Abstract
As in June, the MICEX Index in July was fluctuating near 1630 index points. However, it ended at the lowest in the period under review, down 3% within the month. The Oil & Gas Index fell and the oil & gas industry lost near 1% in the MICEX capitalization structure due to more than a 13% fall of oil prices. The Chemical and Petrochemical Index advanced higher than other industry indices. The MICEX daily average turnover declined for the third straight month. The situation in the Russian domestic corporate bond market was relatively normal despite adverse external environment and negative internal trends in the economy. The key market indicators such as the corporate bond market volume and index, the weighted average yield rate of bond issuances; investors’ activity remained high in the primary and secondary markets (particularly in the financial segment). Defaults on obligations to bondholders still remained a problem.
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