Moscow Exchange to exclude Mechel’s shares from indices Mar 22

MOSCOW, Feb 27 (PRIME) -- The Moscow Exchange plans to exclude common shares of Russian metals and mining group Mechel from the lists of its main indices staring from March 22, the bourse said in a statement on Wednesday.

“The Moscow Exchange has announced today the results of a quarterly review for the MOEX indices. All changes were made following recommendations from the Index Committee and will be introduced from March 22…Mechel (ords) will be removed from the MOEX Russia Index and the RTS Index,” the bourse said.

The bourse is also considering inclusion of depositary receipts of multi-industry holding En+ Group into the indices, and is also considering exclusion of common shares of pipeline producer TMK from the indices.

“The constituent list of the Blue Chip Index will remain unchanged,” the Moscow Exchange said.

The list of changes also comprises inclusion of common shares of gold producer Buryatzoloto and preferred shares of chemical company Khimprom into the Broad Market Index, while common shares of Russian Aquaculture will be excluded from it, as well as from the Consumer & Retail Index.

The bourse will also add common shares of RusHydro to the Small and Mid-Capitalization Index and remove common shares of Novorossiysk Commercial Sea Port (NCSP) and Center Interregional Distribution Grid Company (Center IGDC) from the index.

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