OREANDA-NEWS. In April 2014, Moscow Exchange's indices reflected the negative trend on the Russian stock market. The MICEX Index was down 4.62% to 1,306.01 (from 1,369.29 on 31 March, 2014), while the dollar-denominated RTS Index fell 5.74% to 1,155.70 (from 1,226.10).

The dollar appreciated 0.03% against the rouble.

Volatility increased, with the Russian Volatility Index rising 14.52% to 39.84 (from 34.79).

Most key sectors made losses. The largest downturn was in Electric Utilities, the sector index of which fell 6.72%. Telecommunication and Financials climbed down a respective 5.60% and 5.26%. The largest gain in Chemicals is 3.15%

The Blue Chip Index decreased 5.14% to 8,790.54 (from 9,267.08).

The Second Tier Index depreciated 1.06%

to 2,920.74 (from 2,951.96). The Broad Market Index lost 4.68% to 924.24 (from 969.60).

MICEX & RTS Indices: Moscow Exchange's main indices

In April 2014, Moscow Exchange's indices reflected the negative trend on the Russian stock market. The MICEX Index was down 4.62% to 1,306.01 (from 1,369.29 on 31 March, 2014), while the dollar-denominated RTS Index fell 5.74% to 1,155.70 (from 1,226.10).

The MICEX Index on 30 April was down 5.76% YoY (from 1,385.88). The RTS Index was down 17.87% YoY (from 1,407.21).

The RTS Index's decrease last month was accompanied by an increase in volatility, with the Russian Volatility Index (RTSVX) up 14.52%.

The turnover of securities included in Moscow Exchange's indices was RUB 812.19 bin, and their market cap totalled RUB 18,813.88 bln.

Of the 50 MICEX Index constituents, 29 constituents of the MICEX Index list pulled the index down (falling a total 5.63%), while 21 incurred gains (totaling 1.01%).

On the sector level, the major negative impact was from financials (down 1.94%) and oil and gas (falling 1.64%).

The largest negative impact on the MICEX Index was from prices falling for ords of Sberbank (down 1.75%), OJSC “Magnit” (off 0.79%) and JSC "GAZPROM" (down 0.76%). The largest positive impact was from price gains by ords of “OJSC “MMC “NORILSK NICKEL” (up 0.41%) and Sistema JSFC (up 0.08%).

The largest negative impact on the RTS Index was from prices falling for ords of Sberbank (down 1.84%), JSC "GAZPROM" (off 0.94%) and OJSC “Magnit” (down 0.86%). The largest positive impact was from price gains by ords of “OJSC “MMC “NORILSK NICKEL” (up 0.36%) and RDR of Rusal (up 0.07%).

Oil & gas accounted for 51.51% of the MICEX

Index's total capitalization. The other heavily weighted

sectors were financials (19.13%) and metals and mining (10.04%).

Blue Chip Index

The Blue Chip Index fell in April.

It was down 5.14% MoM to 8,790.54 (from 9,267.08), and down 6.41% YoY (from 9,392.15).

Of the seventeen securities included in the Index list, thirteen were pulling the Blue Chip Index down at the end of the month (falling a total 5.84%), while four made gains (totaling 0.70%).

The largest negative impact on the index was from prices falling for ords of Sberbank (down 2.04%) and OJSC “Magnit” (off 0.92%).

The largest positive impact was from price gains by ords of “OJSC “MMC “NORILSK NICKEL” (up 0.48%) and Sistema JSFC (up 0.09%).

The oil & gas sector accounted for 57.68% of the Blue Chip Index's total capitalization. The other large weight sectors were financials (21.32%) and consumer goods and retail (6.62%).

Broad Market and Second- Tier Indices

The Second Tier Index fell 1.06% during the month to 2,920.74 (from 2,951.96). The Broad Market Index fell 4.68% MoM to 924.24 (from 969.60).

The Second Tier Index was down 3.93% YoY (from 3,040.13). The Broad Market Index was down 5.89% YoY (from 982.10).

Of the fifty securities included in the Second Tier Index list, twenty eight were pulling the index down (with losses totaling 4.04%), while twenty one made gains (totaling 2.98%). The price of one constituent stock remained unchanged.

The largest negative impact on the Second Tier Index was from losses by ords of JSC “Quadra - Power Generation” (down 0.40%) and V.Bank (off 0.33%).

The heaviest negative impact on the Broad Market Index was from ords of Sberbank (down 1.79%) and OJSC “Magnit (off 0.80%).

The largest negative impact on the Second Tier Index was from electric utilities (down 0.98%) and industrials (off 0.38%).

Electric utilities accounted for 35.82% of the Second Tier Index's total capitalization. The other heavily weighted sectors were chemicals (21.23%) and industrials (10.35%).

Debt Market

Aggregate bond index RUABITR (total return), comprised of Government, Corporate and Municipal bonds traded on Moscow Exchange was down 1.02%.

Russian Government Bond Index RGBITR was down 1.33% to 310.69 points. The YTM of securities included in the index was 7.67%. The highest growth among government bond indices segmented by duration showed RUGBITR1Y that includes government bonds with duration less than 1 year. It grew up by 0.19%.

Municipal bond index MICEXMBITR was down 0.44% in march and equaled 179.2 points. The highest growth among municipal bond indices segmented by duration and credit quality showed RUMBITR1Y that includes bonds with duration less than 1 year. It grew up by 0.54% in April. The highest fall among municipal bond showed RUMBITRBBB3+. It was down 1.91%.

Debt Market

The MICEX Corporate Bond Index MICEXCBITR total return value was up 0.09% to 244.25 points. The YTM of securities included in the calculation formula was 8.47%.

High credit quality corporate bond index RUCBITRBBB was up 0.28%. "BB segment* bond index RUCBITRBB was down 0.26%. "B segment* bond index RUCBITRB was up 0.36%. The highest growth among corporate bond indices showed RUCBITR1Y that includes bonds with duration less than 1 year. It grew up by 0.75%.

The RUCBITRBBB3+ index that includes corporate bonds with credit quality more than BBB- and duration over 3 years was down 1.91%.