Page 71 - bne IntelliNews Russia Country report May 2017
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8.3 Stock market
After a rapid re-rating in 2016 the Russian market has been underperforming this year. The ruble denominated Moscow Interbank Currency Exchange (MICEX) is down 15% YTD as of the end of May and the dollar denominated Russia Trading System (RTS) was down 9%. Investors are waiting for triggers and strong earnings growth, but politics is are holding back inflows.
71 RUSSIA Country Report May 2017 www.intellinews.com
