OREANDA-NEWS. Over the week of August 26 - 30, 2013 the Moscow Exchange Indices reflected the negative trend on the Russian stock market. The MICEX Index was down 2.05% to 1,364.65 (1,393.21 as of August 23, 2013) and the dollar-denominated RTS Index fell by 3.01% to 1,290.96 (1,330.99 as of August 23, 2013).

The US dollar depreciated by 0.04% against the ruble last week.

The stock market volatility increased last week with the Russian Volatility Index rising by 9.29% to 22.95 (21.00 as of August 23, 2013).

Last week most of the key economic sectors represented on the Russian stock market behaved negatively. The largest downturn was reported by the telecommunication with the relevant sector index falling by 6.06%. A significant decrease was also shown by the electric utilities and the industrials with the relevant sector indices being down 5.82% and 4.14% respectively. The upturn was reported by the oil and gas (+0.24%).

The MICEX Innovation Index lost 3.92% to 424.00 (441.30 as of August 23, 2013).

The Blue-Chip Index decreased by 1.98% to 9,208.07 (9,393.84 as of August 23, 2013).

The Second-Tier Index depreciated by 3.23% to 3,011.90 (3,112.59 as of August 23, 2013). The Broad Market Index lost 2.07% to 966.23 (986.70 as of August 23, 2013).

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

Over the week of August 26 - 30, 2013 the Moscow Exchange Indices reflected the negative trend on the Russian stock market. The MICEX Index was down 2.05% to 1,364.65 (1,393.21 as of August 23, 2013) and the dollar-denominated RTS Index fell by 3.01% to 1,290.96 (1,330.99 as of August 23, 2013).

At the end of the week the MICEX Index was 1.63% lower than a month ago (1,387.31 as of July 30, 2013) and 4.56% lower than a year ago (1,429.82 as of August 30,

2012). The RTS Index was 2.67% lower than a month ago (1,326.41 as of July 30, 2013) and 6.74% lower than a year ago (1,384.26 as of August 30, 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 9.29%.

The most negative impact on the MICEX Index was mainly due to the falling prices for ordinary shares of Sberbank (-0.50%), OJSC "Magnit" (-0.35%) and OJSC "Rostelecom" (-0.29%).

Trading volume of securities included into the Moscow Exchange Indices' list of constituents amounted to RUB 102.94 billion, and the market capitalization of the Indices' constituents amounted to RUB 19,001.59 billion.

At the end of the week, 41 constituents of the MICEX Index list were pushing the Index down (-2.40%), while 9 securities behaved positively (+0.35%).

On the sector level, the major negative impact was made by the financials (-0.63%) and the telecommunication (-0.45%).

The oil & gas sector accounted for 52.02% of the MICEX Index total capitalization. The other large-weight sectors were the finance (19.30%) and the telecommunication (7.17%).

Blue Chip Index

For the week of August 26 - 30, 2013 the Blue Chip Index showed a negative trend.

The Blue Chip Index was down 1.98% to 9,208.07 (9,393.84 as of August 23, 2013). At the end of the week the Blue Chip Index was 1.77% lower than a month ago (9,374.28 as of July 30, 2013) and 5.98% lower than a year ago (9,793.88 as of August 30, 2012).

At the end of the week, 14 out of 17 securities included into Index list were pushing the Blue Chip Index down (-2.30%), while 3 shares behaved positively (+0.32%).

The most negative impact on the Blue Chip Index was mainly due to the falling prices for ordinary shares of Sberbank (-0.57%) and OJSC "Magnit" (-0.40%).

The most positive impact was due to the rising prices for ordinary shares of Rosneft (+0.26%) and preferred shares of "Surgutneftegas" OJSC (+0.04%).

The oil & gas sector accounted for 57.27% of the Blue Chip Index total capitalization. The other large-weight sectors were the finance (19.33%) and the telecommunication (7.84%).

Broad Market and Second- Tier Indices

For the week of August 26 - 30, 2013 the Second-Tier Index depreciated by 3.23% to 3,011.90 (3,112.59 as of August 23, 2013). The Broad Market Index lost 2.07% to 966.23 (986.70 as of August 23, 2013).

At the end of the week the Second-Tier Index was 0.95% higher than a month ago (2,983.61 as of July 30, 2013) and 10.31% lower than a year ago (3,358.27 as of August 30, 2012).

The Broad Market Index was 1.62% lower than a month ago (982.12 as July 30, 2012) and 4.88% lower than a year ago (1,015.78 as of August 30, 2012).

At the end of the week, 40 securities included into the Second-Tier Index constituent list were pushing the Index down (-4.17%), while 8 securities behaved positively (+0.94%). The prices of two constituent stocks remained unchanged.

The most negative impact on the Second-Tier Index was due to the falling prices of JSC "TransContamer" (-1.16%) and JSC "OGK-2" (-0.36%).

The most negative impact on the Broad Market Index was mainly due to the falling prices for ordinary shares of Sberbank (-0.50%) and OJSC "Magnit" (-0.36%).

The most negative impact on the Second-Tier Index was mainly due to the falling prices for securities of the electric utilities (-1.58%) and the transportation (-1.15%).

The electric utilities sector accounted for 35.99% of the Second-Tier Index total capitalization. The other large-weight sectors were the consumer goods & retail (19.08%) and the industrials (11.72%).

Debt Market

The Russian Government Bond Index (RGBI, total return) was down 0.13% to 133.00 last week (133.17 points as of August 23, 2013). The yield to maturity of the securities being the part of the calculation formula was up 2 basis points to 7.35%.

The Municipal Bond Index (MICEX MBI TR, total return) showed the negative trend and reached 175.15 points reducing by 0.14 basis points (175.40 as of August 23, 2013).

The total return value of the MICEX Corporate Bond Index (MICEX CBI TR) was up 0.15% to 237.67 points.

The conservative investment strategy tracking the last week's pension index could have resulted in a gain of 0.20% per week. The aggressive investment strategy based on the pension index could have brought a loss of 1.68% per week.

The bond overnight repo rate was up 7 basis points (from 6.04% to 6.11%). The equity overnight repo rate was equaled 6.19%.

Index Derivatives

For the week of August 26 - 30, 2013 the total trading volume in index futures and options on the Moscow Exchange Derivatives Market equaled RUB 478.84 billion or 5.51 million contracts.

Last week's trading volume for the most liquid contract on FORTS, futures contract on the RTS Index, amounted to RUB 420.58 billion or 4.86 million contracts.

The RTS Index futures contract traded in backwardation last week. By the end of the week the RTS Index lost 3.01%, while the September and the December futures contracts down 3.32% and 3.38% respectively.

The total investor's open interest measured in RTS Index futures increased by 6.94%.

During the week the trading volume in futures contract on the MICEX Index was RUB 4.87 billion or 35.37 thousand contracts. Open interest in the MICEX Index futures decreased by 5.04%.

Trading volume in options on RTS Index futures totaled RUB 53.27 billion or 613.50 thousand contracts last week. Open interest of RUB 128.55 billion or 1.48 billion contracts was fixed. Put options made up 55.77% 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 increased by 12.13%.