OREANDA-NEWS. Over the week of August 5 - 9, 2013 the Moscow Exchange Indices reflected the negative trend on the Russian stock market. The MICEX Index was down 0.68% to 1,382.72 (1,392.15 as of August 2, 2013) and the dollar-denominated RTS Index fell by 0.80% to 1,325.72 (1,336.39 as of August 2, 2013).

The US dollar depreciated by 0.10% against the ruble last week.

The stock market volatility decreased last week with the Russian Volatility Index falling by 0.62% to 20.99 (21.12 as of August 2, 2013).

Last week most of the key economic sectors represented on the Russian stock market behaved negatively. The largest downturn was reported by the financials with the relevant sector index falling by 1.54%. A significant decrease was also shown by the oil and gas and the electric utilities with the relevant sector indices being down 1.37% and 1.11% respectively. The largest upturn was reported by the metals and mining (+1.78%).

The MICEX Innovation Index lost 2.04% to 438.77 (447.90 as of August 2, 2013).

The Blue-Chip Index decreased by 0.84% to 9,318.03 (9,396.66 as of August 2, 2013).

The Second-Tier Index depreciated by 0.50% to 3,005.35 (3,020.38 as of August 2, 2013). The Broad Market Index lost 0.68% to 978.84 (985.57 as of August 2, 2013).

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

Over the week of August 5 - 9, 2013 the Moscow Exchange Indices reflected the negative trend on the Russian stock market. The MICEX Index was down 0.68% to 1,382.72 (1,392.15 as of August 2, 2013) and the dollar- denominated RTS Index fell by 0.80% to 1,325.72 (1,336.39 as of August 2, 2013).

At the end of the week the MICEX Index was 2.75% higher than a month ago (1,345.73 as of July 9, 2013) and 5.06% lower than a year ago (1,456.41 as of August 9, 2012). The RTS Index was 3.34% higher than a month ago (1,282.84 as of July 9, 2013) and 8.39% lower than a year ago (1,447.09 as of August 9, 2012).

Last week's decrease of the RTS Index was accompanied by the decrease of volatility levels, when the Russian Volatility Index RTSVX was down 0.62%.

The most negative impact on the MICEX Index was mainly due to the falling prices for ordinary shares of OAO "LUKOIL" (-0.25%), Sberbank (-0.18%) and "OJSC "MMC "NORILSK NICKEL" (-0.16%).

Trading volume of securities included into the Moscow Exchange Indices' list of constituents amounted to RUB 102.66 billion, and the market capitalization of the Indices' constituents amounted to RUB 19,101.81 billion.

At the end of the week, 27 constituents of the MICEX Index list were pushing the Index down (-1.20%), while 23 securities behaved positively (+0.52%).

On the sector level, the major negative impact was made by the oil and gas (-0.63%) and the financials (-0.27%).

The oil & gas sector accounted for 50.24% of the MICEX Index total capitalization. The other large-weight sectors were the finance (20.22%) and the telecommunication (7.39%).

Blue Chip Index

For the week of August 5 - 9, 2013 the Blue Chip Index showed a negative trend.

The Blue Chip Index was down 0.84% to 9,318.03 (9,396.66 as of August 2, 2013). At the end of the week the Blue Chip Index was 2.62% higher than a month ago (9,080.50 as of July 9, 2013) and 6.22% lower than a year ago (9,936.47 as of August 9, 2012).

At the end of the week, 12 out of 17 securities included into Index list were pushing the Blue Chip Index down (-1.22%), while 5 shares behaved positively (+0.38%).

The most negative impact on the Blue Chip Index was mainly due to the falling prices for ordinary shares of OAO "LUKOIL" (-0.29%) and Sberbank (-0.20%).

The most positive impact was due to the rising prices for ordinary shares of OJSC Uralkali (+0.16%) and MTS OJSC (+0.11%).

The oil & gas sector accounted for 55.42% of the Blue Chip Index total capitalization. The other large-weight sectors were the finance (20.45%) and the telecommunication (8.07%).

Broad Market and Second- Tier Indices

For the week of August 5 - 9, 2013 the Second-Tier Index depreciated by 0.50% to 3,005.35 (3,020.38 as of August 2, 2013). The Broad Market Index lost 0.68% to 978.84 (985.57 as of August 2, 2013).

At the end of the week the Second-Tier Index was 0.13% higher than a month ago (3,001.51 as of July 9, 2013) and 10.99% lower than a year ago (3,376.57 as of August 9, 2012).

The Broad Market Index was 2.78% higher than a month ago (952.34 as July 9, 2012) and 5.10% lower than a year ago (1,031.42 as of August 9, 2012).

At the end of the week, 28 securities included into the Second-Tier Index constituent list were pushing the Index down (-1.70%), while 21 securities behaved positively (+1.20%). The price of one constituent stock remained unchanged.

The most negative impact on the Second-Tier Index was due to the falling prices of OJSC "GAZ" (-0.36%) and OJSC “Cherkizovo Group” (-0.18%).

The most negative impact on the Broad Market Index was mainly due to the falling prices for ordinary shares of OAO "LUKOIL" (-0.26%) and Sberbank (0.18%).

The most negative impact on the Second-Tier Index was mainly due to the falling prices for securities of the industrials (-0.25%) and the financials (-0.21%).

The electric utilities sector accounted for 37.81% of the Second-Tier Index total capitalization. The other large-weight sectors were the consumer goods & retail (18.64%) and the industrials (10.77%).

Debt Market

The Russian Government Bond Index (RGBI, total return) was up 0.51% to 135.46 last week (134.77 points as of August 2, 2013). The yield to maturity of the securities being the part of the calculation formula was down 10 basis points to 7.06%.

The Municipal Bond Index (MICEX MBI TR, total return) showed the positive trend and reached 174.84 basis points (174.44 as of August 2, 2013).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.18% to 236.56 points.

The conservative investment strategy tracking the last week's pension index could have resulted in a gain of 0.18% per week. The aggressive investment strategy based on the pension index could have brought a loss of 0.27% per week.

The bond overnight repo rate was down 18 basis points (from 6.18% to 6.00%). The equity overnight repo rate was equaled 6.01%.

Index Derivatives

For the week of August 5 - 9, 2013 the total trading volume in index futures and options on the Moscow Exchange Derivatives Market equaled RUB 435.98 billion or 5.03 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contract on the RTS Index, amounted to RUB 376.19 billion or 4.36 million contracts.

The RTS Index futures contract traded in backwardation last week. By the end of the week the RTS Index lost 0.80%, while the September and the December futures contracts down 1.03% and 0.71% respectively.

The total investor's open interest measured in RTS Index futures increased by 1.97%.

During the week the trading volume in futures contract on the MICEX Index was RUB 5.08 billion or 36.78 thousand contracts. Open interest in the MICEX Index futures decreased by 3.92%.

Trading volume in options on RTS Index futures totaled RUB 54.50 billion or 631.30 thousand contracts last week. Open interest of RUB 133.75 billion or 1.56 billion contracts was fixed. Put options made up 59.22% of the total open interest for these contracts. The 140.000 strike calls and 125.000 strike puts had the highest open interest.

The total investors' open interest measured in options on the RTS index futures increased by 13.79%.