OREANDA-NEWS. July 06, 2010. For the week of June 21 ЎV June 25, 2010 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,387.66 points (1.55%) from 1,409.43 points as of June 18, 2010. At the end of the week the RTS Index was 13.13% higher than a month ago (1,226.57 points as of May 25, 2010) and 46.45% higher than a year ago (947.52 points as of June 25, 2009).

Over the week the US dollar lost 0.55% against the Russian ruble

Out of 50 RTSI constituents 22 were pulling the Index down (down 33.7 points overall), whereas 24 securities had a positive impact (plus 11.93 points in total). The price for 4 securities remained unchanged.

The negative effect leaders were ordinary shares of Gazprom (down 10.02 points) and Sberbank (down 6.03 points).

The positive impact was mainly related to the growing prices for ordinary shares of "LUKOIL" (plus 5.83 points) and OJSC "Polyus Gold" (plus 1.52 points).

Over 49% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (18.48%) and metallurgy (15.54%).

On the sector level the major negative contributors were the oil & gas sector (down 8.04 points in total) followed by the banks & finance sector (down 7.08 points overall).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 426.11 billion rubles or 4.84 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 75.76% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 1.54%, September contracts (RTS-09.10) and December contracts (12.10) shed 1.73% and 1.45% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 8.16 points in backwardation, while for December contracts backwardation stood at 3.26 points.

For the week investorЎ¦s open interest measured in contracts decreased by 2.91%.

The RTS Standard Index

For the week of June 21 ЎV June 25, 2010 the ruble RTS Standard Index demonstrated a negative trend.

The RTS Standard Index went down by 1.74% to 9,247.47 points (9,411.28 points as of June 18, 2010). At the end of the week the RTS Standard Index was 13.10% higher than a month ago (8,176.05 points as of May 25, 2010) and 41.93% higher than a year ago (6,515.54 points as of June 25, 2009).

Out of 15 constituents 10 had a negative impact on the RTS Standard Index (down 236.42 points overall). Five securities moved positively (plus 72.61 points).

The negative effect leaders were ordinary shares of Gazprom (down 77.93 points) and Sberbank (down 45.16 points). The positive impact was mainly due to the growing prices for ordinary shares of ИуИоИу "LUKOIL" (plus 52.01 points).

Out of the blue chips the top fallers were ordinary shares of JSC "RusHydro" that lost 9.39%, ordinary shares of OJSC "OC "Rosneft" that shed 5.37% and ordinary shares of OJSC "Polyus Gold" that went down by 6.06%.

The oil & gas sector accounted for 55.95% of the RTS Standard IndexЎ¦ total capitalization. The other large-weight sectors were finance (22.63%) and metallurgy (13.49%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

 

19.22%

15.64%

SBERS

Sberbank, ordinary

17.90%

14.57%

SBERPS

Sberbank, preferred

1.52%

1.24%

GAZPS

Gazprom, ordinary

17.26%

14.05%

GMKNS

NORILSK NICKEL, ordinary

9.72%

7.91%

ROSNS

Rosneft, ordinary

8.30%

6.75%

SNGSS

Surgutneftegaz, ordinary

6.82%

5.55%

SNGSPS

Surgutneftegaz, preferred

1.88%

1.53%

HYDRS

RusHydro, ordinary

3.46%

2.82%

VTBRS

VTB Bank, ordinary

3.21%

2.61%

TATNS

Polys Gold, ordinary

2.48%

2.01%

PLZLS

Tatneft, ordinary

2.46%

2.00%

URKAS

Uralkali, ordinary

2.30%

1.88%

FEESS

FGS UES, ordinary

2.16%

1.76%

CHMFS

Severstal, ordinary

1.31%

1.06%

Total

 

100.00%

81.38%

Second-tier stocks

For the week of June 21 ЎV June 25, 2010 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 0.80% to reach 1,659.81 points (1,673.18 points as of June 18, 2010). At the end of the week the RTS-2 Index was 6.37% higher than a month ago (1,560.41 points as of May 25, 2010), and 92.28% higher than a year ago (863.22 points as of June 25, 2009).

15 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 27.93 points overall), whereas 22 instruments were offsetting this effect (plus 14.56 points). The price for 32 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "IDGC Holding" (down 6.89 points), ordinary shares of OJSC "Magnit" (down 4.98 points) and ordinary shares of IDGC of Centre, JSC (down 4.44 points).

The positive impact was mainly due to the growing prices for ordinary shares of JSC CenterTelecom (plus 2.47 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (31.2%), followed by the consumer goods & trading sector (15.7%) and telecom sector (12.9%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 7.47 points in total) followed by consumer goods & trading (down 6.11 points overall) and industrial (down 1.59 points in total).

RTS Siberia Index

For the week of June 21 ЎV June 25, 2010 stocks constituting the RTS Siberia Index went south.

The RTS Siberia Index lost 2.18% to close at 833.78 points (852.33 points as of June 18, 2010). At the end of the week the RTS Siberia Index was 4.15% higher than a month ago (800.55 points as of May 25, 2010) and 62.46% higher than a year ago (513.21 points as of June 25, 2009).

Out of the 10 component stocks 5 pulled the RTS Siberia Index down (down 23.64 points), whereas 3 stocks had a positive impact on its dynamics (plus 5.09 points). The price for two securities remained unchanged.

The negative effect leaders were ordinary shares of JSC "RusHydro" (down 12.82 points) and JSC "WGC-3" (down 4.00 points).

The positive impact was mainly due to the growing prices for ordinary shares of JSC Gazprom Neft (plus 4.04 points).

The metals & mining sector accounted for 37.2% of the RTS Siberia IndexЎ¦ total capitalization. The other large-weight sectors were power (31.6%) and oil & gas (16.3%).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Week

RTS Index

1,387.66

-1.55%

13.13%

-8.41%

46.45%

RTS Standard Index

9,247.47

-1.74%

13.10%

-4.25%

41.93%

RTS-2 Index

1,659.81

-0.80%

6.37%

-5.64%

92.28%

RTS Oil & Gas Index

246.55

0.76%

3.04%

-9.95%

68.49%

RTS Consumer & Retail Index

167.67

-1.10%

14.14%

-7.63%

23.66%

RTS Metals & Mining Index

283.69

-1.54%

7.10%

-3.43%

84.86%

RTS Industrial Index

137.20

-2.61%

0.58%

-12.07%

74.62%

RTS Electric Utilities Index

205.49

3.97%

12.14%

-5.16%

82.38%

RTS Telecom Index

331.33

-2.01%

11.00%

-20.55%

55.72%

RTS Finances Index

241.00

-3.34%

7.44%

-6.88%

68.85%

RTS Siberia Index

833.78

-2.18%

4.15%

-10.31%

62.46%

For the week the RTS Index lost 1.55% to reach 1,387.66 points (1.409.43 points as of June 18, 2010), the RTS Standard Index (blue chips index) shed 1.74% to end up at 9,247.47 points (9,411.6 points as of June 18, 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 fell 3.34%. A significant decrease was also demonstrated by the industrial sector, with the RTS Industrial Index shedding 2.61%. The largest growth was seen in the telecom sector, with the RTS Telecom Index gaining 3.97%.

The regional RTS Siberia Index lost 2.18%.

The US dollar depreciated by 0.55% against the Russian ruble to reach 31.01 rubles per US dollar (31.19 rubles as of June 18, 2010).