OREANDA-NEWS. Moscow Exchange's indices reflected the positive trend on the Russian stock market in the week to 18 October. The MICEX Index was up 1.34% to 1,533.35 (from 1,513.03 on 11 October), while the dollar-denominated RTS Index grew 2.68% to 1,516.62 (from 1,477.00).

The dollar depreciated 0.85% against the rouble.

Volatility decreased, with the Russian Volatility Index falling 11.42% to 21.17 (from 23.90).

Most key sectors made gains. The largest upturn was in Telecoms, the sector index of which rose 2.65%. Metals and Mining and Industrials climbed a respective 2.36% and 2.11%.

The MICEX Innovation Index rose 0.17% to 395.03 (from 394.37).

The Blue Chip Index increased 1.32% to 10,435.54 (from 10,300.04).

The Second Tier Index appreciated 0.83% to 3,019.42 (from 2,994.55). The Broad Market Index gained 1.33% to 1,083.77 (from 1 069.51).

MICEX & RTS Indices: Moscow Exchange's main indices

Moscow Exchange's indices reflected the positive trend on the Russian stock market in the week to 18 October. The MICEX Index was up 1.34% to 1,533.35 (from 1,513.03 on 11 October), while the dollar- denominated RTS Index grew 2.68% to 1,516.62 (from 1,477.00).

The MICEX Index on 18 October was up 4.67% MoM (from 1,464.95) and up 3.94% YoY (from 1,475.27). The RTS Index was up 6.09% MoM (from 1,429.62) and up 0.30% YoY (from 1,512.01).

The RTS Index's increase last week was accompanied by a decrease in volatility, with the Russian Volatility Index (RTSVX) down 11.42%.

The MICEX Index's rise was due mainly to price increases in ordinary shares of GAZPROM (up 0.40%), Sberbank (up 0.32%), and MTS (up 0.18%).

The turnover of securities included in Moscow Exchange's indices was RUB 168.27 bln, and their market cap totalled RUB 21,884.95 bln.

Of the MICEX Index constituents, 39 pulled the index up (rising a total 1.55%), while 11 incurred losses (totalling 0.21%).

On the sector level, the major positive impact was from oil and gas (rising 0.54%) and financials (up 0.39%).

Oil & gas accounted for 50.08% of the MICEX Index's total capitalization. The other heavily weighted sectors were financials (at 21.02%) and telecoms (at 8.42%).

Blue Chip Index

The Blue Chip Index rose in the week to 18 October.

It was up 1.32% WoW to 10,435.54 (from 10,300.04), up 5.10% MoM (from 9,929.19), and up 3.28% YoY (from 10,104.58).

Of the 17 securities included in the Index list, 15 were pulling the Blue Chip Index up at the end of the week (rising a total 1.53%), while 2 made losses (totalling 0.21%).

The largest positive impact on the index was from prices rising for ords of GAZPROM (up 0.46%) and Sberbank (up 0.37%).

The largest negative impact was from price losses by ords of Magnit (down 0.12%) and Rosneft (off 0.09%).

The oil & gas sector accounted for 55.95% of the Blue Chip Index's total capitalization. The other large weight sectors were financials (21.62%) and telecoms (7.70%).

Broad Market and Second Tier Indices

The Second Tier Index gained 0.83% during the week to 3,019.42 (from 2,994.55). The Broad Market Index rose 1.33% WoW to 1 083.77 (from 1,069.51).

The Second Tier Index was up 0.74% MoM (from 2,997.15) and down 11.32% YoY (from 3,404.75).

The Broad Market Index was up 4.62% MoM (from 1,035.89) and up 3.42% YoY (from 1,047.95).

Of the 50 securities included in the Second Tier Index, 26 were pulling the index up (with gains totalling 1.49%), while 22 made losses (totalling 0.66%). Two stocks' prices remained flat.

The largest positive impact on the Second Tier Index was from gains by Enel OGK-5 (up 0.23%) and PROTEK (up 0.21%).

The heaviest positive impact on the Broad Market Index was from ords of GAZPROM (up 0.40%) and Sberbank (up 0.32%).

The largest positive impact on the Second Tier Index was from consumer goods and retail (rising 0.26%) and oil and gas (up 0.15%).

Utilities accounted for 31.13% of the Second Tier Index's total capitalization. The other heavily weighted sectors were consumer goods & retail (16.28%) and oil and gas (11.30%).

Debt Market

The Russian Government Bond Index RGBITR (total return) was up 0.55% to 325.53 last week (from 323.74 points on 11 October). The YTM of securities included in the calculation formula was down 7 bps to 7.07%.

The Municipal Bond Index (MICEXMBITR, total return) was down 0.24 bps WoW to 176.59 points (from 177.01).

The MICEX Corporate Bond Index's MICEXCBITR total return value was up 0.13% to 240.31 points.

A conservative investment strategy tracking last week's pension index could have resulted in a 0.15% WoW gain. An aggressive strategy based on the pension index could have incurred a 0.53% WoW gain.

The bond overnight repo rate was down 1 bps (from 6.14% to 6.13%). The equity overnight repo rate was 6.15%.