OREANDA-NEWS. On 28 August 2009 was announced, that for the week of August 17 - August 21, 2009 the Russian stock market experienced a decline in prices.

The RTS Index (RTSI) went down to 1,050.44 points (0.89%) from 1,059.92 points as of August 14, 2009. By the end of the week the RTS Index was 6.35% higher than a month ago (987.69 points as of July 21, 2009) and 39.01% lower than a year ago (1,722.41 points as of August 21, 2008).

Over the week the US dollar lost 1.69% against the Russian rouble.

Out of 50 RTSI constituents 20 were pulling the Index downwards (minus 16.24 points overall), however, 14 securities behaved positively (plus 6.76 points overall). The price for 16 securities remained unchanged.

The negative effect leaders were ordinary shares of JSC "RusHydro" (minus 5.24 points), ordinary shares of OJSC "OC "Rosneft" (minus 1.84 points) and ordinary shares of OJSC Uralkali (minus 1.73 points).

Most of the positive impact was coming from the growing prices for †п†б†п "LUKOIL" ordinary shares (plus 1.71 points), Surgutneftegas privileged shares (plus 1.56 points) and Sberbank ordinary shares (plus 1.50 points).

Over 50% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were finance (17.45%) and metallurgy (11.35%).

On the sector level the major negative contributors were the power sector (minus 6.80 points overall), chemicals sector (minus 1.90 points overall) and metals & mining sector (minus 1.89 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 165.5 billion roubles or 2.6 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 61.23% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.89%, both September contracts (RTS-09.09) and December contracts (RTS-12.09) went down by 0.34% and 0.15% respectively.

Last week RTSI linked futures were trading below the spot. By the end of the reviewed period September contracts were 3.42 points in backwardation. For December contracts backwardation also stood at 3.42 points.

Throughout the week investorЎ¦s open interest measured in contracts increased by 5.32%.

Second-tier stocks

For the week of August 17 ЎV August 21, 2009 the second tier stocks market demonstrated a negative trend.

Over the reviewed period the RTS-2 Index went down by 1.45% to 926.86 points (940.49 points as of August 14, 2009). At the end of the week the RTS-2 Index was 10.01% higher than a month ago (842.53 points as of July 21, 2009), and 53.52% lower than a year ago (1,994.0 points as of August 21, 2008).

21 constituents out of 72 stocks on the basis of which the RTS-2 Index is calculated were pulling the Index downwards (minus 26.15 points overall). However, 16 instruments were offsetting the negative impact (plus 12.53 points). The price for 35 securities remained unchanged.

Most of the negative impact was related to the falling prices for ordinary shares of PJSC "NCSP" (minus 9.45 points), JSC "IDGC Holding" (minus 3.36 points) and JSC "Polymetal" (minus 3.22 points).

The positive push was mainly related to ordinary shares of JSC Irkutskenergo (plus 2.53 points), OJSC "Magnit" (plus 1.70 points) and JSC "OGK-4" (plus 1.55 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (23.7%), followed by the consumer goods & trading sector (17.0%) and the metals & mining sector (13.3%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: water transportation (minus 10.9 points in total) followed by metals & mining (minus 4.4 points overall) and power (minus 1.8 points in total).

The RTS family of indices

 

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Year

RTS Index

1,050.44

-0.89%

6.35%

4.90%

-39.01%

RTS-2 Index

926.86

-1.45%

10.01%

18.49%

-53.52%

RTS ЎV Oil & Gas

148.92

0.07%

2.71%

-0.30%

-34.53%

RTS ЎV Consumer & Retail

169.01

0.79%

13.52%

9.27%

-40.76%

RTS ЎV Metals & Mining

170.83

-1.56%

12.85%

14.45%

-41.60%

RTS ЎV Industrial

83.29

2.84%

18.21%

18.46%

-73.55%

RTS ЎV Electric Utilities

141.48

-5.24%

6.71%

13.11%

-49.31%

RTS ЎV Telecom

124.07

1.27%

5.13%

4.73%

-46.36%

RTS ЎV Financials

234.68

-0.57%

13.76%

12.39%

-55.41%

Last week most economy sectors represented on the Russian stock market demonstrated negative dynamics.The US dollar lost 1.69% against the Russian rouble to 31.60 roubles per US dollar (32.15 roubles as of August 14, 2009). The power sector experienced the largest decline. The RTS Index ЎV Electric Utilities went down by 5.24%. A significant decrease was also demonstrated by the metals & mining sector, with the corresponding index losing 1.56%. The largest growth was shown by the industrial sector. The RTS Index ЎV Industrial gained 2.84%.