OREANDA-NEWS. December 03, 2009. For the week of November 16 ЎV November 20, 2009 the Russian stock market showed a mixed trend.

The RTS Index (RTSI) went up to 1,436.44 points (1.19%) from 1,419.49 points as of November 13, 2009. At the end of the week the RTS Index was 0.67% lower than a month ago (1,446.14 points as of October 20, 2009) and 155.99% higher than a year ago (561.14 points as of November 20, 2008).

Over the week the US dollar appreciated by 0.26% against the Russian ruble.

Out of 50 RTSI constituents 31 were pushing the Index up (plus 21.56 points overall), 13 securities moved negatively (minus 4.61 points overall). The price for 6 securities remained unchanged.

The positive effect leaders were ordinary shares of †п†б†п "LUKOIL" (plus 5.54 points), Sberbank (plus 3.47 points) and JSC "RusHydro" (plus 2.15 points).

The negative impact was mainly coming from the falling prices for ordinary shares of Gazprom (minus 1.94 points).

Over 50% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were banks & finance (20.51%) and metals & mining (10.98%).

On the sector level the major positive contributors were the oil & gas sector (plus 5.76 points in total) followed by the banks & finance sector (plus 3.37 points overall) and the power sector (plus 3.17 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 326.2 billion rubles or 3.89 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 75.91% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.19%, December contracts (RTS-12.09) and March contracts (RTS-03.10) climbed 1.53% and 1.79% respectively.

Last week RTSI linked futures were mainly trading below the spot. By the end of the reviewed period December contracts were 12.22 points in backwardation. For March contracts backwardation stood at 11.37 points.

For the week investorЎ¦s total open interest measured in contracts decreased by 5.77%.

Second-tier stocks

For the week of November 16 ЎV November 20, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index added 0.69% to reach 1,360.90 points (1,351.52 points as of November 13, 2009). At the end of the week the RTS-2 Index was 2.85% higher than a month ago (1,323.20 points as of October 20, 2009), and 138.77% higher than a year ago (569.94 points as of November 20, 2008).

27 constituents out of 71 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 20.94 points overall), 14 instruments moved negatively (minus 11.61 points). The price for 30 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of OAO Raspadskaya (plus 2.34 points), OJSC "VolgaTelecom" (plus 1.54 points) and JSC "Polymetal" (plus 1.52 points).

The negative impact was mainly due to the falling prices for privileged shares of MGTS (minus 3.32 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.2%), followed by the consumer goods & trading sector (16.2%) and the telecom sector (13.1%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: metals & mining (plus 3.45 points in total) followed by industrial (plus 1.93 points overall) and chemical production (plus 1.26 points in total).

The RTS family of indices

 

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1436,44

1,19%

-0,67%

41,04%

155,99%

RTS-2 Index

1360,85

0,69%

2,85%

47,49%

138,77%

RTS Oil & Gas Index

189,29

0,76%

-5,03%

32,37%

124,09%

RTS Consumer & Retail Index

232,61

1,14%

3,77%

38,97%

200,26%

RTS Metals & Mining Index

234,08

1,17%

4,37%

37,73%

223,76%

RTS Industrial Index

138,24

2,70%

2,75%

66,07%

73,02%

RTS Electric Utilities Index

217,04

2,19%

4,72%

54,60%

170,96%

RTS Telecom Index

173,1

0,13%

-0,12%

43,38%

118,67%

RTS Finances Index

365,65

0,70%

1,87%

57,36%

142,35%

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

The US dollar appreciated by 0.26% against the Russian ruble to reach 28.75 rubles per US dollar (28.67 rubles as of November 13, 2009).

The largest growth was shown by the industrial sector. The RTS Industrial Index gained 2.70%. The power sector also demonstrated a significant increase, with the RTS Electric Utilities Index adding 2.19%.

The slightest growth was reported by the telecom sector, with the RTS Telecom Index climbing 0.13%.