By Marcus Williams
The RTS Stock Exchange yesterday launched its RTS Standard Index based on trades in and quotes for the top 15 most liquid stocks on the bourse.
The new index, published by the exchange under the symbol RTSSTD, had an initial value of 10,12303 at the start of the trading session.
The new index has been designed as a benchmark for the Russian blue chips market. The main RTS Index is based on a basket of 50 most highly capitalised Russian stocks tracks performance of the entire Russian market, while the RTS-2 Index ireflects the moves of the second tier stocks market.
The index is calculated on the basis of ruble-denominated prices for the constituent stocks.
The RTS Standard Index is calculated from 10.30 am to 11.50 pm MSK, which allows investors to follow the Russian cash equities market when the global markets are open. The index is calculated on the basis of ruble-denominated prices for the constituent stocks.
