OREANDA-NEWS. October 19, 2012. For the week of October 1 - 5, 2012 the MICEX Index was up 1.33% to 1,477.60 (1,458.26 points as of September 28, 2012).

The RTS Index calculated based on prices in US dollar rose by 2.24% to 1,508.72 (1,475.70 points as of September 28, 2012). The US dollar depreciated by 0.24% against the ruble.

The stock market volatility decreased last week with the Russian Volatility Index falling by 18.57% to 25.79 points (31.67 points as of September 28, 2012).

Last week most of the key economy sectors represented on the Russian stock market demonstrated a positive trend. The largest upturn was reported by the consumer sector with the relevant sector index rising by 2.67%. A significant increase was also shown by the industrials and the financials with the relevant sector indices up 2.59% and 2.08% respectively.

The MICEX Innovation Index lost 0.28%.

The largest upturn was reported by the large cap companies. The MICEX Large Cap Index rose by 1.24% as well as the MICEX Mid Cap Index (1.21%) and the MICEX Small Cap Index (0.96%).

For the week of October 1 - 5, 2012 the Russian stock market showed a positive trend. The MICEX Index was up 1.33% to 1,477.60 (1,458.26 as of September 28, 2012).

At the end of the week the MICEX Index was 3.94% higher than a month ago (1,421.62 points as of September 5, 2012) and 16.74% higher than a year ago (1,265.67 as of October 5, 2011).

Trading volume of securities included into the MICEX Index constituents list traded on the Main market equaled RUB151.10 billion.

By the end of the week the market capitalization of the Index component stocks amounted to RUB18,913.81 billion.

25 constituents of the MICEX Index list were pushing the Index upwards (plus 1.48%) and 5 constituents behaved negatively (minus 0.15%).

On the sector level the major negative contributors were the oil & gas (plus 0.69%) and financial sectors (plus 0.40%).

The most positive impact was mainly due to the rising prices for ordinary shares of Sberbank (plus 0.26%) followed by NOVATEK (plus 0.16%) and Magnit (plus 0.13%).

The oil & gas sector accounted for 52.36% of the MICEX Index total capitalization. The other large weight sectors were financial (16.24%) and metallurgy (9.81%).

For the week of October 1 - 5, 2012 the RTS Index rose by 2.24% to 1,508.72 (1,475.70 as of September 28, 2012). At the end of the week the RTS Index was 8.46% higher than a month ago (1,391.02 as of September 05, 2012) and 23.95% higher than a year ago (1,217.21 as of October 5,

2011).

Last week’s increase of the RTS Index was accompanied by a decrease of volatility levels, when the Russian Volatility Index RTSVX was down 18.57%.

The US dollar depreciated by 0.24%.

42 constituents of the RTS Index list were pulling the Index upwards (plus 2.33%), 8 constituents behaved negatively (minus 0.09%).

On the sector level the major positive contributors were the oil & gas (plus 1.19%) and financial (plus 0.60%) sectors.

The positive impact was mainly related to the rising prices of ordinary shares of Sberbank (plus 0.40%), Gazprom (plus 0.26%) and LUKOIL (plus 0.24%).

The Russian Government Bond Index (RGBI) was up 0.38% to 132.90 points last week (132.40 points as of September 28,

2012). RGBI total return value grew by 0.51% to 296.39 points.

The weighted average return of the securities being the part of the calculation formula fell by 9 basis points to 7.33%.

The Municipal Bond Index (MICEX MBI TR, weighted average return) showed the positive trend and reached 163.07 basis points growing by 0.19% (162.76 as of September 28, 2012).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.14% to 218.60 points.

The conservative investment strategy tracking the last week’s pension index could have resulted in a gain of 0.17% per week. The aggressive investment strategy based on the pension index could have brought a weekly profit of 0.73% per week.

The bond overnight repo rate was down 40 basis points (from 6.31% to 5.91%).The equity overnight repo rate lost 57 basis points and amounted to 5.38%.

For the week of October 1 - 5, 2012 the total trading volume in index futures and options on the FORTS derivatives market equaled RUB752.49 billion representing 8.13 million contracts.

Last week’s trading volume for the most liquid contract on FORTS, futures contract on the RTS Index, amounted to RUB667.71 billion representing 7.21 million contracts.

The RTS Index futures contract traded in backwardation last week. By the end of the week the RTS Index gained 2.24%, while the March and December futures contracts gained 2.08% and 2.13% respectively.

The total investor’s open interest measured in RTS Index futures increased by 2.66%.

During the week FORTS trading volume in futures contract on the MICEX Index was RUB2.45 billion representing 16.48 thousand contracts. Open interest in the contract on the MICEX Index increased by 4.08% for the week.

Trading volume in options on RTS Index futures totaled RUB81.73 billion representing 903.27 million contracts. Open interest of RUB98.71 billion or 1.11 million contracts was fixed. Call options made up 51.18% of the total open interest for these contracts. The 170.000 strike calls and 110.000 strike puts had the highest open interest.

The total investor’s open interest measured in options on the RTS index futures increased by 5.73%.