OREANDA-NEWS. November 06, 2009. In October 2009 the Russian stock market experienced an increase of prices for the majority of its liquid securities.

The RTS Index grew 7.49% to 1348.54 points (1254.52 points on 30 September). By the end of October RTSI was 74.37% higher compared to its closing level one year ago (773.37 points on 31 October 2008). The U.S. Dollar depreciated by 2.49% against the Ruble in October.

Out of RTSIЎ¦s total 50 constituents, 39 had a positive impact on the IndexЎ¦s dynamics (plus 98.00 index points), 9 securities moved negatively (minus 3.99 points), and 2 securities did not change in price.

The positive impact was coming mostly from the prices of common shares of JSC Ў§Sberbank RossiiЎЁ (plus 23.83 points), JSC Ў§LUKOILЎЁ (plus 14.76 points) and JSC Ў§UralkaliЎЁ (plus 10.89 points).

The negative impact was insignificant. The negative effect leaders came from common shares of JSC Ў§FSK EESЎЁ (minus 2.08 points).

More than 50% of the RTSI total capitalization was concentrated in the Oil & Gas sector. The other large-weight sectors were Financials (19.8%) and Metallurgy (10.7%).

The securities of Oil & Gas (plus 37.07 points), Financials (plus 30.02 points), and Chemicals (plus 12.13 points) mostly contributed to the growth of RTSI in October.

RTSI Futures Contract

Trading in RTSI-linked derivatives amounted to RUR 1511.7 billion or 18.7 million contracts in October 2009. Futures based on RTSI remained the most liquid derivative contracts making up 73.55% of the total FORTS (Futures and Options on the RTS) turnover in cash terms.

With RTSI growing by 7.49% in October 2009, the December contracts (RTS-12.09) went up by 6.35% and the March contracts (RTS-03.10) increased by 8.07%.

RTSI-based futures traded below the spot price during the month. By the performance date, the December futures contracts fell 34.49 points behind the underlying asset. The March contracts were 18.49 points in backwardation.

InvestorЎ¦s open interest in the RTSI-based futures increased by 16.9% compared to the end of September.

Second-tier Stocks

In October 2009 the second-tier shares showed positive price dynamics.

The RTS-2 Index for the past month grew by 5.81% to 1292.56 (1221.53 on 30 September). By the end of October RTS-2 was 76.27% higher compared to its closing level last year (733.29 points on 31 October 2008).

Out of the 71 constituent stocks in the RTS-2 Index, 43 of them had a positive impact on its dynamics (plus 92.33 index points), 22 of them had negative impact (minus 21.29 points), and 6 remained unchanged in price.

Most of the positive impact on the RTS-2 Index came from growing prices of common shares of JSC Ў§Holding MRSKЎЁ (plus 15.79 points), JSC Ў§OGK-2ЎЁ (plus 7.52 points), and JSC Ў§OGK-4ЎЁ (plus 6.30 points).

Most of the negative impact on the RTS-2 Index was due to a decline in prices of common shares of JSC Ў§Bank VozrozhdenieЎЁ (minus 4.32 points).

In terms of weight in RTS-2 Index the largest sectors are the following: Power Industry (28.5%), the Consumer Sector (16.0%) and Telecommunications (13.2%).

The largest contributors to the growing RTS-2 in October were the securities of the Power Industry (overall plus 49.10 points), the Oil & Gas Sector (plus 7.27 points) and Industrials (plus 4.38 points).

The RTS Family of Indices

Index

Number of constituents

MC of constituent companies, USD mln

Combined

MC, free-float

adjusted,

USD mln

Share of total MC, %

Total

Average

Max

†нin

RTS Index

50

605 199,9

12 104,0

143 224,8

384,1

119 718,0

84,1%

RTS-2 Index

71

75 373,1

1 061,6

4 969,8

69,2

15 536,2

10,5%

RTS Oil & Gas Index

12

364 055,8

30 338,0

143 224,8

265,5

61 317,1

50,6%

RTS Consumer & Retail Index

11

11 496,3

1 045,1

4 969,8

114,0

1 645,9

1,6%

RTS Metals & Mining Index

12

81 826,1

6 818,8

25 162,9

151,7

10 791,7

11,4%

RTS Industrial Index

10

5 809,9

581,0

1 715,7

69,2

879,7

0,8%

RTS Electric Utilities Index

15

50 650,6

3 376,7

12 573,3

492,1

9 502,6

7,0%

RTS Telecom Index

12

23 814,5

1 984,5

14 052,9

88,9

2 293,4

3,3%

RTS Finances Index

9

69 986,5

7 776,3

48 246,8

173,3

2 082,6

9,7%

The key sectors represented on the Russian stock market demonstrated positive dynamics in October.

The U.S. Dollar lost 2.49% against the Ruble in October ЎV resulting in RUR29.34/\\$ (30.09 on 30 September).

The growth leader was the Metallurgy Industry: RTS ЎV Metals & Mining Index grew 7.13%. The Financial Sector picked up substantially: RTS ЎV Financials Index amounted to 6.46%.

The decline was reported by the Consumer Sector: RTS ЎV Consumer Goods & Trading Index decreased by 2.48%.

Index

Last Value

Change Over (Period), %

Max

Min

Month

Quarter

Year

Value

Date

Value

Date

RTS Index

1348,54

7,49%

32,54%

74,37%

1 476,06

26.10.09

1 224,80

02.10.09

RTS-2 Index

1292,56

5,81%

44,73%

76,27%

1 362,21

26.10.09

1 207,69

05.10.09

RTS Oil & Gas Index

180,93

5,49%

22,56%

54,22%

199,56

26.10.09

166,85

02.10.09

RTS Consumer & Retail Index

214,12

-2,48%

35,50%

78,55%

224,17

15.10.09

209,90

28.10.09

RTS Metals & Mining Index

214,83

7,13%

36,08%

116,43%

235,87

26.10.09

196,93

05.10.09

RTS Industrial Index

137,94

6,16%

78,63%

4,25%

140,57

12.10.09

109,73

05.10.09

RTS Electric Utilities Index

197,27

5,28%

43,34%

116,88%

213,45

26.10.09

183,63

02.10.09

RTS Telecom Index

165,19

5,61%

36,39%

73,46%

177,49

26.10.09

153,98

02.10.09

RTS Finances Index

337,66

6,46%

52,27%

83,65%

365,87

26.10.09

314,50

02.10.09