Russian Industrial Leaders Index

Last updated September 02, 2019

The Russian Industrial Leaders Index (RUXX) is a composite index of Russian companies traded on global exchanges. The RUXX is calculated by Dow Jones & Company and managed by Press Release Group and RIA Novosti, the Russian State Information Agency.

Russia, or the Russian Federation, is a transcontinental country in Eastern Europe and North Asia. At 17,125,200 square kilometres (6,612,100 sq mi), Russia is by a considerable margin the largest country in the world by area, covering more than one-eighth of the Earth's inhabited land area, and the ninth most populous, with about 146.79 million people as of 2019, including Crimea. About 77% of the population live in the western, European part of the country. Russia's capital, Moscow, is one of the largest cities in the world and the second largest city in Europe; other major cities include Saint Petersburg, Novosibirsk, Yekaterinburg and Nizhny Novgorod. Extending across the entirety of Northern Asia and much of Eastern Europe, Russia spans eleven time zones and incorporates a wide range of environments and landforms. From northwest to southeast, Russia shares land borders with Norway, Finland, Estonia, Latvia, Lithuania and Poland, Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia and North Korea. It shares maritime borders with Japan by the Sea of Okhotsk and the U.S. state of Alaska across the Bering Strait. However, Russia recognises two more countries that border it, Abkhazia and South Ossetia, both of which are internationally recognized as parts of Georgia.

Dow Jones & Company is an American publishing and financial information firm that has been owned by News Corp. since 2007.

RIA Novosti, sometimes RIA for short, was Russia's international news agency until 2013 and continues to be the name of a state-operated domestic Russian-language news agency. Operating under the purview of the Russian Ministry of Communications and Mass Media, RIA Novosti is headquartered in Moscow and operated about 80 bureaus internationally. On 9 December 2013 President of Russia Vladimir Putin ordered RIA Novosti's liquidation and the creation of a Russian international news agency Rossiya Segodnya. Dmitry Kiselev, an anchorman of the Russia-1 channel was appointed to be the first president of the new information agency. RIA Novosti was scheduled to be closed down in 2014; starting in March 2014, staff were informed that they had the option of transferring their contracts to Rossiya Segodnya or accepting voluntary redundancy. On 10 November 2014, Rossiya Segodnya launched the Sputnik multimedia platform as the international replacement of RIA Novosti and Voice of Russia. Within Russia itself, however, Rossiya Segodnya continues to operate its Russian language news service under the name RIA Novosti with its ria.ru website.

It is a free-float market capitalization index: the higher the free-float market capitalization of the company, the higher its respective weight in the RIXX. A 20% weight cap factor is applied to the Index constituents. Usually, changes in the market capitalization and weights are implemented during quarterly review of the Index, according to the Dow Jones Indexes procedures.^[1]

Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares.

The Index is computed using the last sale price for the trading day (5.30 pm, New York time). Its constituents include Russian companies whose stocks or Global Depository Receipts are listed on global exchanges: New York Stock Exchange, London Stock Exchange, Nasdaq or AMEX.

The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.

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The Nasdaq Stock Market is an American stock exchange. It is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the same city. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic and Nasdaq Baltic stock market network and several U.S. stock and options exchanges.

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References

↑ Russian Investment Index RUXX up 1.67 %, Murmansk & Shtokman News, August 14, 2007.

External links

RUXX Media Kit (Press Release Group)
RUXX – New index of investment attractiveness of Russian companies on foreign markets (RIA Novosti)
RUXX on Yahoo! Finance

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[1] Russian Investment Index RUXX up 1.67 %, Murmansk & Shtokman News, August 14, 2007.