OREANDA-NEWS. January 29, 2010. For the week of January 18 - January 22, 2010 the Russian stock market experienced a decline in prices.

The RTS Index (RTSI) went down to 1,489.46 points (4.48%) from 1,559.25 points as of January 15, 2010. At the end of the week the RTS Index was 5.10% higher than a month ago (1,417.22 points as of December 22, 2009) and 188.93% higher than a year ago (515.51 points as of January 22, 2009).

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

Out of 50 RTSI constituents 40 were pulling the Index down (minus 72.32 points overall), at the same time 8 securities behaved positively (plus 2.54 points in total). The price for 2 securities remained unchanged.

The negative effect leaders were ordinary shares of OJSC "OC "Rosneft" (minus 11.74 points), Gazprom (minus 10.34 points) and †п†б†п "LUKOIL" (minus 8.83 points).

The positive impact was mainly related to the growing prices for ordinary shares of JSC "NOVATEK" (plus 1.26 points).

Over 49.67% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (20.02%) and metallurgy (15.55%).

On the sector level the major negative contributors were the oil & gas sector (minus 36.86 points in total) followed by the banks & finance sector (minus 11.16 points overall) and the metals & mining sector (minus 10.78 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 382.3 billion rubles or 4.15 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 77.32% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 4.48%, March contracts (RTS-03.10) and June contracts (06.10) shed 3.58% and 3.74% respectively.

During the reviewed period RTSI linked futures were mainly trading above the spot. By the end of the week March contracts were 9.89 points in contango, while for June contracts contango stood at 2.54 points.

For the week investorЎ¦s open interest measured in contracts grew by 4.53%.

The RTS Standard Index

For the week of January 18-22, 2010, the ruble-denominated RTS Standard Index showed a negative trend.

The RTS Standard Index went down by 3.57% to reach 9,776.53 points (10,138.20 points as of January 15, 2010). At the end of the week the RTS Standard Index was 2.60% higher than a month ago (9,529.11 as of December 22, 2009) and 158.36% higher than a year ago (3,784.08 as of January 22, 2009).

During the week all the constituent stocks were pulling the index down (minus 361.67 points).

Most of the negative impact was coming form the decreasing prices for ordinary shares of OJSC "OC "Rosneft" (minus 80.49 points), Gazprom (minus 61.84 points) and †п†б†п "LUKOIL" (minus 51.57 points).

The largest decline among the blue chip stocks was demonstrated by ordinary shares of JSC "Severstal" that lost 11.93% followed by ordinary shares of OJSC "OC "Rosneft" that shed 7.23% and privileged shares of Sberbank that fell by 6.51%.

The oil & gas sector accounted for 55.17% of the total capitalization of the RTS Standard Index. Other large-weight sectors were finance (24.07%) and metallurgy (13.39%).

Ticker

Stock

Sberbank, ordinary

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

SBERS

 

19.31%

15.99%

SBERPS

Sberbank, privileged

 

1.76%

1.46%

GAZPS

Gazprom

 

17.57%

14.55%

LKOHS

LUKOIL

 

16.14%

13.36%

ROSNS

Rosneft

 

10.57%

8.75%

GMKNS

NORILSK NICKEL

 

9.81%

8.12%

SNGSS

Surgutneftegas, ordinary

 

6.33%

5.24%

SNGSPS

Surgutneftegas, privileged

 

2.16%

1.78%

VTBRS

VTB Bank

 

3.00%

2.48%

URKAS

Uralkali

 

2.72%

2.26%

HYDRS

RusHydro

 

2.66%

2.20%

TATNS

Tatneft

 

2.41%

1.99%

PLZLS

Polyus Gold

 

2.33%

1.93%

FEESS

FGC UES

 

1.99%

1.65%

CHMFS

Severstal

 

1.25%

1.04%

Total

 

 

100.00%

82.81%

Second-tier stocks

For the week of January 18 - January 22, 2010 the second tier stocks market went south.

Over the reviewed period the RTS-2 Index lost 2.78% to reach 1,496.99 points (1,535.79 points as of January 15, 2010). At the end of the week the RTS-2 Index was 5.90% higher than a month ago (1,413.64 points as of December 22, 2009), and 217.57% higher than a year ago (471.39 points as of January 22, 2009).

27 constituents out of 70 stocks on the basis of which the RTS-2 Index is calculated had a negative influence on the RTS-2 Index (minus 64.41 points overall), 19 instruments were offsetting this negative impact (plus 21.61 points). The price for 24 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of PJSC "NCSP" (minus 13.97 points), JSC "INTER RAO UES" (minus 11.36 points) and JSC "IDGC Holding (minus 9.92 points).

The positive impact was mainly due to the rising prices for ordinary shares of "Company "M.video" (plus 4.35 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (26.7%), followed by the consumer goods & trading sector (16.3%) and the telecom sector (15.1%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (minus 21.80 points in total) followed by water transportation (minus 13.70 points overall) and telecom (minus 5.89 points in total).

The RTS family of indices

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,489.46

-4.48%

5.10%

2.84%

188.93%

RTS Standard Index

9,776.53

-3.57%

2.60%

3.77%

158.36%

RTS-2 Index

1,496.99

-2.78%

5.90%

12.81%

217.57%

RTS Oil & Gas Index

186.22

-4.77%

2.49%

-5.76%

122.22%

RTS Consumer & Retail Index

253.57

1.48%

4.32%

13.65%

283.15%

RTS Metals & Mining Index

251.1

-5.30%

10.64%

9.26%

250.31%

RTS Industrial Index

138.03

-2.60%

2.36%

0.83%

173.16%

RTS Electric Utilities Index

216.89

-4.55%

4.61%

5.73%

231.43%

RTS Telecom Index

193.9

-2.13%

6.67%

10.85%

152.67%

RTS Finances Index

397.07

-1.30%

8.41%

10.59%

218.91%

The RTS Index went down by 4.48% to 1,489.46 points compared to 1,559.25 points as of January 15, 2010. The RTS Standard Index (blue chips index) retreated 3.57% to 9,776.53 points compared to 10,138.20 as of January 15, 2010.

Last week almost all the key economy sectors represented on the Russian stock market closed in red territory.

The US dollar appreciated by 1.08% against the Russian ruble to reach 29.75 rubles per US dollar (29.43 rubles as of January 15, 2009).

The largest decline was shown by the metals & mining sector. The RTS Metals & Mining Index lost 5.30%. A significant decrease was also demonstrated by the oil & gas and power sectors, with the RTS Oil & Gas Index and RTS Electric Utilities Index shedding 4.77% and 4.55% respectively. The only gain was posted by the consumer & retail sector, with the RTS Consumer & Retail Index adding 1.48%.