OREANDA-NEWS. January 18, 2012. For the week of January 3-6, 2012 the MICEX Index rose 2.74% to 1,440.60 points from 1,402.23 points as of December 30, 2011.

The RTS Index calculated based on prices in US dollar added 3.03% to reach 1,423.70 points (1,372.87 points as of December 30, 2011). The US dollar appreciated by 0.55% against the ruble.

The stock market volatility fell last week, with the Russian Volatility Index declining 0.63% to 37.89 points (38.13 points as of December 30, 2011)

Last week most of the key economy sectors represented on the Russian stock market demonstrated a positive trend. The largest growth was reported by the power sector, with the relevant sector index gaining 4.98%%. A significant increase was also shown by the metals & mining and telecommunication sectors, with the MICEX M&M\RTSmm Index and MICEX TLC\RTStl Index going up by 3.96% and 2.81% respectively. The MICEX Innovation Index added 0.65%.

Mid cap companies were most affected by the last week's market growth, with the MICEX Mid Cap Index surging 3.60%. The MICEX Small Cap Index and MICEX Large Cap Index were up 2.96% and 2.59% respectively.

Index

Last

Return over the period, %

Value

Week

Month

Quarter

Year

Composite Indices

MICEX,Index 1,440.60 2.74% -1.19% 9.28% -14.66%

RTS,Index RTS,Standard,Index

1,423.70 3.03% -4.17% 11.95% 9,849.90 2.69% -1.36% 10.77%

-19.58% -13.55%

Sectoral,Indices,(in,RUB)*

Oil,&,Gas Electric, Utiliti es

3,059.49 2,155.16

2.55% 0.52% 4.98% -7.22%

16.19% 4.78%

2.61% -37.26%

Consumer,&,Retail Telecommunication

4,007.56 2,135.69

2.55% -5.02% 2.81% -3.53%

-0.35% 12.84%

-34.60% -12.40%

Industrials

Financials

1,744.65 4,894.44

1.72% -6.66% 8.52% 1.65% -3.71% 5.74%

-39.46% -28.52%

Chemicals Metals,&,Mining

6,985.89 3,204.76

0.72% -2.76% 13.97% 3.96% -7.96% -6.55%

11.32% -45.57%

Cap,Indices

Large,Cap 2,329.39 2.59% -1.29% 8.14% -13.93%

Mid,Cap Small,Cap

2,366.68 3,556.95

3.60% 2.96%

-2.79% -6.27%

7.92% -2.11%

-26.18% -40.13%

Thematic,indices

Russian,Volatility,Ind

ex 37.89 -0.63%-22.07% -35.45% 44.10%

RTS,Siberia,Index

MICEX,Innovation,In

dex

672.74 775.11

0.58% -6.23% 0.65% 30.12%

3.21% -12.28%

-32.72% -76.99%

Currency,(CBR)

USD,/,RUB 32.20 0.55% 4.17% -1.35% * Sector indices based on prices in US dollars are also available

6.05%

For the week of January 3-6, 2011 the Russian stock market showed an upturn of prices.

The MICEX Index added 2.74% to reach 1,440.60 points from 1,402.23 points as of December 30, 2011. At the end of the week the MICEX Index was 1.19% lower than a month ago (1,457.90 points as of December 6, 2011) and 14.66% lower than a year ago (1,687.99 points as of December 30, 2010).

Trading volume of securities included into the MICEX Index constituents list and traded on the Main market equaled RUB95.53 billion. By the end of the week the market capitalization of the Index component stocks amounted to RUB19,488.22 billion.

Out of 30 constituents of the MICEX Index 26 were pulling the Index up (plus 2.87%), whereas 4 securities had a negative impact (down 0.13%). The positive effect leaders were ordinary shares of Sberbank (plus 0.61%), Gazprom (0.43%) and OAO "LUKOIL" (plus 0.35%).

The most negative impact was mainly due to the falling prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (down 0.07%).

The oil & gas sector accounted for 55.94% of the MICEX Index' total capitalization. The other large- weight sectors were finance (17.15%) and metallurgy (8.50%).

On the sector level the major positive contributors were the oil & gas (plus 1.40%) and banks & finance sectors (plus 0.72%).

For the week of January 3-6, 2011 the RTS Index move up by 3.03% to 1,423.70 points from 1,381.87 points as of December 30, 2011. At the end of the week the RTS Index was 4.17% lower than a month ago (1,485.67 points as of December 6, 2011) and 19.58% lower than a year ago (1,770.28 points as of December 30, 2010).

Last week's growth of the RTS Index was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX lost 0.63%.

The US dollar appreciated by 0.55% against the ruble.

Out of 50 Index constituents 22 were pulling the Index up (plus 3.12%), whereas 3 securities had a negative impact (down 0.09%). The price for 25 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 0.70%), followed by Gazprom (plus 0.53%) and OAO "LUKOIL" (plus 0.42%).

The negative impact was mainly related to the lowering prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (down 0.05%).

On the sector level the major positive contributors were the oil & gas (plus 1.62%) and banks & finance sectors (plus 0.83%).

For the week of January 3-6, 2011 the total trading volume on the derivatives market FORTS equaled RUB229.09 billion rubles representing 2.53 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contracts on the RTS Index, amounted to RUB209.17 billion representing 2.32 million contracts.

RTS Index futures contract traded in a backwardation last week. By the end of the week the RTS Index added 3.03%, while the March and June futures contracts grew by 3.41% and 3.05% respectively.

The total investor's open interest measured in RTS Index futures increased by 0.87%.

During the week, trading volume in futures contract on the MICEX Index was RUB3.92 billion representing 27.1 thousand contracts. Open interest in the contract decreased by 6.34%.

Trading volume in options on RTS Index futures totaled RUB14.94 billion representing 169.27 thousand contracts. By the end of the week, open interest of RUB41.15 billion or 454.79 thousand contracts was fixed. Call options made up 65.4% of the total open interest for these contracts. 150,000 strike calls and 120,000 strike puts had the highest open interest.

The total investor's open interest measured in options on the RTS index futures increased by 2.32%.