Polyus to become Moscow Exchange’s blue chip instead of Severstal

MOSCOW, Feb 28 (PRIME) -- The Moscow Exchange plans to include the ordinary shares of Russian gold producer Polyus in its Blue Chip index instead of the shares of steelmaker Severstal on March 20, the bourse said in a statement on Friday.

“Today Moscow Exchange announced results of a quarterly review for the MOEX indices. All changes were made upon recommendations from the Index Committee and will be implemented from March 20, 2020. The exchange has also set free floats for a number of companies,” the statement read.

“The changes in the constituent list of the Blue Chip Index are presented by addition of Polyus and exclusion of Severstal.”

The depository receipts of multi-industry holding En+ Group will be replaced with its shares, and the shares together with the depository receipts of payment system operator Qiwi will be considered to be added to the MOEX Russia Index and the RTS Index.

Other changes to the indices include addition of depository receipts of real estate developer Etalon Group and exclusion of Seligdar from the Broad Market Index, inclusion of ordinary shares of fertilizer producer Acron and Pharmacy Chain 36.6 in the SMID Index, and exclusion of ordinary shares of oil company RussNeft and oil and gas pipe producer TMK from the Oil and Gas Index.

The committee also recommended that the Moscow Exchange launch a new sectorial index for the Russian real estate industry.

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