OREANDA-NEWS. September 18, 2012. The total trading volume in Moscow Exchange equaled RUB6.3 trillion for the week. Average daily trading volume amounted to RUB1,250 billion, 14.8 % down from the previous week. Trading in securities, RDRs and mutual funds units made up 3 % (RUB197 billion) of the total trading volume, the fixed income market share was 3% (RUB207 billion), the derivatives market - 17% (RUB1,045 billion), the FX and money market - 77% (RUB4,802billion).

Secondary market trading volume totaled RUB197 billion last week. Average daily trading volume was RUB39 billion, up 11.2% from the previous week. The Main Market sector made up 93% of the total secondary market trading volume, the Standard and the Classica sectors made up 7% and 0.2% respectively. OTC trades volume equaled to RUB146 billion or 43% of the combined value of secondary market trades and OTC trades.

Over the week, the MICEX Index went up by 3.6% to reach 1,474.58 points (1,422.91 as of 31 August 2012 ). The dollar- denominated RTS Index went up by 5.9% to reach 1,471.8 points (1,389.72 as of 31 August 2012 ). The US dollar depreciated by 1.7% against the ruble. Capitalization of the cash equity market went up by 3.4% and amounted to USD780.96 billion as of the last day of the week (USD754.98 billion as of 31 August 2012).

Ordinary shares of the following blue chip companies surged: FGC UES — by 8.1% to RUB0.22, VTB Bank — by 6.2% to RUB0.06, LUKOIL —by 4.8% to RUB1926, Rosneft—by 4.1% to RUB200.67, GAZPROM — by 3.7% to RUB163.24, NORILSK NICKEL —by 3.6% to RUB4945, Surgutneftegas — by 3.3% to RUB28.8, Polyus Gold — by 2.1% to RUB991.4, Rostelecom — by 1.7% toRUB125.52, Sberbank — by 0.8% to RUB93.86,

The week’s top sellers were Sberbank (SBER) shares with the turnover of RUB60 billion (30% of a total trading volume) followed by GAZPROM (GAZP) with the turnover of RUB38 billion (19%), LUKOIL (LKOH) - RUB 15 billion (8%), VTB Bank (VTBR) - RUB12 billion (6%), and NORILSK NICKEL (GMKN) - RUB10 billion (5%). Other securities absorbed RUB63 billion (32%) of the total trading volume.

Last week trading volume on the secondary market for fixed income instruments equaled RUB207 billion. Average trading volume amounted to RUB41 billion, down 7.3% from the previous week. Secondary market turnover was RUB95 billion (46% of the total trading volume) in corporate bonds, RUB15 billion (7%) in regional bonds, and RUB97 billion (47%) in government bonds. Total volume of bond issues placed amounted to RUB49 billion.

The MICEX Corporate Bond Index (MICEX CBI CP) remained unchanged at 92.07 points (92.11 points as of 31 August 2012), The MICEX Municipal Bond Index (MICEX MBI CP) was up 0.11% to 96.21 points (96.1 points as of 31 August 2012 ), the Russian Government Bond Index (RGBI) was up 0.43% to 132.57 points (132 points as of 31 August 2012).

The total trading volume on the Moscow Exchange Derivatives market equaled to RUB1,045 billion or 22 billion contracts for the week. The average daily volume traded on the market was RUB209 billion, up 11.9% from the previous week. The total open interest as of the last day of the week reached RUB10 billion or 407 million contracts. Index derivatives made 62% of the total trading volume (RUB644 billion), equity derivatives, FX derivatives, interest rate derivatives and commodity derivatives made 4% (RUB46 billion), 31% (RUB319 billion),1% (RUB10 billion), and 2.5% (RUB26 billion) respectively.

The last week’s bestsellers of the derivatives market were the RTS Index futures contract (RTS), with a trading volume reaching RUB641 billion (61%), the USD/RUB FX futures contract (SI-) with RUB284 billion (27%), the EUR/USD FX futures contract (ED-) withRUB 33 billion (3%), the futures on Sberbank ordinary shares (SBR) with RUB23 billion (2%), and the futures on Gazprom (GAZ) ordinary shares with RUB13 billion (1%). Other derivative instruments were traded for a total of RUB50 billion (5%).

The US dollar and euro weakened against the ruble last week The US dollar with tomorrow settlement fell 22.5 kopecks (1.7%) reaching 31.8868 rubles per dollar. The euro with tomorrow settlement fell 22.5 kopecks (0.6%), reaching 40.5112 rubles per euro as of 07 September 2012 .

FX market trading volume for the week totaled RUB2,169 billion. The average daily trading volume was RUB434 billion, down 10.6% from the previous week. Spot trading volume reached RUB1,164 billion or 53.7% of the total trading volume. Swap operations accounted for 46.3% of the total trading volume (RUB1,005 billion). The USD/RUB transactions made up 82.9% of the total trading volume on the market with a total value of RUB1,799 billion, the EUR/RUB transactions, the EUR/USD transactions, the CHY/RUB transactions and transactions in the dual currency basket made up 16.3% (RUB353 billion), 0.8% (RUB16 billion), 0.01% (RUB0.09 billion) and 0.01% (RUB1 billion).

The Money Market trading volume equaled to RUB2,632 billion last week. The average daily trading volume was RUB526 billion, down 26.5% from the previous week. Volume of inter-dealer repo transactions on the Money market amounted to RUB1,514 billion (42.3% from the total trading volume), volume of direct repo transactions with the Bank of Russia reached RUB925 billion (25.8%), volume of Bank of Russia’s deposit operations made up RUB193 billion (5.4%) including Bank of Russia’s deposits (RUB192 billion) and lombard auctions of the Bank of Russia (RUB1 billion.).