RUXX investment index set to open up 2.03%

MOSCOW, June 29 (RIA Novosti) - Russia's newest investment index will open Thursday at 596.05 points, up 2.03% on the previous day's trading, following Wednesday evening's sessions on major world trading floors.

The Russian Industrial Leaders Index (RUXX) is a composite economic index of 20 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 RUXX has been calculated since January 1, 2006, and has been available for all global trading systems since February 1 this year with an initial base of 500 points.

In May the index went down 15% following a 14% increase in April. In early May the index hit record high of 758 points.

The index is calculated in U.S. dollars and weighted according 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.

The index includes Tatneft (NYSE, LSE), MTS (NYSE), Rostelecom (NYSE, LSE), VimpelCom (NYSE), Wimm-Bill-Dann (NYSE), Mechel (NYSE), Gazprom (LSE), LUKoil (LSE), Novatek (LSE), AFK Sistema (LSE), Golden Telecom (Nasdaq), Rambler Media Group (LSE), Norilsk Nickel (LSE, Nasdaq), Mosenergo (LSE, NYSE), Novolipetsk Steel (LSE), Unified Energy System (LSE, NYSE), Surgutneftegaz (LSE), STS Media (Nasdaq), Pyaterochka (LSE) and Comstar UTS (LSE).

The RUXX Index was launched by Press Release Group, a New York-based communications company, and RIA Novosti. It is calculated and disseminated by Dow Jones & Company. The index is published daily at 5.55 p.m. EST (10.55 p.m. GMT) by the Dow Jones ITC 2.1 data feed system and the Chicago Board of Trade.

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