MICEX-RTS Group Released Weekly Market Report - June 18-22, 2012
OREANDA-NEWS. July 03, 2012. The total trading volume in MICEX-RTS for the week of June 18-22, 2012 equaled RUB8.6 trillion. Average daily trading volume amounted to RUB1,729 billion, up 4.4% from the previous week. Trading in securities, RDRs and mutual funds units made up 3% (RUB220 billion) of the total trading volume, the fixed income market share was 2% (RUB138 billion), the derivatives market - 12% (RUB1,068 billion) and the FX and money market - 83% (RUB7,217 billion).
Secondary market trading volume totaled RUB220 billion last week. Average daily trading volume was RUB44 billion, down 10.1% from the previous week. The Main Market sector made up 89% of the total secondary market trading volume, the Standard sector - 11 %, the Classica sector - 0.2%. OTC trades volume equaled RUB37 billion or 14% of the combined value of secondary market trades and OTC trades.
Over the week of June 18-22, 2012, the MICEX Index went down by 2% to reach 1,347.15 points (1,375.23 points as of June 15, 2012). The dollar-denominated RTS Index lost 4.2% to reach 1,281.88 points (1,337.5 points as of June 15, 2012). The US dollar appreciated by 2.8% against the ruble. Capitalization of the cash equity market shed 2.1% and amounted USD718.09 billion as of the last day of the week (USD733.16 billion as of June 15, 2012).
Blue chips behaved as follows last week: ordinary shares c Rosneft gained 1.8% to reach RUB204.48, OJSC "Polyus Gold" 0.7% to RUB1,030, OJSC "MMC "NORILSK NICKEL" - 0.3% t RUB5,241. Ordinary shares of Sberbank shed 0.7% to reac RUB83.76, Gazprom - 0.8% to RUB154.9, Rostelecom - 1% t RUB110.5, JSC "LUKOIL" - 1.3% to RUB1,715, VTB Bank 1.3% to RUB0.06, Surgutneftegas - 2.6% to RUB26.06, "FG( UES", JSC - 8.1% to RUB0.18.
The week's top sellers were of Sberbank ordinary shares (SBER with a turnover of RUB63 billion (29% of a total trading volume followed by Gazprom (GAZP) with a turnover of RUB38 billio (17%), JSC "LUKOIL" (LKOH) - RUB24 billion (11%), Rosneft RUB19 billion (9%) and OJSC "MMC "NORILSK NICKEL" RUB8 billion (4%). Other securities absorbed RUB67 billio (30%) of the total trading volume.
Last week trading volume on the secondary market for fixed income instruments equaled RUB138 billion. Average trading volume amounted to RUB28 billion, up 1.8% from the previous week. Secondary market turnover in corporate bonds was RUB60 billion (43% of the total trading volume), in regional bonds - RUB6 billion (4%) and in government bonds - RUB72 billion (52%). Total volume of funds raised in bond issues placements amounted to RUB29 billion.
The MICEX Corporate Bond Index (MICEX CBI CP) gained 0.01% to 91.51 points last week (91.5 points as of June 15, 2012). The MICEX Municipal Bond Index (MICEX MBI) was down 0.07% to 95.91 points (95.98 points as of June 15, 2012). The Russian Government Bond Index (RGBI) lost 0.37% to 128.39 points (128.87 points as of June 15, 2012).
For the week of June 18-22, 2012 the total trading volume on the MICEX-RTS Derivatives market equaled RUB1,068 billion or 25 billion contracts. The average daily volume traded on the market was RUB214 billion, down 0.5% from the previous week. The total open interest as of the last day of the week reached RUB208 billion or 6 million contracts. Index derivatives made up 55% of the total trading volume (RUB585 billion), FX derivatives - 38% (RUB405 billion), equity derivatives - 5% (RUB51 billion), commodity derivatives - 1.8% (RUB20 billion) and interest rate derivatives - 0.6% (RUB7 billion).
The last week's best sellers of the derivatives market were the RTS Index futures contract (RT) with a trading volume reaching RUB582 billion (54%), the USD/RUB FX futures contract (Si) with RUB377 billion (35%), the EUR/USD FX futures contract (ED) with RUB27 billion(3%), the futures contract on Sberbank ordinary shares (SB) with RUB27 billion (3%), and the futures contract on Gazprom ordinary shares (GA) with RUB14 billion (1%). Other derivative instruments were traded for a total of RUB40 billion (4%).
The US dollar and euro strengthened against the ruble last week. The US dollar with tomorrow settlement added 91.3 kopecks (2.8%) reaching 33.3742 rubles per dollar. The euro with tomorrow settlement gained 95 kopecks (2.3%) reaching 41.9164 rubles per euro as of June 22, 2012.
FX market trading volume for the week totaled RUB2,297 billion. The average daily trading volume was RUB532 billion, up 1.1% from the previous week. Spot trading volume reached RUB1,574 billion or 59.1% of the total trading volume. Swap operations accounted for 10.9% of the total trading volume (RUB1,087 billion). The USD/RUB transactions made up 86.3% of the total trading volume on the market with a total value of RUB2,297 billion, the EUR/RUB transactions - 12.4% with a total value of RUB330 billion, the EUR/USD transactions - 0.9% with RUB24 billion, the CHY/RUB transactions - 0.01% with RUB0.19 billion and transactions in dual currency basket - 0.4% with RUB10 billion.
Money Market trading volume equaled RUB4,555 billion last week. The average daily trading volume was RUB911 billion, up 8.7% from the previous week. Volume of inter-dealer repo transactions on the Money market amounted to RUB1,494 billion (32.8% from the total trading volume), volume of direct repo transactions with the Bank of Russia - RUB2,916 billion (64%), volume of Bank of Russia's deposit operations - RUB146 billion (3.2%, including Bank of Russia's deposits - RUB145 billion and deposit auctions of Vnesheconombank - RUB1 billion).
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