OREANDA-NEWS. January 30, 2013. Over the week of January 14 - 18, 2013 the Moscow Exchange Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 1.97% to 1,540.55 (1,510.84 as of January 11, 2013) and the dollar-denominated RTS Index grew by 2.02% to

1,603.50 (1,571.73 as of January 11, 2013).

The US dollar depreciated by 0.07% against the ruble last week.

The stock market volatility decreased last week with the Russian Volatility Index falling by 4.85% to 20.20 (21.23 as of January 11, 2013).

Last week most of the key economic sectors represented on the Russian stock market behaved positively. The largest upturn was reported by the electric utilities with the relevant sector index rising by 4.87%. A significant increase was also shown by the industrials and the consumer and retail sectors with the relevant sector indices being up 3.55% and 3.20% respectively.

The MICEX Innovation Index added 0.85% to 500.92 (496.69 as of January 11, 2013).

The RTS Standard Index, the blue chip index, increased by 1.10% to 10,473.05 (10,359.18 as of January 11, 2013).

Second-tier stocks Indices experienced the positive trend. The ruble-denominated MICEX SC Index grew by 4.32% to 3,631.74 (3,481.42 as of January 11, 2013). The dollar-denominated RTS-2 Index gained 1.92% reaching 1,639.59 (1,608.70 as of January 11, 2013).

MICEX & RTS Indices, the main indices of the Moscow Exchange

Over the week of January 14 - 18, 2013 the Moscow Exchange Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 1.97% to 1,540.55 (1,510.84 as of January 11, 2013) and the dollar-denominated RTS Index grew by 2.02% to 1,603.50 (1,571.73 as of January 11, 2013).

At the end of the week the MICEX Index was 3.98% higher than a month ago 1,481.54 as of December 18, 2012) and 3.14% higher than a year ago (1,493.70 as of January 18, 2012). The RTS Index was 6.09% higher than a month ago (1,511.43 as of December 18, 2012) and 7.74% higher than a year ago (1,488.37 as of January 18, 2012).

Last week's increase of the RTS Index was accompanied by the decrease of volatility levels, when the Russian Volatility Index RTSVX was down 4.85%.

The most positive impact on the MICEX Index was mainly due to the rising prices for ordinary shares of Sberbank (+0.57%), Magnit (+0.32%) and preferred shares of Norilsk Nickel (+0.11%).

Trading volume of securities included into the Moscow Exchange Indices' list of constituents amounted to RUB 100.55 billion, and the market capitalization of the Indices' constituents amounted to RUB 21, 216.85 billion.

At the end of the week, 42 constituents of the MICEX Index list were pushing the Index up (+2.14%), while 8 securities behaved negatively (-0.17%).

On the sector level, the major positive impact was made by the financial sector (+0.68%) and the consumer & retail sector (+0.36%).

The oil & gas sector accounted for 49.97% of the MICEX Index total capitalization. The other large-weight sectors were the finance (19.22%) and the metals & mining (10.04%).

Blue Chip Index

For the week of January 14 - 18, 2013 the ruble- denominated RTS Standard Index, the blue-chip Index, showed a positive trend.

The RTS Standard Index was up 1.10% to 10,473.05 (10,359.18 as of January 11, 2013). At the end of the week the RTS Standard Index was 3.61% higher than a month ago (10,108.54 as of December 18, 2012) and 2.35% higher than a year ago (10,232.33 as of January 18, 2012).

At the end of the week, 10 out of 15 securities included into the index were pushing the RTS Standard Index up (+1.45%), while 5 shares behaved negatively (-0.35%).

The most positive impact on the RTS Standard Index was mainly due to the rising prices for ordinary shares of Sberbank (+0.70%) and preferred shares of Surgutneftegas (+0.13%).

The most negative impact was due to the falling prices for ordinary shares of NOVATEK (-0.19%) and Rosneft (-0.08%).

The oil & gas sector accounted for 54.44% of the blue chips index total capitalization. The other large- weight sectors were the finance (23.67%) and the metals & mining (8.73%).

Second- Tier Stocks Indices

For the week of January 14 - 18, 2013 second-tier indices experienced the positive trend. The ruble- denominated MICEX SC Index grew by 4.32% to 3,631.74 (3,481.42 as of January 11, 2013). The dollar- denominated RTS-2 Index gained 1.92% reaching 1,639.59 (1,608.70 as of January 11, 2013).

At the end of the week the MICEX SC Index was 8.25% higher than a month ago (3,355.00 as of December 18, 2012) and 1.17% higher than a year ago (3,589.62 as of January 18, 2012).

The RTS-2 Index was 6.82% higher than a month ago (1,534.87 as December 18, 2012) and 6.13% higher than a year ago (1,544.82 as of January 18,

2012).

At the end of the week, 37 out of 50 securities included into the RTS-2 Index constituent list were pushing the Index up (+2.33%), while 9 securities behaved negatively (-0.41%). The prices of 4 constituent stocks remained unchanged.

The most positive impact on the RTS-2 Index was mainly due to the rising prices for ordinary shares of Kvadra (+0.60%) and IDGC of Centre and Volga Region (+0.33%).

The most negative impact was due to the falling prices of PROTEK (-0.14%) and Veropharm (-0.09%).

The most positive impact on the second-tier indices was mainly due to the rising prices for securities of the electric utilities (+1.65%) and the industrials (+0.21%).

The electric utilities sector accounted for 42.62% of the RTS-2 Index total capitalization. The other large- weight sectors were the industrials (12.63%) and the chemicals (10.91%).

Debt market

The Russian Government Bond Index (RGBI,] total return) was down 0.24% to 139.19 last week (139.53 points as of January 11, 2013). The yield to maturity of the securities being the part of the j calculation formula was up 3 basis point to 6.41%.

The Municipal Bond Index (MICEX MBI TR, total return) showed the positive trend and reached ] 167.41 growing by 0.32% (166.87 as of January 11, 2013).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.39% to 225.88 points.

The conservative investment strategytracking the last week's pension index could have resulted in a gain of 0.30% per week. The aggressive investment strategy based on the pension index ] could have brought a profit of 1.43% per week.

The bond overnight repo rate was up 33 basis point (from 5.43% to 5.76%).The equity overnight repo rate was up 26 basis points and equaled 5.74%.

For the week of January 14 - 18, 2013 the total trading volume in index futures and options on the Moscow Exchange Derivatives Market equaled RUB 399.29 billion or 4.16 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contract on the RTS Index, amounted to RUB 342.27 billion or 3.57 million contracts.

The RTS Index futures contract traded in backwardation last week. By the end of the week the RTS Index gained 2.02%, while the March and December futures contracts up 2.01% and 1.88% respectively.

The total investor's open interest measured in RTS Index futures increased by 7.84%.

During the week the trading volume in futures contract on the MICEX Index was RUB1.38 billion or 8.98 thousand contracts. Open interest in the MICEX Index futures decreased by 2.64%.

Trading volume in options on RTS Index futures totaled RUB 54.99 billion or 582.56 thousand contracts last week. Open interest of RUB 68.52 billion or 748.54 thousand contracts was fixed. Put options made up 47.40% of the total open interest for these contracts. The 155.000 strike calls and 150.000 strike puts had the highest open interest.

The total investors' open interest measured in options on the RTS index futures decreased by 0.42%.