OREANDA-NEWS. September 28, 2010. For the week of September 20-24, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,488.67 points (1.67%) from 1,464.18 points as of September 17, 2010. At the end of the week the RTS Index was 6.57% higher than a month ago (1,396.86 points as of August 24, 2010) and 19.84% higher than a year ago (1,242.23 points as of September 24, 2009).

Over the week the US dollar lost 0.06% against the Russian ruble.

Out of 50 RTSI constituents 26 were pushing the Index upwards (plus 34,07 points overall), whereas 15 securities behaved negatively (down 9.58 points in total). The price for 9 securities remained unchanged.

The positive effect leaders were ordinary shares of OJSC “LUKOIL” (plus 14.05 points), Sberbank (plus 8.19 points) and OJSC "MMC "NORILSK NICKEL (plus 3.68 points).

The negative impact was mainly related to the falling prices for ordinary shares of Gazprom (down 4.35 points).

In the oil and gas sector 49.09% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (19.00%) and metals & mining (15.67%).

On the sector level the major positive contributors were the finance sector (plus 9.58 points in total) and the oil & gas sector (plus 8.23 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 418.97 billion rubles or 4.59 million contracts. Futures contracts on the RTS Index made up 65.99% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.67%, December contracts and March contracts went up by 1.77% and 1.48% respectively.

Last week RTSI linked futures were trading at the spot level. December contracts closed 1.52 points in backwardation, whereas for March contracts backwardation stood at 5.67 points.

For the week the total investor’s open interest measured in contracts increased by 13.43%.

The RTS Standard Index

For the week of September 20-24, 2010 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 1.17% to 9,755.44 points (9,642.62 points as of September 17, 2010). At the end of the week the RTS Standard Index was 6.23% higher than a month ago (9,183.63 points as of August 24, 2010) and 19.22% higher than a year ago (8,183.04 points as of September 24, 2009).

Out of 15 RTS Standard Index constituents 7 were pushing the Index upwards (plus 204.61 points overall), whereas 8 securities behaved negatively (down 91.78 points in total).

The positive effect leaders were ordinary shares of OJSC “LUKOIL” (plus 102.64 points) and Sberbank (plus 55.52 points).

The negative impact was mainly related to the falling prices for ordinary shares of Gazprom (down 46.77 points).

Out of the blue chips the top risers were ordinary shares of JSC "Severstal" that gained 9.055%, OJSC “LUKOIL” that went up by 5.80%, and preferred shares of Sberbank that added 3.37%.

The oil & gas sector accounted for 55.62% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (22.97%) and metallurgy (13.41%).

Second-tier stocks

For the week of September 20-24, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 1.56% to reach 1,894.34 points (1,865.30 points as of September 17, 2010). At the end of the week the RTS-2 Index was 9.47% higher than a month ago (1,730.46 points as of August 24, 2010), and 59.87% higher than a year ago (1,184.95 points as of September 24, 2009).

30 constituents out of 67 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 32.60 points overall), 13 instruments pulled the Index downwards (down 3.55 points). The price for 24 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of Bashkirenergo (plus 5.76 points), ordinary shares of JSC "IDGC Holding" (plus 4.52 points) and JSC "OGK-4" (plus 3.30 points).

The negative impact was mainly due to the falling prices for ordinary shares of OJSC "Magnit" (down 0.83 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (32.4%), followed by the consumer goods & trading sector (18.0%) and metals & mining sector (12.9%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 17.74 points in total) and metals & mining (plus 5.25 points in total).

RTS Siberia Index

For the week of September 20-24, 2010 stocks constituting the RTS Siberia Index were on the rise.

The RTS Siberia Index gained 0.86% to close at 846.58 points (839.40 points as of September 17, 2010). At the end of the week the RTS Siberia Index was 3.42% higher than a month ago (818.55 points as of August 24, 2010) and 32.86% higher than a year ago (637.18 points as of September 24, 2009).

Out of the 10 component stocks 5 were pushing the RTS Siberia Index up (plus 12.77 points). Three securities moved negatively (down 5.59). The price for 3 securities remained unchanged.

The positive effect leaders were ordinary shares of OJSC Raspadskaya (plus 5.78 points) and OJSC "MMC "NORILSK NICKEL (plus 2.99).

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC Gazprom Neft (down 3.35 points).

The power sector accounted for 37.9% of the RTS Siberia Index’ total capitalization. The other large-weight sectors were metallurgy (35.9%) and oil & gas (14.8%).

The RTS family of indices

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,488.67

1.67%

6.57%

6.11%

19.84%

RTS Standard Index

9,755.44

1.17%

6.23%

4.12%

19.22%

RTS-2 Index

1,894.34

1.56%

9.47%

13.08%

59.87%

RTS Oil & Gas Index

269.77

3.31%

6.90%

9.00%

36.16%

RTS Consumer & Retail Index

176.15

0.87%

5.44%

4.53%

2.87%

RTS Metals & Mining Index

329.84

0.11%

2.99%

15.96%

53.19%

RTS Industrial Index

174.08

-0.13%

23.70%

26.88%

36.99%

RTS Electric Utilities Index

223.07

-0.44%

11.69%

9.39%

43.35%

RTS Telecom Index

374.41

2.39%

10.61%

10.15%

18.74%

RTS Finances Index

256.03

0.98%

7.05%

3.67%

42.10%

RTS Siberia Index

846.58

0.86%

3.42%

0.40%

32.86%

For the week the RTS Index gained 1.67% to reach 1,488.67 points (1,464.18 points as of September 17, 2010), the RTS Standard Index (blue chips index) went up by 1.17% to end up at 9,755.44 points (9,642.62 points as of September 17, 2010).

Last week all the key economy sectors represented on the Russian stock market demonstrated positive dynamics. The largest growth was shown by the metallurgy section, with the RTS Metals & Mining Index going up by 3.31%. A significant increase was also demonstrated by the financial and power sectors, with the RTS Finances Index adding 2.39% and the RTS Electric Utilities Index gaining 0.98%. The decline was shown only by the telecommunication sector with the RTS Telecom Index fell 0.44%.

The regional RTS Siberia Index went up by 0.86%.

The US dollar depreciated by 0.06% against the Russian ruble to reach 31.00 rubles per US dollar (31.02 rubles as of September 17, 2010).