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Good news at the Russian stock market: MOEX Index has several times updated historical peak in June 2019 and is close to the value of 2800 items. General capitalization of companies amounted to 663 billion USD or 40% of GDP on June, 14.
Capitalization is total market value of all shares of a company at specified date.
JSC GAZPROM is the most expensive company of Russia with 84,1 billion USD market capitalization. Besides, monopoly value has on almost 70% increased within a year (s. the table 1). The main reason for increasing quotation prices was reconsideration of dividends for 2018 to the higher side: from 10,43 RUB to 16,61 RUB per share, that exceeded expectations of the shareholders.
Securities of other participants of the ranking also showed positive trends.
If domestic stock market is considered at a global basis, despite significant growth, some peculiar downsides should be mentioned:
Rank | Company | Capitalization on 14.06.2019, billion USD | Capitalization on 15.06.2018, billion USD | Increase (decrease) of capitalization,% | Scope of activities |
1 | JSC GAZPROM | 84,1 | 50,0 | 68,2 | Fuel and energy complex |
2 | JSC SBERBANK | 79,1 | 69,3 | 14,1 | Banks |
3 | JSC ROSNEFT OIL COMPANY | 66,3 | 62,3 | 6,4 | Fuel and energy complex |
4 | JSC NOVATEK | 60,8 | 37,4 | 62,6 | Fuel and energy complex |
5 | JSC LUKOIL Oil Company | 59,6 | 52,9 | 12,7 | Fuel and energy complex |
6 | JSC Mining and Metallurgical Company NORILSK NICKEL | 35,4 | 26,9 | 31,6 | Metallurgical industry |
7 | JSC Gazprom Neft | 28,9 | 23,5 | 23,0 | Fuel and energy complex |
8 | JSC Tatneft | 25,6 | 21,7 | 18,0 | Fuel and energy complex |
9 | JSC NOVOLIPETSK STEEL | 16,8 | 15,5 | 8,4 | Metallurgical industry |
10 | JSC SEVERSTAL | 14,4 | 13,4 | 7,5 | Metallurgical industry |
Article 13.19 of the Code of Administrative Offences of the Russian Federation provides administrative liability in the form of penalties for non-provision and delay in provision of primary statistical data or errors in statistical reports: for public officers – from 10 000 to 20 000 rubles, for legal entities – from 20 000 to 70 000 rubles.
Secondary offence is subject to fines from 30 000 to 50 000 rubles, and for legal entities – from 100 000 to 150 000 rubles.
Russian Federal Statistics Service by its letter from April 24, 2019 No. SE-04-4/55SMI «On updates of reports to the Federal Statistics Service» explains that respondents that have made errors in primary statistical data must send corrected data within 3 days since their finding (by themselves, of after written notifications of regional statistics bodies or other subjects of official statistics service). The corrected data is to be accompanied by explanations of corrections and further details if necessary.
In these cases penalties are not to be applied due to attenuating circumstances, according to Articles 4.1 and 4.2 of the Code of Administrative Offences of the Russian Federation.
Delays in provision of corrected reports are to be considered by regional statistics bodies in each case individually.