Stock index of benchmark issuers introduced in Russian market
The first participants have been selected for the Shareholder Value Creation Programme launched by the Bank of Russia together with Moscow Exchange in early 2025. These are fast-growing companies that are determined to enhance their market capitalisation. The shares of these issuers have been included in the calculation base of the new stock index.
‘Companies from both financial and non-financial sectors were among the candidates to take part in the Programme,’ noted Ekaterina Abasheeva, Director of the Corporate Affairs Department at the Bank of Russia. ‘We have selected the issuers demonstrating the appropriate institutional quality. We expect them to emerge as the next generation of blue chips, that is, companies upholding strong corporate governance standards and focusing on increasing their investment appeal. We will continue collaborating with Moscow Exchange to expand the pool of top-tier issuers participating in the Programme.’
Decisions on including shares in the index are made by a committee comprising representatives of the Bank of Russia, Moscow Exchange, and Analytical Credit Rating Agency. The committee evaluates issuers’ corporate governance practices, information transparency, and financial performance. The Programme participants must reconfirm their status at least once a year. Only issuers whose shares are on Moscow Exchange’s Level 1 or Level 2 quotation lists are eligible for the Programme.