OREANDA-NEWS. March 4, 2010. For the week of February 24 – February 27, 2010 the Russian stock market showed a mixed trend.

The RTS Index (RTSI) went down to 1,410.85 points (0.86%) from 1,423.13 points as of February 19, 2010. At the end of the week the RTS Index was 2.46% lower than a month ago (1,446.36 points as of January 27, 2010) and 159.07% higher than a year ago (544.58 points as of February 27, 2009).

Over the week the US dollar lost 0.25% against the Russian ruble.

Out of 50 RTSI constituents 18 were pulling the Index down (minus 24.14 points overall), whereas 25 securities were offsetting the negative impact (plus 11.86 points in total). The price for 7 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (minus 7.61 points), Gazprom (minus 3.92 points) and OJSC "OC "Rosneft" (minus 2.70 points).

The positive impact was mainly related to the growing prices for ordinary shares of AO MOSENERGO (plus 2.47 points).

Over 48.99% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (19.09%) and metallurgy (16.16%).

On the sector level the major negative contributors were the oil & gas sector (minus 9.05 points in total) followed by the banks & finance sector (minus 7.51 points overall) and the chemical production sector (minus 1.44 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 217.9 billion rubles or 2.60 million contracts. Futures contracts on the RTS Index made up 72.81% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.86%, March contracts (RTS-03.10) and June contracts (06.10) shrank by 1.35% and 1.34% respectively.

By the end of the last week RTSI linked futures shifted in backwardation. March contracts were trading 4.3 points below the spot, while June contracts were 8.95 points in backwardation.

For the week the total investor’s open interest measured in contracts grew by 2.42%

The RTS Standard Index

For the week of February 24 – February 27, 2010 the ruble RTS Standard Index experienced a decline.

The RTS Standard Index went down by 2.12% to 9,154.18 points (9,352.65 points as of February 19, 2010). At the end of the week the RTS Standard Index was 5.04% lower than a month ago (9,640.29 points as of January 27, 2010) and 109.26% higher than a year ago (4,374.56 points as of February 27, 2009).

Out of 15 constituents 12 had a negative impact on the RTS Standard Index (minus 208.55 points overall). Three securities behaved positively (plus 10.08 points).

The negative effect leaders were ordinary shares of Sberbank (minus 66.78 points), Gazprom (minus 37.03 points) and OJSC "OC "Rosneft" (minus 25.00 points).

The positive impact was due to the rising prices for preferred shares of Surgutneftegas (plus 8.38 points).

Out of the blue chips the top fallers were ordinary shares of JSC "Severstal" that shed 6.27%, ordinary shares of OJSC Uralkali that lost 5.61% and ordinary shares of Sberbank that went down by 3.86%.

The largest growth was demonstrated by preferred shares of Surgutneftegas that added 4.14%.

The oil & gas sector accounted for 55.20% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (23.27%) and metallurgy (13.86%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

SBERS

Sberbank, ordinary

18.17%

14.84%

SBERPS

Sberbank, preferred

1.80%

1.47%

GAZPS

Gazprom, ordinary

17.36%

14.17%

LKOHS

LUKOIL, ordinary

16.20%

13.23%

ROSNS

Rosneft, ordinary

10.48%

8.56%

GMKNS

NORILSK NICKEL,

ordinary

10.00%

8.17%

SNGSS

Surgutneftegas, ordinary

6.22%

5.08%

SNGSPS

Surgutneftegas, preferred

2.30%

1.88%

VTBRS

VTB Bank, ordinary

3.30%

2.69%

HYDRS

RusHydro, ordinary

2.95%

2.41%

URKAS

Uralkali, ordinary

2.72%

2.22%

TATNS

Tatneft, ordinary

2.63%

2.15%

PLZLS

Polyus Gold, ordinary

2.38%

1.95%

FEESS

FGC UES, ordinary

1.99%

1.63%

CHMFS

Severstal, ordinary

1.48%

1.21%

Total

 

100.00%

81.65%

Second-tier stocks

For the week of February 24 – February 27, 2010 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index added 2.61% to reach 1,572.03 points (1,532.05 points as of February 19, 2010). At the end of the week the RTS-2 Index was 5.50% higher than a month ago (1,490.07 points as of January 27, 2010), and 256.58% higher than a year ago (440.86 points as of February 27, 2009).

25 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 47.50 points overall), 9 instruments moved negatively (minus 7.52 points). The price for 36 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "Aeroflot" (plus 6.09 points), preferred shares of OJSC Bashneft (plus 5.58 points) and ordinary shares of JSC CenterTelecom (plus 4.28 points).

The negative impact was mainly due to the falling prices for ordinary shares of OJSC "Magnit" (minus 2.87 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (26.8%), followed by the telecom sector (16.1%) and the consumer goods & trading sector (15.3%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 11.84 points in total) followed by metals & mining (plus 8.10 points overall) and oil & gas (plus 6.27 points in total).

The RTS family of indices

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,410.85

-0.86%

-2.46%

3.01%

159.07%

RTS Standard Index

9,154.18

-2.12%

-5.04%

3.12%

109.26%

RTS-2 Index

1,572.03

2.61%

5.50%

17.27%

256.58%

RTS Oil & Gas Index

174.17

-1.29%

-2.56%

-4.20%

91.10%

RTS Consumer & Retail Index

256.42

0.86%

3.22%

12.37%

259.23%

RTS Metals & Mining Index

251.35

1.11%

4.09%

11.99%

182.67%

RTS Industrial Index

147.41

1.93%

9.81%

4.16%

279.14%

RTS Electric Utilities Index

222.28

3.33%

0.02%

7.98%

264.27%

RTS Telecom Index

208.84

2.97%

8.71%

27.20%

164.46%

RTS Finances Index

392.38

-0.42%

1.13%

12.35%

289.15%

For the week the RTS Index lost 0.86% to reach 1,410.85 points (1.423.13 points as of February 19, 2010), the RTS Standard Index (blue chips index) shed 2.12% to end up at 9,154.18 points (9,352.65 points as of February 19, 2010)

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

The US dollar depreciated by 0.25% against the Russian ruble to reach 30.04 rubles per US dollar (30.11 rubles as of February 19, 2010).

The largest growth was shown by the power sector. The RTS Electric Utilities Index went up by 3.33%. A significant increase was also demonstrated by the telecom sector, with the RTS Telecom Index adding 2.97%. The largest decline was reported by the oil & gas sector, with the RTS Oil & Gas Index going down by 1.29%.