RMX is a Russian stock market performance benchmark since it reflects the gain in the cost of a stock basket, which is the best representative sampling of the Russian stock market. Share fractions in the RMX basket are shown as a proportion of their capitalization and the total capitalization of all indexed shares, which reflects the Russian stock market structure with a certain approximation. RMX index capitalization covers approximately 80% of the market capitalization of stocks, listed in the Russian stock exchanges' quotations. The index is based on the data on all stock transactions acquired in real-time mode. That is why it is updated with unprecedented frequency - approximately 25,000 times a day.
The RMX index is calculated simultaneously in Russian rubles and US dollars. Historical values of the index are calculated for the period from the beginning of 1998, which makes RMX a reliable analytical indicator.
Information on RMX is available through Reuters products.
MICEX and Reuters cooperation is aimed at the development of an index, which market participants can rely on and which meets international standards on calculation method and information quality. RMX can be a useful tool in assessment of efficiency of investment portfolio management by both institutional and private investors. Unit investment trust portfolios can be formed on the basis of the index stock basket.
