OREANDA-NEWS. February 11, 2010. For the week of February 1 - February 5, 2010 the Russian stock market experienced a decrease of prices.

The RTS Index (RTSI) went down to 1,559.25 points (4.25%) from 1,473.81 points as of January 29, 2010. At the end of the week the RTS Index was 2.32% lower than a month ago (1,444.61 points as of December 31, 2009) and 175.01% higher than a year ago (513.12 points as of February 5, 2009).

Over the week the US dollar lost 1.18% against the Russian ruble.

Out of 50 RTSI constituents 35 were pulling the Index down (minus 64.16 points overall), whereas 9 securities had a positive impact (plus

1.48  points in total). The price for 6 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (minus 15.13 points), †п†б†п "LUKOIL" (minus

8.49 points) and OJSC "OC "Rosneft" (minus 7.14 points).

The positive impact was mainly related to the growth of ordinary shares of OJSC Sibirtelekom (plus 0.33 points).

Over 49.4% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (20.14%) and metallurgy (15.22%).

On the sector level the major negative contributors were the oil & gas sector (minus 29.03 points in total) followed by the banks & finance sector (minus 18.26 points overall) and the metals & mining sector (minus 8.94 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 403.1 billion rubles or 4.55 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 76.83% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 4.25%, March contracts (RTS-03.10) and June contracts (06.10) shed 4.47% and 4.32% respectively.

During the reviewed period RTSI linked futures were mainly trading above the spot. By the end of the week March contracts were 3.46 points in contango, while for June contracts contango stood at 4.61 points.

For the week investor's open interest measured in contracts grew by 5.39%.

The RTS Standard Index

For the week of February 1 ЎV February 5, 2010 the ruble RTS Standard Index experienced a decline.

The RTS Standard Index went down by 4.33% to 9,401.63 points (9,827.37 points as of January 29, 2010). At the end of the week the RTS Standard Index was 1.75% lower than a month ago (9,568.83 points as of December 31, 2009) and 126.25% higher than a year ago (4,155.44 points as of February 5, 2009).

Out of 15 constituents 14 were pulling the RTS Standard Index down (minus 426.01 points overall). One security moved positively (plus 0.27 points).

The negative effect leaders were ordinary shares of Sberbank (minus 116.53 points), †п†б†п "LUKOIL" (minus 63.94 points) and OJSC "OC "Rosneft" (minus 54.74 points).

The positive impact was due to the growing prices for ordinary shares of OJSC Uralkali (plus 0.27 points).

Out of the blue chips the top fallers were privileged shares of Sberbank that lost 7.32%, ordinary shares of "FGC UES" that shed 6.45% and ordinary shares of JSC "RusHydro" that went down by 6.05%.

The only riser, ordinary shares of OJSC Uralkali gained 0.11%.

The oil & gas sector accounted for 55.11% of the RTS Standard Index total capitalization. The other large-weight sectors were finance (24.24%) and metallurgy (13.15%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

SBERS

Sberbank, ordinary

19.28%

15.94%

SBERPS

Sberbank, privileged

1.81%

1.50%

GAZPS

Gazprom, ordinary

18.36%

15.18%

LKOHS

LUKOIL, ordinary

16.17%

13.37%

ROSNS

Rosneft, ordinary

9.87%

8.16%

GMKNS

NORILSK NICKEL, ordinary

9.51%

7.86%

SNGSS

Surgutneftegas, ordinary

6.13%

5.07%

SNGSPS

Surgutneftegas, privileged

2.10%

1.73%

VTBRS

VTB Bank, ordinary

3.15%

2.61%

URKAS

Uralkali, ordinary

2.69%

2.21%

HYDRS

RusHydro, ordinary

2.76%

2.28%

TATNS

Tatneft, ordinary

2.49%

2.06%

PLZLS

Polyus Gold, ordinary

2.25%

1.86%

FEESS

FGC UES, ordinary

2.05%

1.69%

CHMFS

Severstal, ordinary

1.40%

1.15%

Total

 

100.00%

82.66%

Second-tier stocks

For the week of February 1 - February 5, 2010 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index added 0.49% to reach 1,511.51 points (1,504.12 points as of January 29, 2010). At the end of the week the RTS-2 Index was 5.90% higher than a month ago (1,427.28 points as of December 31, 2009), and 249.85% higher than a year ago (432.04 points as of February 5, 2009).

23 constituents out of 70 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 26.25 points overall), 21 instruments moved negatively (minus 18.86 points). The price for 26 securities remained unchanged.

Most of the positive effect was related to the growing prices for privileged shares of O.J.S.C. "Uralsvyazinform" (plus 3.60 points), OJSC Sibirtelekom, (plus 14.97 points) and ordinary shares of OJSC Sibirtelekom (plus 2.67 points).

The negative impact was mainly due to the falling prices for ordinary shares of PJSC "NCSP" (minus 3.73 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (27.5%), followed by the telecom sector (15.4%) and the consumer goods & trading sector (15.8%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: telecom (plus 19.73 points in total) followed by nuclear materials production (plus 0.45 points overall) and industrial (plus 0.01 points in total).

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,411.14

-4.25%

-2.32%

4.62%

175.01%

RTS Standard Index

9,401.63

-4.33%

1.75%

8.20%

126.25%

RTS-2 Index

1,511.51

0.49%

5.90%

18.27%

249.85%

RTS Oil & Gas Index

174.91

-4.08%

-5.97%

-4.06%

106.73%

RTS Consumer & Retail Index

247.83

-0.20%

2.66%

15.13%

292.32%

RTS Metals & Mining Index

234.59

-3.32%

2.45%

6.06%

178.91%

RTS Industrial Index

134.32

0.02%

-0.52%

0.77%

211.72%

RTS Electric Utilities Index

215.31

-4.83%

5.39%

12.32%

282.43%

RTS Telecom Index

202.94

3.68%

6.64%

23.49%

164.07%

RTS Finances Index

385.56

-2.76%

4.32%

14.26%

267.69%

For the week the RTS Index lost 4.25% to reach 1,411.14 points (1.473.81 points as of January 29, 2010), the RTS Standard Index (blue chips index) shed 4.33% to end up at 9,401.63 points (9,827.37 points as of January 29, 2010)

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

The US dollar depreciated by 1.18% against the Russian ruble to reach 30.01 rubles per US dollar (30.36 rubles as of January 29, 2010).

The largest decline was shown by the power sector. The RTS Electric Utilities Index lost 4.83%. A significant decrease was also demonstrated by the oil & gas and metals & mining sectors, with the RTS Oil & Gas Index shedding 4.08% and the RTS Metals & Mining Index shrinking by 3.32%.

The telecom sector became the growth leader of the week, with the RTS Telecom Index adding 3.68%.