OREANDA-NEWS. The total monthly trading volume on the Moscow Exchange's markets in August was RUB 37.7 trln. The average daily trading volume was RUB 1.7 trln, down 6.6% MoM. Trading in securities, RDRs, and mutual fund units made up 1.8% (RUB 0.7 trln) of the total trading volume, the bond market's share was 1.8% (RUB 0.7 trln), the derivatives market made up 10.3% (RUB 3.9 trln), and the FX and money market accounted for a combined 86.1% (RUB 32.4 trln).

The trading volume of stocks totaled RUB 0.7 trln in August. The average daily trading volume was RUB 32.5 bln, down 7.6% MoM. The T+2 sector made up 98.2% of the total secondary market trading volume and the T0 accounted for 1.8%. The primary market's value was RUB 3.1 bln. The OTC trading volume was RUB 0.2 trln, or 24% of the combined value of the secondary market and OTC trades.

The MICEX Index was up 1.5% MoM to 1,400.71 at the end of August from 1,379.61 at the end of July. The dollar-denominated RTS Index was down 2.4% to 1,190.23 from 1,219.36. The cash equity market's capitalisation depreciated 4.2% to USD 632.51 bln from USD 660.35 bln.

The following blue chips were down in August:

Sberbank ords, by 0.5% (to RUB 73.21 per share), and VTB Bank ords, by 3.5% (to RUB 0.0384 per share). The following blue chip shares were up in August:

Rostelecom ords, by 12.8% (RUB 99 per share),

Norilsk Nickel ords, by 2.4% (to RUB 7,230 per share),

Polyus Gold ords, by 3.3% (RUB 498 per share),

Federal Grid Company ords, by 2.7% (RUB 0.054 per share),

Rosneft ords, by 1.3% (to RUB 226 per share),

Surgutneftegas ords, by 2.7% (to RUB 25.525 per share),

Lukoil ords, by 2.7% (RUB 2,055 per share).

Gazprom ords remained unchanged at RUB 131.95 per share.

This month's most traded stocks were Sberbank ords (SBER) with a turnover of RUB 234.3 bln (34% of the total), followed by Gazprom (GAZP) with RUB 115.1 bln (17%), Lukoil (LKOH) with RUB 37.5 bln (3%), VTB Bank (VTBR) with RUB 30.5 bln (5%), and Sberbank prefs (SBERP) with RUB 29.1 bln (4%). Other securities' turnover totalled RUB 237 bln (34% of the total trading volume).

The secondary bond market's trading volume totaled RUB 0.7 trln in August. The average daily trading volume was RUB 32.1 bln, down 14% MoM. Secondary market turnover in corporate ruble bonds was RUB 263 bln (39% of the total trading volume). Regional ruble bonds' turnover was RUB 22.6 bln (3.4%), Sovereign ruble bonds saw RUB 341.3 bln (50.7%), while Eurobonds had RUB1.7 bln (0.2%). The total volume of new issues placed was RUB 45 bln (6.7%).

The Russian Government Bond Index (RGBI) fell 1% in August to 122.47 (from 123.75 at the end of July).The MICEX Corporate Bond Index (MICEX CBI CP) was down 0.58% to 90.24 (from 90.77). The MICEX Municipal Bond Index (MICEX MBI CP) was down 0.18% to 94.73 (from 94.9).

The total value traded on the Moscow Exchange's derivatives market in August was RUB 3.9 trln, or 99 mln contracts. The average daily value was RUB 185.7 bln, up 3.7% MoM. The total open interest at the end of the month was RUB 523 bln, or 15 mln contracts. Index derivatives made up 45.7% of the total trading volume (RUB 1.8 trln), securities derivatives constituted 6.7% (RUB 0.26 trln), FX derivatives made up 45.9% (RUB 1.8 trln), interest derivatives came to 0.1% (RUB 5.8 bln), and commodity derivatives were 1.5% (RUB 60 bln).

The most traded derivatives in August were the RTS Index futures contract (RTS), with a trading volume of RUB 1.8 trln (45.3% of the total), the USD/RUB FX futures contract (Si) at RUB 1.6 trln (42%), futures on Sberbank ords (SBR) at RUB 129.3 trln (3.3%), the EUR/USD FX futures contract (ED) at RUB 80.4 bln (2.1%), and futures on Gazprom ords (GAZ) at RUB 70 bln (1.8%). Other derivatives' turnovers totalled RUB 0.2 trln (5.5%).

The USD and EUR appreciated against the RUB in August. The USD with next day settlement firmed RUB 1.4 (3.9%) to RUB 36.94. The EUR with next day settlement strengthened RUB 1.08 (2.3%) to RUB 48.66 at the end of August.

The FX market's trading volume totaled RUB 17 trln* in August. The average daily trading volume was RUB 807.8 bln, down 8% MoM. Spot trading reached RUB 5 trln, or 29.8% of the total trading volume. Swap operations accounted for 70.2% of the total trading volume (RUB 11.9 trln).

USD/RUB transactions made up 78.2% of the total trading volume, with a total value of RUB 13.3 trln; EUR/RUB came to RUB 3.2 trln (19%); EUR/USD totalled RUB 0.4 trln (2.6%), and CNY/RUB were RUB 27 bln (0.2%).

*the additional session volume is considered

The money market trading volume was RUB 15.5 trln in August. The average daily trading volume was RUB 737.4 bln, down 7% MoM. Interdealer repo transactions totalled RUB 6.5 trln (41.8% of the total trading volume), while direct repo with the CBR came to RUB 7 trln (44.8%). Credit market volumes were RUB 1.2 trln (7.6%) (including CBR deposit operations of RUB 1,179 bln and CBR lombard auctions of RUB 0.02 bln), the Federal Treasury deposit operations totalled RUB 710 bln (4.6%) and the Pension Fund deposit operations came to RUB 175 bln (1.1%).

The commodities market trading volume was RUB 1.5 bln in August.