OREANDA-NEWS. Over the week of May 6 - 10, 2013 the Moscow Exchange MICEX Index reflected the positive trend on the Russian stock market. The MICEX Index was up 1.29% to 1,426.25 (1,408.03 as of May 3, 2013) and the dollar-denominated RTS Index fell by 0.01% to 1,429.78 (1,429.86 as of May 3, 2013).

The US dollar appreciated by 0.13% against the ruble last week.

The stock market volatility increased last week with the Russian Volatility Index rising by 6.90% to 20.30 (18.99 as of May 3, 2013).

Last week most of the key economic sectors represented on the Russian stock market behaved positively. The largest upturn was reported by the financials with the relevant sector index rising by 2.51%. A significant increase was also shown by the oil & gas and the industrials with the relevant sector indices being up 2.31% and 1.38% respectively. The downturn was reported by the electric utilities (-4.83%).

The MICEX Innovation Index added 0.05% to 409.39 (409.19 as of May 3, 2013).

The RTS Standard Index, the blue chip index, increased by 1.66% to 9,656.19 (9,498.95 as of May 3, 2013).

Second-tier stocks indices experienced the negative trend. The ruble-denominated MICEX SC Index depreciated by 0.23% to 3,077.87 (3,084.90 as of May 3, 2013). The dollar-denominated RTS-2 Index lost 1.73% to 1,324.07 (1,347.40 as of May 3, 2013).

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

Over the week of May 6 - 10, 2013 the Moscow Exchange MICEX Index reflected the positive trend on the Russian stock market. The MICEX Index was up 1.29% to 1,426.25 (1,408.03 as of May 3, 2013) and the dollar-denominated RTS Index fell by 0.01% to 1,429.78 (1,429.86 as of May 3, 2013).

At the end of the week the MICEX Index was 0.05% higher than a month ago (1,425.50 as of April 10, 2013) and 1.27% higher than a year ago (1,408.31 as of May 10, 2012). The RTS Index was 1.65% lower than a month ago (1,453.81 as of April 10, 2013) and 4.01% lower than a year ago (1,489.45 as of May 10, 2012).

Last week's decrease of the RTS Index was accompanied by the increase of volatility levels, when the Russian Volatility Index RTSVX was up 6.90%.

The most positive impact on the MICEX Index was mainly due to the rising prices for ordinary shares of GAZPROM (+0.48%), LUKOIL (+0.26%) and TATNEFT (+0.14%).

Trading volume of securities included into the Moscow Exchange Indices' list of constituents amounted to RUB 99.02 billion, and the market capitalization of the Indices' constituents amounted to RUB 19,428.41 billion.

At the end of the week, 31 constituents of the MICEX Index list were pushing the Index up (+1.80%), while 19 securities behaved negatively (-0.51%).

On the sector level, the major positive impact was made by the oil & gas (+1.16%) and the finance (+0.19%).

The oil & gas sector accounted for 51.69% of the MICEX Index total capitalization. The other large-weight sectors were the finance (19.32%) and the metals & mining (7.98%).

Blue Chip Index

For the week of May 6 -10, 2013 the ruble- denominated RTS Standard Index, the blue-chip Index, showed a positive trend.

The RTS Standard Index was up 1.66% to 9,656.19 (9,498.95 as of May 3, 2013). At the end of the week the RTS Standard Index was 0.35% lower than a month ago (9,689.80 as of April 10, 2013) and 0.74% lower than a year ago (9,727.82 as of May 10, 2012).

At the end of the week, 10 out of 15 securities included into the index were pushing the RTS Standard Index up (+1.76%), while one share behaved negatively (-0.10%). The price of four constituent stocks remained unchanged.

The most positive impact on the RTS Standard Index was mainly due to the rising prices for ordinary shares of Rostelecom (+0.49%) and GAZPROM (+0.48%).

The negative impact was due to the falling prices for ordinary shares of RusHydro (-0.10%).

The oil & gas sector accounted for 56.79% of the blue chips index total capitalization. The other large- weight sectors were the finance (23.49%) and the metals & mining (7.04%).

Second- Tier Stocks Indices

For the week of May 6 -10, 2013 Second-tier stocks indices experienced the negative trend. The ruble- denominated MICEX SC Index depreciated by 0.23% to 3,077.87 (3,084.90 as of May 3, 2013). The dollar- denominated RTS-2 Index lost 1.73% to 1,324.07 (1,347.40 as of May 3, 2013).

At the end of the week the MICEX SC Index was 1.98% lower than a month ago (3,140.16 as of April 10, 2013) and 11.65% lower than a year ago (3,483.54 as of May 10, 2012).

The RTS-2 Index was 4.20% lower than a month ago (1,382.08 as April 10, 2012) and 21.77% lower than a year ago (1,692.57 as of May 10, 2012).

At the end of the week, 29 securities included into the RTS-2 Index constituent list were pushing the Index down (-2.43%), while 16 securities behaved positively (+0.70%). The prices of five constituent stocks remained unchanged.

The most negative impact was due to the falling prices of TransContainer (-0.25%) and Synergy (-0.24%).

The most positive impact on the RTS-2 Index was mainly due to the rising prices for ordinary shares of Kazanorgsinthesys (+0.10%) and AVTOVAZ (+0.08%).

The most negative impact on the second-tier indices was mainly due to the falling prices for securities of the electric utilities (-0.87%) and the consumer goods & retail (-0.36%).

The electric utilities sector accounted for 37.77% of the RTS-2 Index total capitalization. The other large- weight sectors were the industrials (12.05%) and the consumer goods & retail (11.84%).

Debt Market

The Russian Government Bond Index (RGBI, total return) was down 0.13% to 141.47 last week (141,65 points as of May 3, 2013). The yield to maturity of the securities being the part of the calculation formula was up 30 basis point to 6.54%.

The Municipal Bond Index (MICEX MBI TR, total return) showed the positive trend and reached 174.88 basis points (171,69 as of May 3,

2013).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.20% to 233.64 points.

The conservative investment strategy tracking the last week's pension index could have resulted in a gain of 0.12% per week. The aggressive investment strategy based on the pension index could have brought a profit of 0.78% per week.

The bond overnight repo rate was down 20 basis points (from 6.43% to 6.23%). The equity overnight repo rate was up 18 basis points and equaled 5.96%.

Index Derivatives

For the week of May 6 -10, 2013 Second-tier stocks indices experienced the negative trend. The ruble-denominated MICEX SC Index depreciated by 0.23% to 3,077.87 (3,084.90 as of May 3, 2013). The dollar-denominated RTS-2 Index lost 1.73% to 1,324.07 (1,347.40 as of May 3, 2013).

At the end of the week the MICEX SC Index was 1.98% lower than a month ago (3,140.16 as of April 10, 2013) and 11.65% lower than a year ago (3,483.54 as of May 10, 2012).

The RTS-2 Index was 4.20% lower than a month ago (1,382.08 as April 10, 2012) and 21.77% lower than a year ago (1,692.57 as of May 10, 2012).

At the end of the week, 29 securities included into the RTS-2 Index constituent list were pushing the Index down (-2.43%), while 16 securities behaved positively (+0.70%). The prices of five constituent stocks remained unchanged.

The most negative impact was due to the falling prices of TransContainer (-0.25%) and Synergy (-0.24%).

The most positive impact on the RTS-2 Index was mainly due to the rising prices for ordinary shares of Kazanorgsinthesys (+0.10%) and AVTOVAZ (+0.08%).

The most negative impact on the second-tier indices was mainly due to the falling prices for securities of the electric utilities (-0.87%) and the consumer goods & retail (-0.36%).

The electric utilities sector accounted for 37.77% of the RTS-2 Index total capitalization. The other large-weight sectors were the industrials (12.05%) and the consumer goods & retail (11.84%).