Moscow Exchange Group Released Weekly Market Report March 25-29, 2013
OREANDA-NEWS. The total trading volume in the Moscow Exchange for the week equaled RUB8.5 trillion. Average daily trading volume amounted to RUB1,692 billion, up 13.9 % from the previous week. Trading in securities, RDRs and mutual funds units made up 2% (RUB172 billion) of the total trading volume, the fixed income market share was 4% (RUB355 billion), the derivatives market - 12% (RUB1,034 billion), the FX and money market - 82% (RUB6,896 billion) and the commodities market - 0% (RUB1 billion).
Secondary market trading volume totaled RUB172 billion last week. Average daily trading volume was RUB34 billion, down 12.8% from the previous week. The Main Market sector made up 95% of the total secondary market trading volume, the Standard sector - 4%, the Classica sector - 0.2%. OTC trades volume equaled RUB78 billion or 31% of the combined value of secondary market trades and OTC trades.
Over the week, the MICEX Index was down 0.2% to reach 1,438.57 (1,441.36 as of March 22, 2013 ). The dollar- denominated RTS Index was down 0.7% to reach 1,460.04 (1,470.91 as of March 22, 2013 ). The US dollar appreciated by 0.4% against the ruble. Capitalization of the cash equity market shed 2% and amounted to USD776.18 billion as of the last day of the week (USD792.06 billion as of March 22,2013 ).
Ordinary shares of the following blue chip companies surged: JSC "LUKOIL" — by 2.9% to RUB1,998.5, Surgutneftegas — by 2.1% to RUB27.82, MMK "NORILSK NICKEL" — by 1.7% to RUB5,249, Rostelecom — by 1.5% to RUB122.05, Rosneft — by 0.5% to RUB238.66. Price of FGC UES ordinary shares remained unchanged at RUB0.16. Prices of the following ordinary shares shed: Sberbank — by 0.5% to RUB98.86, VTB Bank — by 2.9% to RUB0.05, GAZPROM — by 4.4% to RUB134.08, OJSC "Polyus Gold" — by 4.7% to RUB1,048.7.
The week's top sellers were of Sberbank ordinary shares (SBER) with a turnover of RUB51 billion (29% of a total trading volume) followed by GAZPROM ordinary shares (GAZP) with a turnover of RUB30 billion (18%), VTB Bank ordinary shares (VTBR) - RUB12 billion (7%), JSC "LUKOIL" ordinary shares (LKOH) - RUB9 billion (5%), and Rosneft ordinary shares (ROSN) - RUB 8 billion (4%). Other securities were readed for a total of RUB62 billion (36% of the total trading volume).
Last week trading volume on the secondary market for fixed income instruments equaled RUB355 billion. Average daily trading volume amounted to RUB71 billion, up 28.3% from the previous week. Secondary market turnover in corporate bonds was RUB218 billion (61% of the total trading volume), in regional bonds - RUB10 billion (3%), government bonds - RUB127 billion (36%). Total volume of bonds placements amounted to RUB29 billion.
Last week the MICEX Corporate Bond Index (MICEX CBI CP) reamined unchaged at 93.29 (93.38 as of March 22, 2013). The MICEX Municipal Bond Index (MICEX MBI CP) was down 0.05% to 97.43 (97.48 as of March 22, 2013). The Russian Government Bond Index (RGBI) was down 0.28% to 137.67 (137.28 as of March 22, 2013).
For the week the total trading volume on theMoscow Exchange Derivatives market equaled RUB1,034 billion or 24 billion contracts. The average daily volume traded on the market was RUB207 billion, down 15.6% from the previous week. The total open interest as of the last day of the week reached RUB10 billion or 346 million contracts. Index derivatives made 61% of the total trading volume (RUB641 billion), equity derivatives — 8% (RUB80 billion), FX derivatives - 28% (RUB285 billion), interest rate derivatives - 0.2% (RUB2 billion), and commodity derivatives - 2.5% (RUB25 billion).
The last week's bestsellers of the derivatives market were the RTS Index futures contract (RTS), with a trading volume reaching RUB636 billion (61%), USD/RUB FX futures contract (Si) with RUB198 billion (19%), EUR/USD FX futures contract (ED) with RUB78 billion (8%), futures on Sberbank ordinary shares (SBR) with RUB39 billion (4%), and futures on Gazprom ordinary shares (GAZ) with RUB24 billion (2%). Other derivative instruments were traded for a total of RUB59 billion (6%).
Last week the ruble weakened against the US dollar but strengthened against the euro. The US dollar with tomorrow settlement added 13.7 kopecks (0.4%) reaching 31.0442 rubles per dollar. The euro with tomorrow settlement fell by 16.9 kopecks (0.4%), reaching 39.8035 rubles per euro as of March 29, 2013.
FX market trading volume for the week totaled RUB2,978 billion. The average daily trading volume was RUB596 billion, up 17.5% from the previous week. Spot trading volume reached RUB1,142 billion or 38.4% of the total trading volume. Swap operations accounted for 61.6% of the total trading volume (RUB1,836 billion).
The USD/RUB transactions made up 80.3% of the total trading volume on the market with a total value of RUB2,391 billion,
the EUR/RUB transactions - RUB509 billion (17.1%), the EUR/USD transactions - RUB75 billion (2.5%), the CNY/RUB transactions -
RUB0.21 billion (0.01%) and the dual currency basket - RUB3 billion (0.1%).
Money Market trading volume equaled RUB3,918 billion last week. The average daily trading volume was RUB784 billion, up 22.7% from the previous week. Volume of inter-dealer repo transactions on the Money market amounted to RUB1,544 billion (39.4% from the total trading volume), volume of direct repo transactions with the Bank of Russia - RUB2,230 billion (56.9%), volume of Bank of Russia's deposit operations - RUB144 billion (3.7%) (including Bank of Russia's deposits of RUB144 billion.).
Commodities market trading volume totaled RUB932 million last week. The average daily trading volume was RUB186 million, down 0.4% from the previous week.
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