivatives, money markets, precious metals and the foreign exchange market, the Moscow Stock Exchange is a part of the Moscow Exchange Group.
The Moscow Exchange is divided into three segments: The Main Market, the Standard Market and the Classica. The Main Market segment is that which is most liquid, and the trades here are executed with the advance depositing of assets with the Central Counterparty.
On this page you’ll find a list of the companies whose stock trades on the Moscow Exchange, relevant indices that track the exchange, a brief summary of its history, and the performance of today’s tradable stocks.
The Moscow Exchange is comparatively young compared to other such institutions around the world, having been formed in December 2011. At this point, the two biggest exchanges in Moscow were merged together – the Moscow Interbank Currency Exchange and the Russian Trading System. This created the Moscow Exchange we know today.
Both of these organisations that combined to create the Moscow Exchange were formed in the 1990s, and both were leading Russian exchanges for more than two decades. The merger to create the Moscow Exchange was the start of Russia’s plan to make Moscow its premier international finance centre, with the exchange being rebranded in time for 2012.
As of 2013, the Exchange completed its Initial Public Offering (IPO) and raised 15 billion rubles (equating to around $500 million). At the time, this Initial Public Offering was oversubscribed by more than twice, and this shows how significant the demand was from institutional investors around the world. From November 2013, the shares were included in the MSCI Russia Index, and in 2014, the Central Bank of Russia completed the public sale of the shares. This represented a total of 12% of the exchange.
Russian Federal Law asked that the Central Bank sell its shares in the exchange by 2016 and by the end of 2018, the Moscow Exchange was offering gold futures.
There are two main indices used by the Moscow Stock Exchange to track performance:
- MOEX Russia Index
- RTS Index
Both of these Indexes are weighted by market capitalisation. These are based on the most liquid Russian stock prices of the biggest Russian issuers with economic activities related to the main sectors on the exchange.
At present, there are more than 400 listings on the Moscow Stock Exchange, having grown from just 219 in 2016. The market cap of the exchange as of 2016 was at US$ 635 billion, and since that point, the Moscow Exchange has continued to grow.