07:23 GMT07 June 2020
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    RUXX investment index set to open 2.49% up

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    MOSCOW, April 8 (RIA Novosti) - Russia's investment index will open Tuesday at 888.31 points, up 2.49% following Monday evening's sessions on major world trading floors.

    The Russian Industrial Leaders Index (RUXX) is a composite economic index of 30 Russian companies with financial instruments (shares and depository receipts) placed on bourses, including the New York Stock Exchange, the London Stock Exchange, the Nasdaq and AMEX.

    The index declined 1.4% in March, following a 7.9% rise in February.

    The RUXX has been available for all global trading systems since February 1 2006 with an initial base of 500 points, and rose 55.3% by the end of the year. The number of companies included in the index has increased from 17 to 30.

    The index is calculated in U.S. dollars and weighted according to companies' market capitalization. The higher the market capitalization, the larger the company's share in the index, with a weight cap of 20% for each company. Market capitalization and share weights in the index are changed quarterly.

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