OREANDA-NEWS. Moscow Exchange's indices reflected the positive trend on the Russian stock market in the week to 1 November. The MICEX Index was up 0.71% to 1,515.15 (from 1,504.48 on 25 October), while the dollar-denominated RTS Index lost 1.14% to 1,475.18 (from 1,492.20).

The dollar appreciated 1.31% against the rouble.

Volatility increased, with the Russian Volatility Index rising 0.64% to 20.54 (from 20.41).

Most key sectors made gains. The largest upturn was in Consumer goods & Retail, the sector index of which rose 2.01%. Financials and Chemicals climbed a respective 1.27% and 0.94%. The most lost in Industrials is 2.88%.

The MICEX Innovation Index rose 2.02% to 403.12 (from 395.12).

The Blue Chip Index increased 0.95% to 10,327.14 (from 10,229.69).

The Second Tier Index appreciated 0.15% to 3,027.26 (from 3,022.84). The Broad Market Index gained 0.70% to 1,071.13 (from 1,063.64).

MICEX & RTS Indices: Moscow Exchange's main indices

Moscow Exchange's indices reflected the positive trend on the Russian stock market in the week to 1 November. The MICEX Index was up 0.71% to 1,515.15 (from 1,504.48 on 25 October), while the dollar-denominated RTS Index lost 1.14% to 1,475.18 (from 1,492.20).

The MICEX Index on 1 November was up 2.95% MoM (from 1,471.73) and up 5.89% YoY (from 1,430.91). The RTS Index was up 2.58% MoM (from 1,438.04) and up 2.19% YoY (from 1,443.50).

The RTS Index's decrease last week was accompanied by an increase in volatility, with the Russian Volatility Index (RTSVX) up 0.64%.

The MICEX Index's rise was due mainly to price increases in ordinary shares of Magnit (up 0.30%), VTB Bank (up 0.15%), and LUKOIL (up 0.12%).

The turnover of securities included in Moscow Exchange's indices was RUB 154.61 bln, and their market cap totalled RUB 21,542.04 bln.

Of the MICEX Index constituents, 26 pulled the index up (rising a total 1.15%), while 24 incurred losses (totalling 0.44%).

On the sector level, the major positive impact was from financials (rising 0.32%) and consumer goods and retail (up 0.29%).

Oil & gas accounted for 49.53% of the MICEX Index's total capitalization. The other heavily weighted sectors were financials (at 21.20%) and telecoms (at 8.52%).

Blue Chip Index

The Blue Chip Index rose in the week to 1 November.

It was up 0.95% WoW to 10,327.14 (from 10,229.69), up 3.46% MoM (from 9,982.14), and up 4.87% YoY (from 9,847.16).

Of the 17 securities included in the Index list, 13 were pulling the Blue Chip Index up at the end of the week (rising a total 1.13%), while 4 made losses (totalling 0.18%).

The largest positive impact on the index was from prices rising for ords of Magnit (up 0.34%) and VTB Bank (up 0.18%).

The largest negative impact was from price losses by ords of Norilsk Nickel (down 0.11%) and Uralkali (off 0.06%).

The oil & gas sector accounted for 55.31% of the Blue Chip Index's total capitalization. The other large weight sectors were financials (21.76%) and telecoms (7.78%).

Broad Market and Second Tier Indices

The Second Tier Index gained 0.15% during the week to 3,027.26 (from 3,022.84). The Broad Market Index rose 0.70% WoW to 1 071.13 (from 1,063.64).

The Second Tier Index was up 0.19% MoM (from 3,021.64) and down 7.11% YoY (from 3,259.11).

The Broad Market Index was up 2.91% MoM (from 1,040.89) and up 5.35% YoY (from 1,016.70).

Of the 50 securities included in the Second Tier Index, 22 were pulling the index up (with gains totalling 1.45%), while 27 made losses (totalling 1.30%). One stock's price remained flat.

The largest positive impact on the Second Tier Index was from gains by Cherkizovo Group (up 0.38%) and Synergy (up 0.26%).

The heaviest positive impact on the Broad Market Index was from ords of Magnit (up 0.30%) and VTB Bank (up 0.15%).

The largest positive impact on the Second Tier Index was from consumer goods and retail (rising 0.26%) and chemicals (up 0.15%).

Utilities accounted for 29.74% of the Second Tier Index's total capitalization. The other heavily weighted sectors were consumer goods & retail (17.57%) and oil and gas (11.41%).

Debt Market

The Russian Government Bond Index RGBITR (total return) was up 0.09% to 326.39 last week (from 326.11 points on 25 October). The YTM of securities included in the calculation formula was down 5 bps to 7.00%.

The Municipal Bond Index (MICEXMBITR, total return) was up 0.13% WoW to 177.62 points (from 177.39).

The MICEX Corporate Bond Index's MICEXCBITR total return value was up 0.15% to 241.12 points.

A conservative investment strategy tracking last week's pension index could have resulted in a 0.15% WoW gain. An aggressive strategy based on the pension index could have incurred a 0.85% WoW profit.

The bond overnight repo rate was up 7 bps (from 6.18% to 6.25%). The equity overnight repo rate was 6.23%.

Index Derivatives

The total trading volume in index futures and options on Moscow Exchange's Derivatives Market in the week to 1 November was RUB 436.95 bln, or 4.58 mln contracts.

Last week's trading volume in RTS Index futures, which is the most liquid contract on FORTS, was RUB 372.59 bln, or 3.91 mln contracts.

The RTS Index futures contract traded in backwardation last week. The RTS Index lost 1.14% WoW, while the December and March futures were down a respective 0.92% and 0.76%.

Open interest in RTS Index futures decreased 8.10%.

Turnover in MICEX Index futures was RUB 2.59 bln, or 17,019 contracts. Open interest in MICEX Index futures increased 0.54%.

The trading volume in options on RTS Index futures totalled RUB 61.75 bln, or 655,287 contracts contracts. Open interest was RUB 185.66 bln, or 2.04 bln contracts. Puts made up 69.78% of the total open interest. The 155,000 strike calls and 135,000 strike puts had the highest open interest.

The open interest in options on RTS index futures rose 7.10%.