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Russian investment index slips 1.12%

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MOSCOW, April 26 (RIA Novosti) - Russia's newest investment index slipped Wednesday by 1.12% on the previous day to 693.35 points following Tuesday evening's trading sessions on major world trading floors.

The Russian Industrial Leaders Index (RUXX) has been calculated in U.S. dollars since January 1, 2006, and has been available for all global trading systems since February 1 this year. It has an initial base of 500 points.

On Monday RUXX hit the 700-point mark, predicted by experts for the first quarter of 2006.

RUXX is a composite economic index of Russian companies with financial instruments (shares and depository receipts) placed on major world trading floors, including the New York Stock Exchange, the London Stock Exchange, Nasdaq and AMEX.

The index includes 17 Russian companies listed abroad: 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), and Surgutneftegas (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.

In March, the RUXX index went up 3.5%.

The index is based on companies' weight depending on their 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 is published daily at 05.55 p.m. EST by the Dow Jones ITC 2.1 data feed system and the Chicago Board of Trade.

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