OREANDA-NEWS. The total monthly trading volume on the Moscow Exchange's markets in June was RUB 37.2 tin. The average daily trading volume was RUB 1.86 tln, up 2% MoM. Trading in securities, RDRs, and mutual fund units made up 2.1% (RUB 0.76 trln) of the total trading volume, the bond market's share was 2.2% (RUB 0.8 trln), the derivatives market made up 9.4% (RUB 3.5 trln), and the FX and money market accounted for a combined 86.1% (RUB 32.4 tln).

The trading volume of stocks totaled RUB 0.76 trln in June. The average daily trading volume was RUB 34.7 bln, down 16% MoM. The T+2 sector made up 95.1% of the total secondary market trading volume, the TO sector accounted for 4.9%. The primary market's value was RUB 0.3 bln. The OTC trading volume was RUB 0.2 trln, or 22% of the combined value of the secondary market and OTC trades.

The MICEX Index was up 3.1% MoM to 1,476.38 at the end of June from 1,432.03 at the end of May. The dollar-denominated RTS Index was up 5.43% to 1,366.08 from 1,295.75. The cash equity market's capitalisation appreciated 5.3% to USD 735.06 bln from USD 697.96 bln).

The following blue chips were down in June: VTB ords, by 14.2% (to RUB 0.00411 per share), Polyus Gold ords, by 7% (RUB 482 per share). The following blue chip shares were up in June: Norilsk Nickel ords, by 0.9% (to RUB 6,719 per share), Federal Grid Company ords, by 2.2% (RUB 0.05886 per share), Lukoil ords, by 3.5% (RUB 2,036 per share), Rostelecom ords, by 4.2% (RUB 86.31 per share), Gazprom ords, by 5.1% (RUB 148.96 per share), Surgutneftegas ords, by 5.4% (to RUB 26.436 per share), and Rosneft ords, by 10.3% (to RUB 249.3 per share). Sberbank ords remained unchanged at RUB 84.5 per share.

This month's most traded stocks were Sberbank ords (SBER) with a turnover of RUB 178.94 bln (23% of the total), followed by Gazprom (GAZP) with RUB 136.67 bln (18%), VTB (VTBR) with RUB 62.85 bln (8%), Lukoil (LKOH) with RUB 51.72 bln (7%) and Rosneft (ROSN) with RUB 35.56 bln (5%). Other securities' turnover totalled RUB 296.8 bln (39% of the total trading volume).

The bond market's trading volume totaled RUB 0.8 trln in June. The average daily trading volume was RUB 40 bln, up 20.1% MoM. Secondary market turnover in corporate ruble bonds was RUB 322.4 bln (40.2% of the total trading volume). Regional ruble bonds' turnover was RUB 32.4 bln (4%), Sovereign ruble bonds saw RUB 255.1 bln (31.8%), while Eurobonds had RUB 4.9 bln (0.6%). The total volume of new issues placed was to RUB 187 bln (23.3%)..

The Russian Government Bond Index (RGBI) grew 0.88% in June to 128.5 (from 127.38 at the end of May). The MICEX Corporate Municipal Bond Index (MICEX CBI CP) was up 0.33% to 91.19 (from 90.89). The MICEX Municipal Bond Index (MICEX MBI CP) was up 0.28% to 95.2 (from 94.93).

The total value traded on the Moscow Exchange's derivatives market in June was RUB 3.5 trln, or 85 mln contracts. The average daily value was RUB 174.9 bln, up 5.6% MoM. The total open interest at the end of the month was RUB 407 bln, or 11 mln contracts. Index derivatives made up 51.9% of the total trading volume (RUB 1.8 trln), securities derivatives constituted 7.1% (RUB 0.25 trln), FX derivatives made up 38.9% (RUB 1.36 trln), interest derivatives came to 0.2% (RUB 5.7 bln), and commodity derivatives were 1.9% (RUB 66.5 bln).

The most traded derivatives in June were the RTS Index futures contract (RTS), with a trading volume of RUB 1.8 trln (51.5% of the total), the USD/RUB FX futures contract (Si) at RUB 1.2 trln (34.9%), futures on Sberbank ords (SBR) at RUB 106.4 trln (3%), futures on Gazprom ords (GAZ) at RUB 71 bln (2%) and the EUR/USD FX futures contract (ED) at RUB 66.5 bln (1.9%). Other derivatives' turnovers totalled RUB 0.23 trln (6.6%).

The USD and EUR depreciated against the RUB in June. The USD with next day settlement weakened RUB 0.82 (2.4%) to RUB 33.95. The EUR with next day settlement lost RUB 1.03 (2.2%) to RUB 46.32 at the end of June.

The FX market's trading volume totaled RUB 17.5 trln* in June. The average daily trading volume was RUB 873 bln, up 4.4% MoM. Spot trading reached RUB 4.9 trln, or 27.9% of the total trading volume. Swap operations accounted for 72.1% of the total trading volume (RUB 12.6 trln).

USD/RUB transactions made up 83.6% of the total trading volume, with a total value of RUB 14.6 tln; EUR/RUB came to RUB 2.6 trln (15%); EUR/USD totalled RUB 0.3 trln (1.3%), CNY/RUB were RUB 14.1 bln (0.09%), and the dual currency basket's transaction volume came to RUB 0.7 bln (0.01%).

*the additional session is considered

The money market trading volume was RUB 14.6 trln in June. The average daily trading volume was RUB 731 bln, down 1.6% MoM. Interdealer repo transactions totalled RUB 5.8 trln (39.4% of the total trading volume), while direct repo with the CBR came to RUB 7.6 trln (51.9%). Credit market volumes were RUB 0.53 trln (3.6%) (including CBR deposit operations of RUB 531 bln, CBR lombard auctions of RUB 0.3 bln), Federal Treasutry deposits came to RUB 556 bln, and Pension Fund deposits accounted for RUB 176 bln (1.2%).