OREANDA-NEWS. January 13, 2010. For the week of December 28 - December 31, 2009 the Russian stock market experienced a decline in prices.

The RTS Index (RTSI) went down to 1,444.61 points (0.39%) from 1,450.25 points as of December 25, 2009. At the end of the week the RTS Index was 5.07% higher than a month ago (1,374.93 points as of November 30, 2009) and 128.62% higher than a year ago (631.89 points as of December 31, 2008).

Over the week the US dollar gained 1.05% against the Russian ruble.

Out of 50 RTSI constituents 20 were pulling the Index down (minus 10.20 points overall), 13 securities moved positively (plus 4.56 points overall). The price for 17 securities remained unchanged.

The negative effect leaders were ordinary shares of Gazprom (minus 2.21 points), OJSC "OC "Rosneft" (minus 1.33 points) and "LUKOIL" (minus 1.05 points).

The positive impact was mainly coming from the growing prices for ordinary shares of Sberbank (plus 1.15 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 (19.76%) and metallurgy (14.45%).

On the sector level the major negative contributors were the oil & gas sector (minus 3.77 points in total) followed by the power sector (minus 1.82 points overall) and the chemical production sector (minus 0.52 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 31.5 billion rubles or 0.37 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 53.67% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.39%, March contracts (RTS-03.10) and June contracts (06.10) climbed 1.14% and 0.24% respectively.

During the reviewed period RTSI linked futures were mainly trading above the spot. By the end of the week March contracts were 23.03 points in contango, while for June contracts contango stood at 7.88 points.

In the run up to the holidays season total investor's open interest measured in contracts decreased by 18.51%.

Second-tier stocks

For the week of December 28 - December 31, 2009 the second tier stocks market demonstrated a mixed trend.

Over the reviewed period the RTS-2 Index experienced a very slight change and closed at 1,427.28 points (1,427.32 points as of December 25, 2009). At the end of the week the RTS-2 Index was 6.22% higher than a month ago (1,343.67 points as of November 30, 2009), and 160.36% higher than a year ago (548.20 points as of December 31, 2008).

30 constituents out of 70 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (minus 9.00 points overall), 11 instruments were offsetting the negative movement (plus 8.96 points). The price for 42 securities remained unchanged.

Most of the negative effect was related to the declining prices for ordinary shares of Moscow Integrated Electricity Distribution Company (minus 1.18 points), JSC "OGK-4" (minus 1.02 points) and JSC "TRP" (minus 0.91 points).

The positive impact was mainly due to the rising prices for ordinary shares of PJSC "NCSP" (plus 2.33 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (26.4%), followed by the consumer goods & trading sector (16.7%) and the telecom sector (15.5%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the consumer & retail sector (minus 1.81 points in total). And the largest positive contributor was the water transportation sector (plus 2.33 points overall).

The RTS family of indices

Index

Last Value

Change over (Period), %

 1

Week

Month

Quarter

Year

RTS Index

1,444.61

-0.39%

5.07%

15.15%

128.62%

RTS-2 Index

1,427.28

0.00%

6.22%

16.84%

160.36%

RTS Oil & Gas Index

186.02

-0.47%

3.37%

8.46%

93.41%

RTS Consumer & Retail Index

241.42

-1.17%

4.65%

9.95%

230.80%

RTS Metals & Mining Index

228.97

-0.60%

1.81%

14.18%

157.56%

RTS Industrial Index

135.02

0.59%

-5.80%

3.92%

124.47%

RTS Electric Utilities Index

204.30

-1.59%

-1.79%

9.03%

132.98%

RTS Telecom Index

190.31

0.47%

15.38%

21.67%

121.76%

RTS Finances Index

369.61

-0.67%

4.81%

16.54%

124.63%

Last week most of the key economy sectors represented on the Russian stock market demonstrated negative dynamics.

The US dollar appreciated by 1.05% against the Russian ruble to reach 30.24 rubles per US dollar (29.93 rubles as of December 25, 2009).

The largest decline was shown by the power sector. The RTS Electric Utilities Index lost 1.59%. A significant decrease was also demonstrated by the consumer & retail sector, with the RTS Consumer & Retail Index shrinking by 1.17%.

The largest growth was reported by the industrial sector, with the RTS Industrial Index climbing 0.59%.