OREANDA-NEWS. February 20, 2012. For the week of February 6-10, 2011 the MICEX Index was down 2.53% to 1,525.17 points from 1,564.82 points as of February 3, 2012.

The RTS Index calculated based on prices in US dollar lost 1.38% to reach 1,603.25 points (1,625.60 points as of February 3, 2012). The US dollar depreciated by 1.68% against the ruble.

The stock market volatility rose last week, with the Russian Volatility Index increasing by 12.33% to 32.43 points (28.87 points as of February 3, 2012).

Last week most of the key economy sectors represented on the Russian stock market demonstrated a negative trend. The largest downturn was reported by the financial sector, with the relevant sector index falling by 3.52%. A significant decrease was also shown by the oil & gas and power sectors, with the MICEX O&G\ RTSog Index and MICEX PWR\RTSeu Index shedding 2.61% and 2.52% respectively. The growth was reported only by the engineering and consumer & retail sectors with the MICEX MNF\RTSin Index and MICEX CGS\RTScr Index rising 2.46% and 0.83% respectively.

The MICEX Innovation Index lost 2.46%.

Large cap companies were most affected by the last week's market decline, with the MICEX Large Cap Index going down by 2.97%. The MICEX Mid Cap Index and MICEX Small Cap Index lost 1.93% and 0.60% respectively.

For the week of February 6-10, 2012 the Russian stock market showed a decline of prices.

The MICEX Index went down to 1,525.17 points (2.53%) from 1,564.82 points as of February 3, 2012. At the end of the week the MICEX Index was 3.27% higher than a month ago (1,476.88 points as of January 10, 2012) and 9.04% lower than a year ago (1,676.77 points as of February 10, 2011).

Trading volume of securities included into the MICEX Index constituents list and traded on the Main market equaled RUB254.42 billion. By the end of the week the market capitalization of the Index component stocks amounted to RUB20,641.47 billion.

On the sector level the major negative contributors were the oil & gas (down 1.40%) and financial sectors (down 0.30%).

Out of 30 constituents of the MICEX Index 23 were pulling the Index down (down 2.74%), whereas seven securities had a positive impact (plus 0.21%). The most negative impact was mainly due to the falling prices for ordinary shares of Rosneft (down 0.64%), followed by NOVATEK (down 0.33%) and JSC VTB Bank (down 0.26%).

The positive effect leaders were Russian Depository Receipts of Sberbank representing rights on ordinary shares of United Company RUSAL Plc 1:10 (plus 0.06%).

The oil & gas sector accounted for 53.79% of the MICEX Index' total capitalization. The other large- weight sectors were financial (19.57%) and metallurgy (9.11%).

For the week of February 6-10, 2012 the RTS Index was down 1.38% to 1,603.25 points from 1,625.60 points as of February 3, 2012. At the end of the week the RTS Index was 9.08% higher than a month ago (1,469.76 points as of January 10, 2012) and 13.19% lower than a year ago (1,846.92 points as of February 10, 2011).

Last week's decrease of the RTS Index was accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 12.33%.

The US dollar depreciated by 1.68% against the ruble. Out of 50 Index constituents 16 were pulling the Index down (down 2.16%), whereas 18 securities had a positive impact (plus 0.78%). The price for 16 securities remained unchanged.

On the sector level the major negative contributors were the oil & gas (down 1.02%) and financial sectors (down 0.22%).

The negative impact was mainly related to the lowering prices for ordinary shares of Rosneft (down 0.56%) followed by NOVATEK (down 0.30%) and JSC VTB Bank (down 0.22%).

The positive effect leaders were ordinary shares of JSC "E.ON Russia" (plus 0.15%).

For the week of February 6-10, 2012 the total trading volume on the derivatives market FORTS equaled RUB669.54 billion rubles representing 6.84 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contracts on the RTS Index, amounted to RUB596.19 billion representing 6.09 million contracts.

The nearby RTS Index futures contract traded in contango last week while the next RTS Index futures were below the spot. By the end of the week the RTS Index lost 1.38%, while the March and June futures contracts shed 2.09% and 2.14% respectively.

The total investor's open interest measured in RTS Index futures decreased by 2.91%.

During the week, trading volume in futures contract on the MICEX Index was RUB3.94 billion representing 25.32 thousand contracts. Open interest in the contract decreased by 7.48%.

Trading volume in options on RTS Index futures totaled RUB68.20 billion representing 708.34 thousand contracts. By the end of the week, open interest of RUB99.03 billion or 1,075.99 thousand contracts was fixed. Call options made up 47.97% of the total open interest for these contracts. 170,000 strike calls had the highest open interest, while 140,000 strike calls had the lowest.

The total investor's open interest measured in options on the RTS index futures increased by 18.03%.