OREANDA-NEWS. June 22, 2010. For the week of June 7 - June 11, 2010 the Russian stock market showed a sideways trend.

The RTS Index (RTSI) went down to 1,356.79 points (0.29%) from 1,360.7 points as of June 4, 2010. At the end of the week the RTS Index was 4.49% lower than a month ago (1,420.54 points as of May 11, 2010) and 20.36% higher than a year ago (1,127.23 points as of June 11, 2009).

Over the week the US dollar gained 2.2% against the Russian ruble.

Out of 50 RTSI constituents 25 were pulling the Index down (down 24.09 points overall), whereas 19 securities had a positive impact (plus 20.15 points in total). The price for 6 securities remained unchanged.

The negative effect leaders were ordinary shares of Gazprom (down 9.11 points) and OJSC "OC "Rosneft" (down 4.6 points).

The positive impact was mainly related to the growing prices for ordinary shares of †п†б†п "LUKOIL" (plus 6.55 points) and Sberbank (plus 3.70 points).

Over 50% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (16.59%) and metallurgy (16.29%).

On the sector level the major negative contributor was the power sector (down 3.65 points in total), while the major positive contributor was the finance sector (plus 2.95 points overall).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 511.34 billion rubles or 6.06 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 70.57% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

The RTS Standard Index

For the week of June 7 ЎV June 11, 2010 the ruble RTS Standard Index showed an uptrend.

The RTS Standard Index went up by 0.45% to 9,202.08 points (9,160.47 points as of June 4, 2010). At the end of the week the RTS Standard Index was 0.09% higher than a month ago (9,193.75 points as of May 11, 2010) and 17.84% higher than a year ago (7,809.13 points as of June 11, 2009).

Out of 15 constituents 9 had a positive impact on the RTS Standard Index (plus 172.86 points overall). Six securities moved negatively (down 131.26 point).

The positive effect leaders were ordinary shares of †п†б†п "LUKOIL" (plus 63.72 points) and Sberbank (plus 38.40 points).

The negative impact was due to the declining prices for ordinary shares of Gazprom (down 67.55 points).

Out of the blue chips the top risers were ordinary shares of Surgutneftegas that gained 4.96% and ordinary shares of Tatneft that added 4.87%.

The largest decline was demonstrated by ordinary shares of JSC "Severstal" that lost 6.09%.

The oil & gas sector accounted for 57.20% of the RTS Standard IndexЎ¦ total capitalization. The other large-weight sectors were finance (20.35%) and metallurgy (14.24%).

Ticker

Stock

Weight in the

RTS

Standard

Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

19.18%

15.56%

GAZPS

Gazprom, ordinary

16.90%

13.72%

SBERS

Sberbank, ordinary

15.76%

12.79%

SBERPS

Sberbanl, preferred

1.40%

1.14%

GMKNS

NORILSK NICKEL, ordinary

10.57%

8.58%

ROSNS

Rosneft, ordinary

9.45%

7.67%

SNGSS

Surgutneftegaz, ordinary

7.20%

5.84%

SNGSPS

Surgutneftegaz, preferred

1.93%

1.57%

HYDRS

RusHydro, ordinary

3.66%

2.97%

VTBRS

VTB Bank, ordinary

3.19%

2.59%

TATNS

Tatneft, ordinary

2.53%

2.06%

URKAS

Uralkali, ordinary

2.46%

2.00%

PLZLS

Polys Gold, ordinary

2.36%

1.92%

FEESS

FGS UES, ordinary

2.09%

1.69%

CHMFS

Total

Severstal, ordinary

1.30%

100.00%

1.06%

81.15%

Second-tier stocks

For the week of June 7 ЎV June 11, 2010 the second tier stocks market demonstrated a mixed trend.

Over the reviewed period the RTS-2 Index lost 0.64% to reach 1,648.16 points (1,658.79 points as of June 4, 2010). At the end of the week the RTS-2 Index was 2.37% lower than a month ago (1,688.2 points as of May 11, 2010), and 75.05% higher than a year ago (941.54 points as of June 11, 2009).

31 constituents out of 70 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 35.25 points overall), 10 instruments pushed the Index upwards (plus 24.62 points). The price for 29 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "IDGC Holding" (down 11.23 points), ordinary shares of OAO Raspadskaya (down 2.44 points) and ordinary shares of PIK Group (down 2.40 points).

The positive impact was mainly due to the growing prices for ordinary shares of JSC "Polymetal" (plus 10.3 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (27.8%), followed by the consumer goods & trading sector (16.6%) and telecom sector (14.8%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 17.11 points in total) followed by finance (down 3.71 points overall) and water transportation (down 2.05 points in total).

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,356.79

-0.29%

-4.49%

-9.79%

20.37%

RTS Standard Index

9,202.08

0.45%

0.09%

-4.37%

17.84%

RTS-2 Index

1,648.16

-0.64%

-2.37%

-1.89%

75.05%

RTS Oil & Gas Index

167.18

-0.11%

-4.18%

-7.53%

2.89%

RTS Consumer & Retail Index

279.73

-0.72%

-2.10%

1.25%

69.29%

RTS Metals & Mining Index

239.7

-1.94%

-7.64%

-10.47%

40.16%

RTS Industrial Index

140.87

1.96%

-6.51%

-8.76%

56.35%

RTS Electric Utilities Index

232.53

-3.28%

-6.31%

-5.34%

42.36%

RTS Telecom Index

195.71

-0.83%

-2.20%

-7.94%

50.99%

RTS Finances Index

322.88

-2.19%

-11.78%

-23.36%

33.22%

For the week the RTS Index lost 0.29% to reach 1,356.79 points (1.360.7 points as of June 4, 2010), whereas the RTS Standard Index (blue chips index) added 0.45% to end up at 9,202.08 points (9,160.47 points as of June 4, 2010).

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

The largest decline was shown by the power sector. The RTS Electric Utilities Index went down by 3.28%. A significant decrease was also demonstrated by the financial sector, with the RTS Finances Index shedding 2.19%. The largest growth was reported by the industrial sector, with the RTS Industrial Index gaining 1.96%.

The US dollar appreciated by 2.2% against the Russian ruble to reach 31.57 rubles per US dollar (30.89 rubles as of June 4, 2010).