MICEX-RTS Group Released Weekly Market Report 02 - 06 July 2012
OREANDA-NEWS. July 24, 2012. . The total trading volume in MICEX-RTS for the week equaled RUB7.7 trillion. Average daily trading volume amounted to RUB1,530 billion, down 11.7% from the previous week. Trading in securities, RDRs and mutual funds units made up 3% (RUB209 billion) of the total trading volume, the fixed income market share was 3% (RUB252 billion), the derivatives market - 13% (RUB978 billion), the FX and money market - 81% (RUB6,214 billion).
Secondary market trading volume totaled RUB209 billion last week. Average daily trading volume was RUB42 billion, up 4.5% from the previous week. The Main Market sector made up 93% of the total secondary market trading volume, the Standard sector - 7%, the Classica sector - 0.2%. OTC trades volume equaled RUB30 billion or 13% of the combined value of secondary market trades and OTC trades.
Over the week, the MICEX Index went up by 1.9% to reach 1,414.28 points (1,387.52 as of June 29, 2012 ). The dollar- denominated RTS Index was up 0.5% to reach 1,357.71 points (1350.51 points as of June 29, 2012 ). The US dollar depreciated by 0.3% against the ruble. Capitalization of the cash equity market was up 3.8% and amounted USD756.63 billion as of the last day of the week (USD728.72 billion as of June 29, 2012 ).
Ordinary shares of the following blue chip companies surged: "FGC UES", JSC — by 12.7% to RUB0.22, Surgutneftegas — by 4.3% to RUB27.9, Sberbank of Russia — by 3.3% to RUB89.2, Rostelecom — by 1.6% to RUB118.39, Oil Company Rosneft — by 1.5% to RUB207.3, OAO "LUKOIL" — by 1.3% to RUB1,825.4, GAZPROM Open Joint-Stock Company — by 1.1% to RUB155.41, OJSC "Polyus Gold" — by 1% to RUB1,043. Prices of the following ordinary shares shed: OJSC "MMC "NORILSK NICKEL" — by 0.8% to RUB5,335, VTB Bank (open joint-stock company) — by 1.4% to RUB0.06.
The week's top sellers were of Sberbank of Russia ordinary shares (SBER) with a turnover of RUB68 billion (33% of a total trading volume) followed by GAZPROM Open Joint-Stock Company (GAZP) with a turnover of RUB34 billion (16%), OAO "LUKOIL" (LKOH) - RUB20 billion (10%), VTB Bank (open joint- stock company) (VTBR) - RUB14 billion (7%), and Oil Company Rosneft (ROSN) - RUB8 billion (4%). Other securities absorbed RUB64 billion (31%) of the total trading volume.
Last week trading volume on the secondary market for fixed income instruments equaled RUB252 billion. The average daily trading volume amounted to RUB50 billion, up 13.9% from the previous week. Secondary market turnover in corporate bonds was RUB125 billion (50% of the total trading volume), in regional bonds - RUB11 billion (4%), government bonds - RUB116 billion (46%). Total volume of bonds issues placed amounted to RUB45 billion.
The MICEX Corporate Bond Index (MICEX CBI CP) gained 0.11% to 91.75 points last week (91.65 points as of June 29, 2012). The MICEX Municipal Bond Index (MICEX MBI CP) was down 0.11% to 95.82 points (95.93 points as of June 29, 2012). The Russian Government Bond Index (RGBI) added 1.05% to 130.16 points (128.81 points as of June 29, 2012).
For the week the total trading volume on the Moscow Exchange Derivatives market equaled RUB978 billion or 21 billion contracts. The average daily volume traded on the market was RUB196 billion, up 0.4% from the previous week. The total open interest as of the last day of the week reached RUB286 billion or 7 million contracts. Index derivatives made up 60% of the total trading volume (RUB590 billion), equity derivatives — 5% (RUB49 billion),FX derivatives - 32% (RUB312 billion), interest rate derivatives - 0.7% (RUB7 billion), and commodity derivatives - 2.1% (RUB21 billion).
The last week's bestsellers of the derivatives market were the RTS Index futures contract (RT), with a trading volume reaching RUB586 billion (60%), USD/RUB FX futures contract (Si) with RUB281 billion (29%), EUR/USD FX futures contract (ED) with RUB30 billion (3%), futures on Sberbank ordinary shares (SB) with RUB27 billion (3%), and futures on Gazprom ordinary shares (GA) with RUB14 billion (1%). Other derivative instruments were traded for a total of RUB39 billion (4%).
The US dollar and euro weakened against the ruble last week. The US dollar with tomorrow settlement fell by 10.3 kopecks (0.3%) reaching 32.6808 rubles per dollar. The euro with tomorrow settlement fell by 92 kopecks (2.2%), reaching 40.4178 rubles per euro as of July 06, 2012 .
FX market trading volume for the week totaled RUB2,245 billion. The average daily trading volume was RUB449 billion, down 19.8% from the previous week. Spot trading volume reached RUB1,326 billion or 59.1% of the total trading volume. Swap operations accounted for 40.9% of the total trading volume (RUB919 billion).
The USD/RUB transactions made up 82.1% of the total trading volume on the market with a total value of RUB1,843 billion,
the EUR/RUB transactions - 17% with a total value of RUB381 billion, the EUR/USD transactions - 0.8% with RUB18 billion, the
CHY/RUB transactions - 0.001 % with RUB0.09 billion and transactions in dual currency basket - 0.1% with RUB3 billion.
Money Market trading volume equaled RUB3,969 billion last week. The average daily trading volume was RUB794 billion, down 11.2% from the previous week. Volume of inter-dealer repo transactions on the Money market amounted to RUB1,505 billion (37.9% from the total trading volume), volume of direct repo transactions with the Bank of Russia - RUB2,340 billion (59%), volume of Bank of Russia's deposit operations - RUB124 billion (3.1%) including Bank of Russia's deposits - RUB123 billion., deposit auctions of Vnesheconombank - RUB1 billion).
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