OREANDA-NEWS. Over the week of August 12 - 16, 2013 the Moscow Exchange Indices reflected the negative trend on the Russian stock market.

The MICEX Index was down 0.17% to 1,380.31 (1,382.72 as of August 9, 2013) and the dollar- denominated RTS Index fell by 0.17% to 1,323.42 (1,325.72 as of August 9, 2013).

The US dollar appreciated by 0.18% against the ruble last week.

The stock market volatility increased last week with the Russian Volatility Index rising by 8.24% to 22.72 (20.99 as of August 9, 2013).

Last week most of the key economic sectors represented on the Russian stock market behaved negatively. The largest downturn was reported by the consumer goods and retail with the relevant sector index falling by 1.72%. A significant decrease was also shown by the telecommunication and the electric utilities with the relevant sector indices being down 1.25% and 0.69% respectively. The largest upturn was reported by the industrials (+9.84%).

The MICEX Innovation Index added 1.27% to 444.35 (438.77 as of August 9, 2013).

The Blue-Chip Index decreased by 0.05% to 9,313.18 (9,318.03 as of August 9, 2013).

The Second-Tier Index appreciated by 2.58% to 3,082.79 (3,005.35 as of August 9, 2013). The Broad Market Index lost 0.12% to 977.68 (978.84 as of August 9, 2013).

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

Over the week of August 12 - 16, 2013 the Moscow Exchange Indices reflected the negative trend on the Russian stock market. The MICEX Index was down 0.17% to 1,380.31 (1,382.72 as of August 9, 2013) and the dollar- denominated RTS Index fell by 0.17% to 1,323.42 (1,325.72 as of August 9, 2013).

At the end of the week the MICEX Index was 2.11% lower than a month ago (1,410.10 as of July 16, 2013) and 4.93% lower than a year ago (1,451.87 as of August 16,

2012). The RTS Index was 3.32% lower than a month ago (1,368.83 as of July 16, 2013) and 7.52% lower than a year ago (1,431.07 as of August 16, 2012).

Last week's decrease of the RTS Index was accompanied by the increase of volatility levels, when the Russian Volatility Index RTSVX was up 8.24%.

The most negative impact on the MICEX Index was mainly due to the falling prices for ordinary shares of Sberbank (-0.26%), OJSC Uralkali (-0.11%) and "OJSC "Magnit" (-0.10%).

Trading volume of securities included into the Moscow Exchange Indices' list of constituents amounted to RUB 116.72 billion, and the market capitalization of the Indices' constituents amounted to RUB 19,078.09 billion.

At the end of the week, 35 constituents of the MICEX Index list were pushing the Index down (-0.91%), while 14 securities behaved positively (+0.74%). The price of one constituent stock remained unchanged.

On the sector level, the major negative impact was made by the financials (-0.22%) and the consumer goods and retail (-0.13%).

The oil & gas sector accounted for 50.70% of the MICEX Index total capitalization. The other large-weight sectors were the finance (20.04%) and the telecommunication (7.31%).

Blue Chip Index

For the week of August 12 - 16, 2013 the Blue Chip Index showed a negative trend.

The Blue Chip Index was down 0.05% to 9,313.18 (9,318.03 as of August 9, 2013). At the end of the week the Blue Chip Index was 2.55% lower than a month ago (9,556.73 as of July 16, 2013) and 6.15% lower than a year ago (9,923.58 as of August 16, 2012).

At the end of the week, 12 out of 17 securities included into Index list were pushing the Blue Chip Index down (-0.86%), while 5 shares behaved positively (+0.81%).

The most negative impact on the Blue Chip Index was mainly due to the falling prices for ordinary shares of Sberbank (-0.30%) and OJSC Uralkali (-0.13%).

The most positive impact was due to the rising prices for ordinary shares of JSC "GAZPROM" (+0.35%) and JSC "NOVATEK" (+0.25%).

The oil & gas sector accounted for 55.89% of the Blue Chip Index total capitalization. The other large-weight sectors were the finance (20.25%) and the telecommunication (7.97%).

Broad Market and Second- Tier Indices

For the week of August 12 - 16, 2013 the Second-Tier Index appreciated by 2.58% to 3,082.79 (3,005.35 as of August 9, 2013). The Broad Market Index lost 0.12% to 977.68 (978.84 as of August 9, 2013).

At the end of the week the Second-Tier Index was 1.62% higher than a month ago (3,033.78 as of July 16, 2013) and 9.59% lower than a year ago (3,409.92 as of August 16, 2012).

The Broad Market Index was 1.99% lower than a month ago (997.58 as July 16, 2012) and 4.93% lower than a year ago (1,028.36 as of August 16, 2012).

At the end of the week, 25 securities included into the Second-Tier Index constituent list were pushing the Index up (+3.68%), while 24 securities behaved negatively (-1.10%). The price of one constituent stock remained unchanged.

The most positive impact on the Second-Tier Index was due to the rising prices of OJSC KAMAZ (+1.29%) and JSC "TransContainer" (+0.79%).

The most negative impact on the Broad Market Index was mainly due to the falling prices for ordinary shares of Sberbank (-0.26%) and OJSC Uralkali (-0.11%).

The most positive impact on the Second-Tier Index was mainly due to the rising prices for securities of the industrials (+1.71%) and the transportation (+0.84%).

The electric utilities sector accounted for 36.23% of the Second-Tier Index total capitalization. The other large-weight sectors were the consumer goods & retail (18.38%) and the industrials (9.73%).

Debt Market

The Russian Government Bond Index (RGBI. total return) was down 0.34% to 135.00 last week (135.46 points as of August 09, 2013). The yield to maturity of the securities being the part of the calculation formula was up 5 basis points to 7.011%.

The Municipal Bond Index (MICEX MBI TR, total return) showed the positive trend and reached 175.16 basis points (174.84 as of August 09, 2013).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.16% to 236.93 points.

The conservative investment strategy tracking the last week's pension index could have resulted in a gain of 0.16% per week. The aggressive investment strategy based on the pension index could have brought a profit of 0.39% per week.

The bond overnight repo rate was up 13 basis points (from 6.00% to 6.13%). The equity overnight repo rate was equaled 6.07%.

Index Derivatives

For the week of August 12 - 16, 2013 the total trading volume in index futures and options on the Moscow Exchange Derivatives Market equaled RUB 452.18 billion or 5.13 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contract on the RTS Index, amounted to RUB 367.29 billion or 4.18 million contracts.

The RTS Index futures contract traded in backwardation last week. By the end of the week the RTS Index lost 0.17%, while the September and the December futures contracts down 0.11% and 0.03% respectively.

The total investor's open interest measured in RTS Index futures decreased by 5.45%.

During the week the trading volume in futures contract on the MICEX Index was RUB 5.75 billion or 40.90 thousand contracts. Open interest in the MICEX Index futures increased by 12.80%.

Trading volume in options on RTS Index futures totaled RUB 78.82 billion or 905.28 thousand contracts last week. Open interest of RUB 89.41 billion or 1.05 billion contracts was fixed. Put options made up 61.77% of the total open interest for these contracts. The 135.000 strike calls and 125.000 strike puts had the highest open interest.

The total investors' open interest measured in options on the RTS index futures decreased by 32.98%.