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On 4 February 2014 Moscow Exchange approved changes to the methodology used to calculate the Broad Market, Second-Tier, Blue-Chip, MICEX Innovation and Sectoral Indices.
The updated methodologies include a new procedure for using official closing prices in the index calculation process. Price filtering principles used to calculate the indices as well as eligibility factors were also changed. The Exchange's trading modes used for the index calculation process were detailed. In addition, the free float calculation provisions were moved to a separate methodology.
The updated MICEX Innovation Index methodology includes the index's formula with a divisor and the last trade price, i.e., the same approaches used to calculate other indices.
The Exchange will announce the effective date of the updated methodology in due course.
For more details and the full text of the updated methodology, please follow this link
