Moscow Exchange Group Released Weekly Market Report February 11-15
OREANDA-NEWS. The total trading volume in Moscow Exchange for the week equaled RUB6.7 trillion. Average daily trading volume amounted to RUB1,333 billion, up 2.3% from the previous week. Trading in securities, RDRs and mutual funds units made up 3% (RUB201 billion) of the total trading volume, the fixed income market share was 5% (RUB357 billion), the derivatives market - 15% (RUB1,025 billion), the FX and money market - 76% (RUB5,081 billion) and the commodities market - 0.1% (RUB1 billion).
Secondary market trading volume totaled RUB201 billion last week. Average daily trading volume was RUB40 billion, up 25.8% from the previous week. The Main Market sector made up 95% of the total secondary market trading volume, the Standard sector - 5%, the Classica sector - 0.2%. OTC trades volume equaled RUB51 billion or 20% of the combined value of secondary market trades and OTC trades.
Over the week, the MICEX Index was down 0.8% to reach 1,508.17 (1,519.91 as of February 08, 2013 ). The dollar- denominated RTS Index was down 0.8% to reach 1,577.26 points (1,590.13 as of February 08, 2013 ). The US dollar appreciated down by 0.1% against the ruble. Capitalization of the cash equity market shed 0.1% and amounted USD865.33 billion as of the last day of the week (USD865.97 billion as of February 08, 2013 ).
Ordinary shares of the following blue chip companies surged: VTB Bank — by 4.4% to RUB0.06, Surgutneftegas — by 0.9% to RUB30.4, OAO "LUKOIL" — by 0.4% to RUB 1,999.6, OJSC "Polyus Gold" — by 0.1% to RUB1,139. Prices of the following ordinary shares shed: Rosneft — by 0.2% to RUB255.07, Sberbank of Russia — by 1.9% to RUB105.08, Rostelecom — by 2.1% to RUB117.9, GAZPROM — by 2.7% to RUB133.99, Federal Grid Company of Unified Energy System — by 3.3% to RUB0.2, MMC "NORILSK NICKEL" — by 5.5% to RUB5,550.
The week's top sellers were of Sberbank ordinary shares (SBER) with a turnover of RUB59 billion (29% of a total trading volume) followed by GAZPROM (GAZP) with a turnover of RUB38 billion (19%), VTB Bank (VTBR) - RUB21 billion (10%), OAO "LUKOIL" (LKOH) - RUB11 billion (5%), and Rosneft (ROSN) - RUB10 billion (5%). Other securities absorbed RUB63 billion (31%) of the total trading volume.
Last week trading volume on the secondary market for fixed income instruments equaled RUB357 billion. Teh average daily trading volume was RUB71 billion, up 28.4% from the previous week. Secondary market turnover in corporate bonds was RUB126 billion (35% of the total trading volume), in regional bonds - RUB13 billion (4%), government bonds - RUB219 billion (61%). Total volume of bonds issues floated was RUB84 billion.
The MICEX Corporate Bond Index (MICEX CBI CP) grew by 0.03% to 93.54 (93.51 as of February 08, 2013), the MICEX Municipal Bond Index (MICEX MBI CP) was up 0.18% to 97.59 (97.41 as of February 08, 2013), the Russian Government Bond Index (RGBI) was down 0.07% to 139.1 (139.2 as of February 08, 2013).
For the week the total trading volume on the Moscow Exchange Derivatives market equaled RUB1,025 billion or 23 billion contracts. The average daily volume traded on the market was RUB205 billion, down 5.4% from the previous week. The total open interest as of the last day of the week reached RUB10 billion or 342 million contracts. Index derivatives made 64% of the total trading volume (RUB655 billion), equity derivatives — 9% (RUB86 billion),FX derivatives - 24% (RUB250 billion), interest rate derivatives - 0.2% (RUB1 billion), and commodity derivatives - 2.8% (RUB34 billion).
The last week's best sellers of the derivatives market were the RTS Index futures contract (RTS), with a trading volume reaching RUB652 billion (64%), the USD/RUB FX futures contract (Si) with RUB176 billion (17%), the EUR/USD FX futures contract (ED-) with RUB69 billion (7%), the futures on Sberbank ordinary shares (SBR) with RUB46 billion (4%), and the futures on Gazprom ordinary shares (GAZ) with RUB25 billion (2%). Other derivatives instruments were traded for a total of RUB58 billion (6%).
The US dollar and euro weakened against the ruble last week. The US dollar with tomorrow settlement fell by 23.2 kopecks (0.1%) reaching 30.1338 rubles per dollar. The euro with tomorrow settlement fell by 23.2 kopecks (0.6%), reaching 40.195 rubles per euro as of February 15, 2013 .
FX market trading volume for the week totaled RUB2,184 billion. The average daily trading volume was RUB437 billion, down 9.5% from the previous week. Spot trading volume reached RUB792 billion or 36.3% of the total trading volume. Swap operations accounted for 63.7% of the total trading volume (RUB1,392 billion).
The USD/RUB transactions made up 79.3% of the total trading volume on the market with a total value of RUB1,733 billion, the EUR/RUB transactions — RUB421 billion (19.3%), the EUR/USD transactions — RUB29 billion (1.6%), and the dual currency basket made up RUB1 billion (0.1%).
Money Market trading volume equaled RUB2,896 billion last week. The average daily trading volume was RUB579 billion, up 12.3% from the previous week. Volume of inter-dealer repo transactions on the Money market amounted to RUB1,657 billion (57.2% from the total trading volume), volume of direct repo transactions with the Bank of Russia - RUB1,052 billion (36.3%), volume of Bank of Russia's deposit operations - RUB187 billion (6.4%) (including Bank of Russia's deposits of RUB186 billion.).
Commodities market trading volume totaled RUB1,223 million last week. The average daily trading volume was RUB245 million, up 20.5% from the previous week.
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