OREANDA-NEWS. December 04, 2009. For the week of November 23 ЎV November 27, 2009 the Russian stock market experienced a decrease of prices.

The RTS Index (RTSI) went down to 1,369.60 points (4.65%) from 1,436.44 points as of November 20, 2009. At the end of the week the RTS Index was 3.64% lower than a month ago (1,421.29 points as of October 27, 2009) and 103.16% higher than a year ago (674.14 points as of November 27, 2008).

Over the week the US dollar gained 0.45% against the Russian ruble.

Out of 50 RTSI constituents 34 were pulling the Index down (minus 68.83 points overall), 9 securities moved positively (plus 1.99 points overall). The price for 7 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (minus 14.87 points), Gazprom (minus 11.24 points) and †п†б†п "LUKOIL" (minus 7.73 points).

The positive impact was mainly coming from the growing prices for ordinary shares of Bashneft (plus 0.58 points).

Over 50% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were banks & finance (20.27%) and metals & mining (11.00%).

On the sector level the major negative contributors were the oil & gas sector (minus 30.27 points in total) followed by the banks & finance sector (minus 17.00 points overall) and the power sector (minus 8.07 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 351.3 billion rubles or 4.36 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 72.56% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 4.65%, December contracts (RTS-12.09) and March contracts (RTS-03.10) shed 4.29% and 4.30% respectively.

Last week RTSI linked futures were mainly trading below the spot. By the end of the reviewed period December contracts were 6.55 points in backwardation. For March contracts backwardation stood at 5.85 points.

For the week investorЎ¦s total open interest measured in contracts increased by 4.65%.

Second-tier stocks

For the week of November 23 ЎV November 27, 2009 the second tier stocks market demonstrated a negative trend.

Over the reviewed period the RTS-2 Index went down by 1.50% to reach 1,340.50 points (1,360.90 points as of November 20, 2009). At the end of the week the RTS-2 Index was 0.06% higher than a month ago (1,339.70 points as of October 27, 2009), and 143.40% higher than a year ago (550.74 points as of November 27, 2008).

34 constituents out of 71 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (minus 47.91 points overall), 16 instruments moved positively (plus 27.54 points). The price for 21 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "IDGC Holding" (minus 11.95 points), JSC "OGK-2" (minus 3.51 points) and OJSC "Uralsvyazinform" (minus 3.39 points).

The positive impact was mainly due to the growing prices for ordinary shares of JSC "INTER RAO UES" (plus 8.31 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.0%), followed by the consumer goods & trading sector (16.3%) and the telecom sector (12.7%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (minus 9.34 points in total) followed by telecom (minus 7.54 points overall) and banks & finance (minus 4.15 points in total).

The RTS family of indices

 

Last Value

Change over (Period), %

Index

Week

Month

Quarter

Year

RTS Index

1369,6

-4,65%

-3,64%

27,94%

103,16%

RTS-2 Index

1340,49

-1,50%

0,06%

40,09%

143,40%

RTS Oil & Gas Index

181,81

-3,95%

-5,26%

18,74%

71,84%

RTS Consumer & Retail Index

228,2

-1,90%

4,01%

28,35%

191,37%

RTS Metals & Mining Index

224,44

-4,12%

-1,69%

28,39%

180,55%

RTS Industrial Index

141,53

2,38%

0,69%

61,56%

110,17%

RTS Electric Utilities Index

205,85

-5,16%

0,03%

47,65%

102,05%

RTS Telecom Index

164,18

-5,15%

-6,81%

24,21%

107,48%

RTS Finances Index

349,25

-4,49%

-1,69%

45,37%

119,39%

Last week the key economy sectors represented on the Russian stock market demonstrated negative dynamics.

The US dollar appreciated by 0.45% against the Russian ruble to reach 28.88 rubles per US dollar (28.75 rubles as of November 20, 2009).

The largest decline was shown by the power sector. The RTS Electric Utilities Index lost 5.16%. The telecom sector also demonstrated a significant decrease, with the RTS Finances Index shedding 5.15%.

Growth was only reported by the industrial sector, with the RTS Industrial Index climbing 2.38%.