OREANDA-NEWS. On 21 August 2009 was announced, that for the week of August 10 ЎV August 14, 2009 the Russian stock market experienced a decline in prices.

The RTS Index (RTSI) went down to 1,059.92 points (1.8%) from 1,080.08 points as of August 7, 2009. By the end of the week the RTS Index was 22.31% higher than a month ago (866.55 points as of July 14, 2009) and 41.0% lower than a year ago (1,795.23 points as of August 14, 2008).

Over the week the US dollar gained 3.09% against the Russian rouble.

Out of 50 RTSI constituents 16 were pulling the Index downwards (minus 31.66 points overall), however, 21 securities behaved positively (plus 11.50 points overall). The price for 13 securities remained unchanged.

The negative effect leaders were Gazprom ordinary shares (minus 9.75 points), †п†б†п "LUKOIL" ordinary shares (minus 9.31 points) and ordinary shares of OJSC "OC "Rosneft" (minus 4.90 points).

Most of the positive impact was coming from the growing prices for ordinary shares of JSC "RusHydro" (plus 2.04 points).

Over 55% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were finance (17.13%) and metallurgy (11.43%).

On the sector level the major negative contributor was the oil & gas sector (minus 27.77 points overall). Significant positive contributors were the power sector (plus 2.20 points overall) and metals & mining sector (plus 1.77 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 206.8 billion roubles or 3.10 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 65.77% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 1.87%, both September contracts (RTS-09.09) and December contracts (RTS-12.09) went down by 2.51%.

Last week RTSI linked futures were trading below the spot. By the end of the reviewed period September and December contracts shifted into backwardation closing 13.28 points and 15.23 points respectively below the major stock market benchmark.

Throughout the week investorЎ¦s open interest was mainly concentrated on September contracts. Over the week the total open interest measured in contracts decreased by 0.96%.

Second-tier stocks

For the week of August 10 ЎV August 14, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index went up by 1.41% to 940.49 points (927.45 points as of August 7, 2009). At the end of the week the RTS-2 Index was 16.97% higher than a month ago (804.07 points as of July 14, 2009), and 54.34% lower than a year ago (2,059.64 points as of August 14, 2008).

19 constituents out of 72 stocks on the basis of which the RTS-2 Index is calculated were pushing the Index upwards (plus 21.24 points overall). However, 13 instruments behaved negatively (minus 8.40 points). The price for 40 securities remained unchanged.

Most of the positive impact was related to the growing prices for ordinary shares of OJSC "Magnit" (plus 6.64 points), JSC "Polymetal" (plus 6.44 points) and OJSC "Volga TGC" (plus 1.47 points).

The negative push was mainly related to ordinary shares of JSC "AVTOVAZ" (minus 1.78 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (23.6%), followed by the consumer goods & trading sector (16.6%) and the metals & mining sector (13.5%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: consumer goods & trading (plus 7.28 points in total) and metals & mining (plus 7.23 points overall).

The RTS family of indices

 

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Year

RTS Index

1,059.92

-1.87%

22.32%

13.71%

-40.96%

RTS-2 Index

940.49

1.41%

16.97%

30.30%

-54.34%

RTS ЎV Oil & Gas

148.82

-4.47%

19.11%

3.65%

-37.74%

RTS ЎV Consumer & Retail

167.68

2.83%

16.80%

14.03%

-41.76%

RTS ЎV Metals & Mining

173.54

1.62%

30.41%

22.12%

-42.45%

RTS ЎV Industrial

80.99

-2.70%

16.95%

19.14%

-74.77%

RTS ЎV Electric utilities

149.31

0.90%

18.26%

31.33%

-47.67%

RTS ЎV Telecom

122.52

0.42%

12.47%

9.92%

-48.05%

RTS - Financials

236.03

2.19%

23.40%

31.48%

-56.41%

Last week most economy sectors represented on the Russian stock market demonstrated positive dynamics.

The US dollar gained 3.09% against the Russian rouble to 32.15 roubles per US dollar.

The oil & gas sector experienced the largest decline. The RTS Index ЎV Oil & Gas went down by 4.47%. A significant decrease was also demonstrated by the power sector, with the corresponding index losing 2.20%.

The slightest growth was shown by the consumer & retail sector. The RTS Index ЎV Consumer & Retail gained 2.83%.