OREANDA-NEWS. March 2, 2010. For the week of February 15 ЎV February 19, 2010 the Russian stock market experienced an upturn in prices.

The RTS Index (RTSI) went up to 1,423.13 points (4.35%) from 1,363.83 points as of February 12, 2010. At the end of the week the RTS Index was 9.97% lower than a month ago (1,580.67 points as of January 19, 2010) and 159.12% higher than a year ago (549.21 points as of February 19, 2009).

Over the week the US dollar lost 0.04% against the Russian ruble.

Out of 50 RTSI constituents 34 were pushing the Index up (plus 60.15 points overall), whereas 4 securities had a negative impact (minus 0.85 points in total). The price for 12 securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 11.59 points), ИуИоИу "LUKOIL" (plus 9.59 points) and OJSC "OC "Rosneft" (plus 8.25 points).

The negative impact was mainly related to the declining prices for ordinary shares of Sberbank (minus 0.66 points).

Over 49.2% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (19.45%) and metallurgy (16.01%).

On the sector level the major positive contributors were the oil & gas sector (plus 37.33 points in total) followed by the metals & mining sector (plus 13.70 points overall) and the power sector (plus 4.95 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 349.6 billion rubles or 4.13 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 73.35% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 4.35%, March contracts (RTS-03.10) and June contracts (06.10) added 4.68% and 4.48% respectively.

Last week RTSI linked futures shifted in backwardation. By the end of the week March contracts were 3.07 points in contango, while for June contracts backwardation stood at 1.68 points.

For the week investorЎ¦s open interest measured in contracts grew by 2.14%

The RTS Standard Index

For the week of February 15 ЎV February 19, 2010 the ruble RTS Standard Index experienced an increase.

The RTS Standard Index went up by 3.92% to 9,352.65 points (8,999.47 points as of February 12, 2010). At the end of the week the RTS Standard Index was 9.42% lower than a month ago (10,325.48 points as of January 19, 2010) and 107.89% higher than a year ago (4,498.74 points as of February 19, 2009).

Out of 14 constituents 15 had a positive impact on the RTS Standard Index (plus 368.90 points overall). One security moved negatively (minus 15.71 points).

The positive effect leaders were ordinary shares of Gazprom (plus 83.15 points), ИуИоИу "LUKOIL" (plus 67.94 points) and OJSC "OC "Rosneft" (plus 60.22 points).

The negative impact was due to the declining prices for ordinary shares of Sberbank (minus 15.71 points).

Out of the blue chips the top risers were ordinary shares of JSC "Severstal" that added 13.71%, ordinary shares of JSC "RusHydro" that gained 8.20% and ordinary shares of OJSC "MMC "NORILSK NICKEL" that went up by 6.74%.

The only faller, Sberbank ordinary shares, lost 0.90%.

The oil & gas sector accounted for 54.92% of the RTS Standard IndexЎ¦ total capitalization. The other large-weight sectors were finance (23.49%) and metallurgy (13.89%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

SBERS

Sberbank, ordinary

18.50%

15.24%

SBERPS

Sberbank, preferred

1.75%

1.45%

GAZPS

Gazprom, ordinary

17.39%

14.33%

LKOHS

LUKOIL, ordinary

16.00%

13.18%

ROSNS

Rosneft, ordinary

10.52%

8.67%

GMKNS

NORILSK NICKEL, ordinary

10.03%

8.27%

SNGSS

Surgutneftegas, ordinary

6.25%

5.15%

SNGSPS

Surgutneftegas, preferred

2.16%

1.78%

VTBRS

VTB Bank, ordinary

3.24%

2.67%

HYDRS

RusHydro, ordinary

2.89%

2.38%

URKAS

Uralkali, ordinary

2.82%

2.32%

TATNS

Tatneft, ordinary

2.59%

2.14%

PLZLS

Polyus Gold, ordinary

2.32%

1.91%

FEESS

FGC UES, ordinary

1.98%

1.63%

CHMFS

Severstal, ordinary

1.54%

1.27%

Total

 

 

100.00%

82.39%

Second-tier stocks

For the week of February 15 ЎV February 19, 2010 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index added 2.17% to reach 1,532.05 points (1,499.57 points as of February 12, 2010). At the end of the week the RTS-2 Index was 0.80% lower than a month ago (1,544.33 points as of January 19, 2010), and 249.41% higher than a year ago (438.47 points as of February 19, 2009).

27 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 36.56 points overall), 11 instruments moved negatively (minus 4.08 points). The price for 32 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "IDGC Holding" (plus 5.79 points), "VSMPO-AVISMA Corporation", (plus 4.18 points) and ordinary shares of OAO Raspadskaya (plus 3.27 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "TGC-5" (minus 1.39 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (26.7%), followed by the telecom sector (16.1%) 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: metals & mining (plus 11.02 points in total) followed by power (plus 4.51 points overall) and banks & finance (plus 4.44 points in total).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,423.13

4.35%

-9.97%

-1.93%

159.12%

RTS Standard Index

9,352.65

3.92%

-9.42%

0.58%

107.89%

RTS-2 Index

1,532.05

2.17%

-0.80%

12.31%

249.41%

RTS Oil & Gas Index

176.45

5.58%

-10.31%

-8.43%

95.58%

RTS Consumer & Retail Index

254.23

2.50%

1.33%

9.87%

247.93%

RTS Metals & Mining Index

248.6

5.82%

-7.62%

7.09%

170.19%

RTS Industrial Index

144.62

3.26%

2.23%

5.12%

270.63%

RTS Electric Utilities Index

215.11

4.20%

-6.07%

-0.90%

274.50%

RTS Telecom Index

202.82

1.39%

1.46%

17.14%

145.19%

RTS Finances Index

394.04

3.88%

-3.82%

7.46%

280.79%

For the week the RTS Index grew by 4.35% to reach 1,423.13 points (1.363.83 points as of February 12, 2010), the RTS Standard Index (blue chips index) gained 3.92% to end up at 9,352.65 points (8,999.47 points as of February 12, 2010)

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

The US dollar depreciated by 0.04% against the Russian ruble to reach 30.11 rubles per US dollar (30.12 rubles as of February 12, 2010).

The largest growth was shown by the metals & mining sector. The RTS Metals & Mining Index went up by 5.82%. A significant increase was also demonstrated by the oil & gas, with the RTS Oil & Gas Index adding 5.58%. The slightest growth was reported by the telecom sector, with the RTS Telecom Index going up by 1.39%.