OREANDA-NEWS. Over the week of August 19 - 23, 2013 the Moscow Exchange Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 0.93% to 1,393.21 (1,380.31 as of August 16, 2013) and the dollar-denominated RTS Index grew by 0.57% to 1,330.99 (1,323.42 as of August 16, 2013).

The US dollar appreciated by 0.58% against the ruble last week.

The stock market volatility decreased last week with the Russian Volatility Index falling by 7.57% to 21.00 (22.72 as of August 16, 2013).

Last week part of the key economic sectors represented on the Russian stock market behaved positively. The largest upturn was reported by the telecommunication with the relevant sector index rising by 3.32%. A significant increase was also shown by the oil and gas and the metals and mining with the relevant sector indices being up 1.69% and 0.88% respectively. The largest downturn was reported by the industrials (-4.06%).

The MICEX Innovation Index lost 0.69% to 441.30 (444.35 as of August 16, 2013).

The Blue-Chip Index increased by 0.87% to 9,393.84 (9,313.18 as of August 16, 2013).

The Second-Tier Index appreciated by 0.97% to 3,112.59 (3,082.79 as of August 16, 2013). The Broad Market Index gained 0.92% to 986.70 (977.68 as of August 16, 2013).

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

Over the week of August 19 - 23, 2013 the Moscow Exchange Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 0.93% to 1,393.21 (1,380.31 as of August 16, 2013) and the dollar- denominated RTS Index grew by 0.57% to 1,330.99 (1,323.42 as of August 16, 2013).

At the end of the week the MICEX Index was 1.70% lower than a month ago (1,417.34 as of July 23, 2013) and 4.15% lower than a year ago (1,453.50 as of August 23, 2012). The RTS Index was 3.54% lower than a month ago (1,379.88 as of July 23, 2013) and 7.76% lower than a year ago (1,442.94 as of August 23, 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 7.57%.

The most positive impact on the MICEX Index was mainly due to the rising prices for ordinary shares of JSC "GAZPROM" (+0.28%), OAO "LUKOIL" (-0.21%) and MTS OJSC (+0.18%).

Trading volume of securities included into the Moscow Exchange Indices' list of constituents amounted to RUB 112.58 billion, and the market capitalization of the Indices' constituents amounted to RUB 19,263.12 billion.

At the end of the week, 30 constituents of the MICEX Index list were pushing the Index up (+1.44%), while 19 securities behaved negatively (-0.51%). The price of one constituent stock remained unchanged.

On the sector level, the major positive impact was made by the oil and gas (+0.84%) and the telecommunication (+0.24%).

The oil & gas sector accounted for 51.07% of the MICEX Index total capitalization. The other large-weight sectors were the finance (19.53%) and the telecommunication (7.48%).

Blue Chip Index

For the week of August 19 - 23, 2013 the Blue Chip Index showed a positive trend.

The Blue Chip Index was up 0.87% to 9,393.84 (9,313.18 as of August 16, 2013). At the end of the week the Blue Chip Index was 2.15% lower than a month ago (9,600.19 as of July 23, 2013) and 5.44% lower than a year ago (9,933.83 as of August 23, 2012).

At the end of the week, 13 out of 17 securities included into Index list were pushing the Blue Chip Index up (+1.39%), while 4 shares behaved negatively (-0.52%).

The most positive impact on the Blue Chip Index was mainly due to the rising prices for ordinary shares of JSC "GAZPROM" (+0.32%) and OAO "LUKOIL" (+0.24%).

The most positive impact was due to the rising prices for ordinary shares of Sberbank (-0.30%) and VTB Bank (-0.13%).

The oil & gas sector accounted for 56.28% of the Blue Chip Index total capitalization. The other large-weight sectors were the finance (19.66%) and the telecommunication (8.18%).

Broad Market and Second- Tier Indices

For the week of August 19 - 23, 2013 the Second-Tier Index appreciated by 0.97% to 3,112.59 (3,082.79 as of August 16, 2013). The Broad Market Index gained 0.92% to 986.70 (977.68 as of August 16, 2013).

At the end of the week the Second-Tier Index was 2.48% higher than a month ago (3,037.21 as of July 23, 2013) and 8.75% lower than a year ago (3,411.05 as of August 23, 2012).

The Broad Market Index was 1.63% lower than a month ago (1,003.01 as July 23, 2012) and 4.26% lower than a year ago (1,030.62 as of August 23, 2012).

At the end of the week, 27 securities included into the Second-Tier Index constituent list were pushing the Index up (+2.34%), while 22 securities behaved negatively (-1.37%). The price of one constituent stock remained unchanged.

The most positive impact on the Second-Tier Index was due to the rising prices of JSC "TransContamer" (+0.96%) and JSC "OGK-2" (+0.24%).

The most positive impact on the Broad Market Index was mainly due to the rising prices for ordinary shares of JSC "GAZPROM" (+0.28%) and OAO "LUKOIL" (+0.1).

The most positive impact on the Second-Tier Index was mainly due to the rising prices for securities of the transportation (+0.89%) and the electric utilities (+0.53%).

The electric utilities sector accounted for 36.40% of the Second-Tier Index total capitalization. The other large-weight sectors were the consumer goods & retail (18.22%) and the industrials (11.50%).

Debt Market

The Russian Government Bond Index (RGBI, total return) was down 1.36% to 133.17 last week (135.00 points as of August 16, 2013). The yield to maturity of the securities being the part of the calculation formula was up 22 basis points to 7.33%.

The Municipal Bond Index (MICEX MBI TR, total return) showed the positive trend and reached 175.40 basis points (175.16 as of August 16, 2013).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.16% to 237.32 points.

The conservative investment strategy tracking the last week's pension index could have resulted in a gain of 0.06% per week. The aggressive investment strategy based on the pension index could have brought a profit of 0.34% per week.

The bond overnight repo rate was down 9 basis points (from 6.13% to 6.04%). The equity overnight repo rate was equaled 6.01%.

Index Derivatives

For the week of August 19 - 23, 2013 the total trading volume in index futures and options on the Moscow Exchange Derivatives Market equaled RUB 426.01 billion or 4.88 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contract on the RTS Index, amounted to RUB 377.37 billion or 4.34 million contracts.

The RTS Index futures contract traded in backwardation last week. By the end of the week the RTS Index gained 0.57%, while the September and the December futures contracts up 0.71% and 0.78% respectively.

The total investor's open interest measured in RTS Index futures increased by 0.11%.

During the week the trading volume in futures contract on the MICEX Index was RUB 4.20 billion or 30.25 thousand contracts. Open interest in the MICEX Index futures increased by 1.77%.

Trading volume in options on RTS Index futures totaled RUB 43.30 billion or 501.20 thousand contracts last week. Open interest of RUB 113.51 billion or 1.32 billion contracts was fixed. Put options made up 59.97% 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 26.56%.