OREANDA-NEWS. In October 2014, Moscow Exchange's indices reflected the positive trend by the MICEX Index on the Russian stock market. The MICEX Index was up 5.49% to 1,488.47 (from 1,411.07 on 30 September), while the dollar-denominated RTS Index fell 2.87% to 1,091.44 (from 1,123.72).

The dollar appreciated 10.18% against the rouble.

Volatility decreased, with the Russian Volatility Index falling 3.97% to 31.94 (from 33.26).

Most of the key sectors made gains. The largest upturn was in Metals and Mining, the sector index of which rose 7.07%. Oil and Gas and Chemicals climbed a respective 6.64% and 5.06%. The largest loss in Transport is 7.24%.

The Blue Chip Index increased 5.93% to 10,041.34 (from 9,479.29).

The Second Tier Index depreciated 1.82% to 2,793.05 (from 2 845.05). The Broad Market Index gained 5.37% to 1,050.86 (from 997.26).

MICEX & RTS Indices: Moscow Exchange's main indices

In October 2014, Moscow Exchange's indices reflected the positive trend by the MICEX Index on the Russian stock market. The MICEX Index was up 5.49% to 1,488.47 (from 1,411.07 on 30 September), while the dollar-denominated RTS Index fell 2.87% to 1,091.44 (from 1,123.72).

The MICEX Index on 31 October was down 1.44% YoY (from 1,510.21). The RTS Index was down 26.27% YoY (from 1,480.42).

The RTS Index's decrease last month was accompanied by a decrease in volatility, with the Russian Volatility Index (RTSVX) down 3.97%.

The turnover of securities included in Moscow Exchange's indices was RUB 736.48 bin, and their market cap totaled RUB 21,611.76 bln.

Of the 50 MICEX Index constituents, 31 constituents of the MICEX Index lists pulled the index up (rising a total 6.02%), while 19 incurred losses (totaling 0.54%).

On the sector level, the major positive impact was from oil and gas (up 2.76%) and consumer goods and retail (up 1.49%).

The largest positive impact on the MICEX Index was from prices rising for ords of OJSC "Magnit" (up 1.50%), OAO "LUKOIL" (up 0.76%) and "OJSC "MMC "NORILSK NICKEL" (up 0.50%). The largest negative impact was from price losses by ords of MTS OJSC (down 0.29%) and OJSC "MegaFon" (off 0.04%).

The largest negative impact on the RTS Index was from prices falling for ords of JSC "GAZPROM" (down 0.84%), Sberbank (off 0.81%) and MTS OJSC (down 0.70%). The largest positive impact was from price gains by ords of OJSC "Magnit" (up 0.80%) and Sistema JSFC (up 0.08%).

Oil & gas accounted for 50.49% of the MICEX Index's total capitalization. The other heavily weighted sectors were financials (16.71%) and metals and mining (10.24%).

Blue Ohip Index

The Blue Chip Index rose in October.

It was up 5.93% MoM to 10,041.34 (from 9,479.29), and off 2.30% YoY (from 10,278.04).

Of the sixteen securities included in the Index lists, fifteen were pulling the Blue Chip Index up at the end of the month (rising a total 6.27%), while one made loss (totaling 0.34%).

The largest positive impact on the index was from prices rising for ords of OJSC "Magnit" (up 1.79%), OAO "LUKOIL" (up 0.90%) and "OJSC "MMC "NORILSK NICKEL" (up 0.60%).

The largest negative impact was from price losses by ords of MTS OJSC (down 0.34%).

The oil & gas sector accounted for 58.71% of the Blue Chip Index's total capitalization. The other large weight sectors were financials (17.48%) and consumer goods and retail (10.14%).

Broad Market and Second- Tier Indices

The Second Tier Index fell 1.82% during the month to 2,793.35 (from 2,845.05). The Broad Market Index rose 5.37% MoM to 1,050.86 (from 997.26).

The Second Tier Index was down 7.54% YoY (from 3,021.22). The Broad Market Index was down 1.57% YoY (from 1,067.62).

Of the fifty securities included in the Second Tier Index lists, twenty six were pulling the index down (with losses totaling 3.65%), while twenty four made gains (totaling 1.83%).

The largest negative impact on the Second Tier Index was from losses by ords of JSC "TGC-1" (down 0.64%) and "IDGC of Centre", JSC (off 0.48%).

The heaviest positive impact on the Broad Market Index was from ords of OJSC "Magnit" (up 1.48%) and OAO "LUKOIL" (up 0.74%).

The largest negative impact on the Second Tier Index was from electric utilities (down 0.74%) and metals and mining (off 0.59%).

Electric utilities accounted for 46.59% of the Second Tier Index's total capitalization. The other heavily weighted sectors were and metals and mining (11.63%) and consumer goods and retail (8.82%).

Aggregate bond index RUABITR (total return), comprised of Government, corporate and municipal bonds traded on Moscow Exchange was down 1.69%.

Russian Government Bond Index RGBITR was down 1.87% to 314.74 points. The YTM of securities included in the index was 9.95%. The lowest decline among government bond indices, segmented by duration, showed RUGBITR3Y that includes government bonds with duration from 1 to 3 years. It fell down by 0.46%.

Municipal bond index MICEXMBITR was down 1.59% in October and equaled 181.01 points. The lowest decline among municipal bond indices segmented by duration and credit quality showed RUMBITRBB3Y that includes bonds with duration more from 1 to 3 years and credit rating from BB- to BB+. It fell down by 0.76% in October.

The MICEX Corporate Bond Index MICEXCBITR total return value was down 0.97% to 246.56 points. The YTM of securities included in the calculation formula was 11.71%.

Among all corporate bond indices growth showed only RUCBITRB - 0.30%, that includes corporate bonds with credit quality from B- to B+ and duration more than 1 year.

High credit quality corporate bond index RUCBITRBBB was down 0.64%. "BB segment" bond index RUCBITRBB was down 3.15%.

The highest yield to maturity (YTM) on 31.10.2014 showed RCBITRBB index. It was 13.61%.

A conservative pension investment strategy tracking RUPCI index could have resulted in 0.20% loss. The aggressive investment strategy could have brought a profit of 2.28%. Moderate Pension index was up 0.88%.

The bond overnight repo rate indicator was up 46 bps (from 8.48% to 8.88%).

The equity overnight repo rate indicator was 9.11%.