Moscow Exchange traded at 175.05 this Friday March 20th, increasing 0.97 or 0.56 percent since the previous trading session. Looking back, over the last four weeks, Moscow Exchange gained 3.51 percent. Over the last 12 months, its price fell by 17.85 percent. Looking ahead, we forecast Moscow Exchange to be priced at 168.85 by the end of this quarter and at 151.55 in one year, according to Trading Economics global macro models projections and analysts expectations.
Moskovskaya Birzha MMVB-RTS PAO (MMVB-RTS OAO) is a Russia-based integrated stock exchange that provides electronic trade organization, clearing and settlements on trades, depository and information services. The Company provides trading and settlement services in such segments of the financial market as foreign exchange (FX) market, federal bonds market, market of derivative financial instruments, cash equities market, corporate and regional fixed income market, commodities market, as well as market for state and municipal orders. The Company was established as a result of the merger between MMVB ZAO and RTS OAO. It operates through six branches and three representative offices. As of February 27, 2013, the Company’s major shareholder was the Central bank of the Russian Federation with a stake of 22.47%. In January 24, 2014, the Company sold its whole stake in MMVB-IT ZAO.