OREANDA-NEWS. Over the week of July 15-19, 2013 the Moscow Exchange Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 1.68% to 1,421.67 (1,398.22 as of July 12, 2013) and the dollar-denominated RTS Index grew by 2.49% to 1,382.33 (1,348.81 as of July 12, 2013).

The US dollar depreciated by 0.57% against the ruble last week.

The stock market volatility decreased last week with the Russian Volatility Index falling by 5.49% to 24.08 (25.48 as of July 12, 2013).

Last week most of the key economic sectors represented on the Russian stock market behaved positively. The largest upturn was reported by the electric utilities with the relevant sector index rising by 5.10%. A significant increase was also shown by the metals and mining and the telecommunication with the relevant sector indices being up 1.64% and 1.35% respectively. The largest downturn was reported by the industrials (-2.06%).

The MICEX Innovation Index added 0.22% to 432.88 (431.93 as of July 12, 2013).

The Blue-Chip Index increased by 1.71% to 9,638.40 (9,476.82 as of July 12, 2013).

The Second-Tier Index grew by 0.58% to 3,041.30 (3,023.68 as of July 12, 2013). The Broad Market Index gained 1.68% to 1005.87 (989.24 as of July 12, 2013).

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

Over the week of July 15-19, 2013 the Moscow Exchange Indices reflected the positive trend on the Russian stock market. The MICEX Index was up 1.68% to 1,421.67 (1,398.22 as of July 12, 2013) and the dollar-denominated RTS Index grew by 2.49% to 1,382.33 (1,348.81 as of July 12, 2013).

At the end of the week the MICEX Index was 7.41% higher than a month ago (1,323.57 as of June 19, 2013) and 0.89% lower than a year ago (1,434.47 as of July 19, 2012). The RTS Index was 7.01% higher than a month ago (1,291.72 as of June 19, 2013) and 2.24% lower than a year ago (1,413.97 as of July 19, 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 5.49%.

The most positive impact on the MICEX Index was mainly due to the rising prices for ordinary shares of OJSC "GAZPROM" (+0.92%), OAO "LUKOIL" (+0.22%) and OJSC "Magnit" (+0.21%).

Trading volume of securities included into the Moscow Exchange Indices' list of constituents amounted to RUB 162.65 billion, and the market capitalization of the Indices' constituents amounted to RUB 19,663.73 billion.

At the end of the week, 27 constituents of the MICEX Index list were pushing the Index up (+2.19%), while 23 securities behaved negatively (-0.51%).

On the sector level, the major positive impact was made by the oil and gas (+1.07%) and the consumer goods and retail (+0.24%).

The oil & gas sector accounted for 50.29% of the MICEX Index total capitalization. The other large-weight sectors were the finance (20.16%) and the telecommunication (6.90%).

Blue Chip Index

For the week of July 15-19, 2013 the Blue Chip Index showed a positive trend.

The Blue Chip Index was up 1.71% to 9,638.40 (9,476.82 as of July 12, 2013). At the end of the week the Blue Chip Index was 7.98% higher than a month ago (8,926.47 as of June 19, 2013) and 2.03% lower than a year ago (9,838.10 as of July 19, 2012).

At the end of the week, 9 out of 17 securities included into Index list were pushing the Blue Chip Index up (+2.14%), while 8 shares behaved negatively (-0.43%).

The most positive impact on the Blue Chip Index was mainly due to the rising prices for ordinary shares of OJSC "GAZPROM" (+1.04%) and OAO "LUKOIL" (+0.25%).

The most negative impact was due to the falling prices for ordinary shares of OJSC "SURGUTNEFTEGAS" (-0.09%) and Rosneft (-0.08%).

The oil & gas sector accounted for 55.18% of the Blue Chip Index total capitalization. The other large-weight sectors were the finance (20.56%) and the telecommunication (7.49%).

Broad Market and Second- Tier Indices

For the week of July 15 - 19, 2013 The Second-Tier Index grew by 0.58% to 3,041.30 (3,023.68 as of July 12, 2013). The Broad Market Index gained 1.68% to 1005.87 (989.24 as of July 12, 2013).

At the end of the week the Second-Tier Index was 2.44% higher than a month ago (2,968.94 as of June 19, 2013) and 8.28% lower than a year ago (3,315.93 as of July 19, 2012).

The Broad Market Index was 7.36% higher than a month ago (936.93 as June 19, 2012) and 1.17% lower than a year ago (1,017.77 as of July 19, 2012).

At the end of the week, 24 securities included into the Second-Tier Index constituent list were pushing the Index up (+2.02%), while 24 securities behaved negatively (-1.44%). The price of two constituent stocks remained unchanged.

The most positive impact on the Second-Tier Index was due to the rising prices of IDGC of Centre, JSC (+0.35%) and V.Bank (+0.23%).

The most positive impact on the Broad Market Index was mainly due to the rising prices for ordinary shares of OJSC "GAZPROM" (+0.92%) and OAO "LUKOIL" (+0.22%).

The most positive impact on the Second-Tier Index was mainly due to the rising prices for securities of the electric utilities (+1.00%) and the financials (+0.33%).

The electric utilities sector accounted for 38.14% of the Second-Tier Index total capitalization. The other large-weight sectors were the consumer goods & retail (18.11%) and the industrials (11.04%).

Debt Market

The Russian Government Bond Index (RGBI, total return) was up 0.86% to 136.38 last week (135.22 points as of July 12, 2013). The yield to maturity of the securities being the part of the calculation formula was down 14 basis points to 6.95%.

The Municipal Bond Index (MICEX MBI TR, total return) showed the positive trend and reached 173.96 basis points (173.51 as of July 12, 2013).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.30% to 235.37 points.

The conservative investment strategy tracking the last week's pension index could have resulted in a gain of 0.26% per week. The aggressive investment strategy based on the pension index could have brought a profit of 1.24% per week.

The bond overnight repo rate was down 2 basis points (from 6.16% to 6.14%). The equity overnight repo rate was equaled 6.06%.

Index Derivatives

For the week of July 15-19, 2013 the total trading volume in index futures and options on the Moscow Exchange Derivatives Market equaled RUB 568.31 billion or 6.40 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contract on the RTS Index, amounted to RUB 483.16 billion or 5.44 million contracts.

The RTS Index futures contract traded in backwardation last week. By the end of the week the RTS Index gained 2.49%, while the September and the December futures contracts up 2.79% and 2.91% respectively.

The total investor's open interest measured in RTS Index futures decreased by 28.80%.

During the week the trading volume in futures contract on the MICEX Index was RUB 4.17 billion or 29.20 thousand contracts. Open interest in the MICEX Index futures increased by 0.51%.

Trading volume in options on RTS Index futures totaled RUB 80.68 billion or 928.34 thousand contracts last week. Open interest of RUB 89.19 billion or 1.05 billion contracts was fixed. Put options made up 62.85% of the total open interest for these contracts. The 140.000 strike calls and 120.000 strike puts had the highest open interest.

The total investors' open interest measured in options on the RTS index futures decreased by 22.77%.