Financial Markets in May 2014

In May 2014, Russia's stock market continued its steady recovery. As of 26 May, the MICEX Index stood at 1,449.3 points, having grown since the beginning of that month by more than 11%. The growth leader among highly liquid shares were VTB Bank's securities – over the period from 2 May through 26 May they rose 24.25%. However, the highest annual yield on shares – more than 40% per annum – was shown by Norilsk Nickel. As of 26 May, the stock market's capitalized on amounted to Rb 22.9 trillion (or 35.3% of GDP)