RTS Released Index Monthly Wrap Up
OREANDA-NEWS. March 5,
For the last month the RTS Index went down by 4.27% to 1410.85 points (1473.81 points on 291 January 2010). Besides, by the end of February RTSI was 159.07% higher compared to its closing level one year ago (544.58 points on 27 February 2009). The U.S. Dollar lost 1.07% against the Ruble in February.
In February 2010 21 stocks, out of RTSI’s total 50 constituents, were pulling the Index downwards (minus 77.19 index points), 28 securities moved positively (plus 14.21 points), the price for 1 security remained unchanged.
The most negative impact was coming from the price decline of ordinary shares of JSC “Sberbank Rossii” (minus 30.76 points), JSC “Gazprom” (minus 19.55 points), JSC “LUKOIL” (minus 10.45 points).
Most of the positive impact was due to the growing prices for ordinary shares JSC “Mechel” (plus 1.91 points).
49.0% of the RTSI total capitalization concentrated in the Oil & Gas Sector. The other large-weight sectors were Finance (19.1%) and Metallurgy (16.2%).
In February the major negative contributors were the securities of the Oil & Gas Sector (minus 35.35 points), the Banks & Finance Sector (minus 33.07 points).
RTSI Futures Contract
Trading in RTSI-linked derivatives amounted to RUR 1475.6 billion or 17.2 million contracts in February 2010. Futures based on RTSI remained the most liquid derivative contracts making up 75.39% of the total FORTS (Futures and Options on the RTS) turnover in cash terms.
With RTSI losing 4.27%, the March contracts (RTS-03.10) fell in price by 5.03% and the June contracts (RTS-06.10) went down by 5.27 %.
RTSI-based futures were trading above the spot price during the month. By the end of the month, the March contracts were 4.3 points in backwardation, and the June contracts were lower than the main indicator by 8.95 points.
Investor’s open interest in the RTSI-based futures measured in contracts increased by 11.96% compared to the end of January.
The RTS Standard Index
In February 2010 the RTS Standard Index demonstrated negative dynamics
The RTS Standard Index went down by 6.85% to 9154.18 points (9827.37 points on 29 January 2010). By the end of the month the RTS Standard Index was 109.26% higher compared to its closing level one year ago (4374.56 points on 27 February 2009).
In February 2010 13 stocks, out of the RTS Standard Index total 15 constituents, had negative impact on its dynamics (minus 680.65 index points), 2 securities moved positively (plus 7.46 points).
The most negative impact was coming from the price decline of ordinary shares of JSC “Sberbank Rossii” (minus 266.01 points), JSC “Gazprom” (minus 175.10 points), JSC “LUKOIL” (minus 100.78 points).
Most of the positive impact was related to the growing prices for preferred shares of JSC “Surgutneftegaz” (plus 6.62 points).
The largest falling prices was shown by the ordinary shares of JSC “Sberbank Rossii”, the price decline made up 13.79%, JSC “FSK EES” – 11.22%, and by the preferred shares of JSC “Sberbank Rossii” – 10.56%
The largest growth was demonstrated by the preferred shares of JSC “Surgutneftegaz”, its shares went up 3.24%
55.20% of the RTSI total capitalization concentrated in the Oil & Gas Sector. The other large-weight sectors were Finance (23.27%) and Metallurgy (13.86%).
|
Ticker |
Stock |
Weight in the RTS Standard Index, % |
Weight in the RTS Index, % |
|
SBERS |
Sberbank, ordinary |
18,17% |
14,84% |
|
SBERPS |
Sberbank, privileged |
1,80% |
1,47% |
|
GAZPS |
Gazprom |
17,36% |
14,17% |
|
LKOHS |
LUKOIL |
16,20% |
13,23% |
|
ROSNS |
Rosneft |
10,48% |
8,56% |
|
GMKNS |
|
10,00% |
8,17% |
|
SNGSS |
Surgutneftegas, ordinary |
6,22% |
5,08% |
|
SNGSPS |
Surgutneftegas, privileged |
2,30% |
1,88% |
|
VTBRS |
VTB Bank |
3,30% |
2,69% |
|
HYDRS |
RusHydro |
2,95% |
2,41% |
|
URKAS |
Uralkali |
2,72% |
2,22% |
|
TATNS |
Tatneft |
2,63% |
2,15% |
|
PLZLS |
Polyus Gold |
2,38% |
1,95% |
|
FEESS |
FGC UES |
1,99% |
1,63% |
|
CHMFS |
Severstal |
1,48% |
1,21% |
|
Total |
|
100,00% |
81,65% |
Second-tier Stocks
In February 2010 the second-tier shares demonstrated positive price dynamics.
The RTS-2 Index for the past month grew by 4.51% to 1572.03 (1504.12 on 29 January 2010). As of the end of February RTS-2 was 256.58% higher compared to its closing level one year ago (440.86 points on 27 February 2009).
Out of 70 constituent stocks on the RTS-2 Index, 39 had positive impact on its dynamics (plus 90.27 index points), 19 had negative impact (minus 22.35 points). The price of 12 stocks remained unchanged.
Most of the positive impact on the RTS-2 Index was coming from growing prices of ordinary shares of JSC “VSMPO-AVISMA Corporation” (plus 9.06 points), JSC “Holding MRSK” (plus 7.86), and JSC “Polymetall” (plus 7.10).
Most of the negative impact on the RTS-2 Index was coming from declining prices of ordinary shares of JSC “INTER RAO EES” (minus 5.13 points).
In terms of weight in RTS-2 Index, the largest were the following Sectors: the Power Sector (26.8%), the Telecommunications Sector (16.1%). the Consumer Goods & Trading Sector (15.3%).
The largest contribution to the growing RTS-
The RTS Family of Indices
The majority of the sectors represented on the Russian stock market demonstrated multidirectional dynamics.
In February the U.S. Dollar lost 1.07% against the Russian Ruble – to RUR30.04/\\$ (30.36 on 29 January 2010).
The Industrial Sector experienced the largest growth: the RTSI – Industrials went up by 9.76%. A significant increase was demonstrated by the Telecommunications Sector, with the RTSI – Telecommunications gaining 6.70%.
The largest decline was reported by the Oil & Gas Sector. The RTSI – Oil & Gas decreased by 4.48%.
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