OREANDA-NEWS. October 26, 2009. For the week of October 12 - October 16, 2009 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,408.68 points (2.67%) from 1,372.11 points as of October 9, 2009. At the end of the week the RTS Index was 12.98% higher than a month ago (1,246.81 points as of September 16, 2009) and 97.32% higher than a year ago (713.9 points as of October 16, 2008).

Over the week the US dollar lost 1.08% against the Russian ruble.

Out of 50 RTSI constituents 33 were pushing the Index upwards (plus 50.73 points overall), however, 11 securities behaved negatively (minus 14.16 points overall). The price for 6 securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 11.42 points), Surgutneftegas (plus 5.53 points) and OJSC Uralkali (plus 4.86 points).

The negative impact was mainly coming from the falling prices for ordinary shares of Sberbank (minus 9.24 points).

Over 50% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were finance (18.88%) and metallurgy (10.51%).

On the sector level the major positive contributors were the oil & gas sector (plus 29.07 points in total) followed by the metals & mining sector (plus 7.73 points overall) and the chemicals sector (plus 5.02 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 358.0 billion rubles or 4.3 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 71.91% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 2.67%, December contracts (RTS-12.09) and March contracts (RTS-03.10) went up by 0.69% and 1.21% respectively.

Last week RTSI linked futures were trading below the underlying asset. By the end of the reviewed period December contracts were 14.48 points in backwardation. For March contracts backwardation stood at 11.93 points.

For the week investor's open interest measured in contracts decreased by 17.57%.

Second-tier stocks

For the week of October 12 - October 16, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index went up by 3.45% to 1,312.68 points (1,268.94 points as of October 9, 2009). At the end of the week the RTS-2 Index was 14.55% higher than a month ago (1,145.95 points as of September 16, 2009), and 40.32% higher than a year ago (935.49 points as of October 16, 2008).

35 constituents out of 71 stocks on the basis of which the RTS-2 Index is calculated were pushing the Index upwards (plus 55.28 points overall). However, 15 instruments behaved negatively (minus 11.55 points). The price for 21 securities remained unchanged.

Most of the positive impact was related to the growing prices for ordinary shares of JSC "IDGC Holding" (plus 12.81 points), JSC "OGK-2" (plus 4.98 points) and JSC "OPIN" (plus 4.32 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.7%), followed by the consumer goods & trading sector (16.2%) and the telecom sector (13.4%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 31.44 points in total) followed by telecom (plus 7.02 points overall) and oil & gas (plus 4.76 points in total).

The RTS family of indices

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Week

RTS Index

1,408.68

2.67%

12.98%

55.96%

97.32%

RTS-2 Index

1,312.68

3.45%

14.55%

63.99%

40.32%

RTS  Oil & Gas

195.42

3.85%

12.93%

48.52%

92.31%

RTS Consumer & Retail

222.68

-0.13%

7.62%

56.88%

44.00%

RTS Metals & Mining

219.62

5.47%

15.30%

59.92%

119.36%

RTS Industrial

134.1

-2.99%

2.45%

92.59%

-11.70%

RTS Electric Utilities

205.4

4.42%

21.21%

61.54%

87.73%

RTS Telecom

166.37

4.18%

5.44%

49.44%

46.81%

RTS - Financials

351.7

0.32%

14.22%

81.64%

79.54%

Last week most of the key economy sectors represented on the Russian stock market demonstrated positive dynamics.

The US dollar depreciated by 1.08% against the Russian ruble to reach 29.32 rubles per US dollar (29.64 rubles as of October 9, 2009).

The largest growth was shown by the metals & mining sector. The RTS Index Metals & Mining gained 5.47%. The power sector also demonstrated a significant increase, with the RTS Index Electric Utilities adding 4.42%.

The largest decline was reported by the industrial sector, with the corresponding index going down by 2.99%.