OREANDA-NEWS. March 11, 2010. For the week of March 1 – March 5, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,508.21 points (6.90%) from 1,410.85 points as of February 27, 2010. At the end of the week the RTS Index was 6.88% higher than a month ago (1,411.14 points as of February 5, 2010) and 169.76% higher than a year ago (559.09 points as of March 5, 2009).

Over the week the US dollar lost 0.72% against the Russian ruble.

Out of 50 RTSI constituents 41 were pushing the Index upwards (plus 100.25 points overall), whereas 8 securities behaved negatively (down 2.88 points in total). The price for 1 security remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 31.32 points), Gazprom (plus 11.92 points) and OJSC "MMC "NORILSK NICKEL" (plus 8.86 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC Uralkali (down 1.31 points).

Over 48.45% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (20.19%) and metallurgy (16.18%).

On the sector level the major positive contributors were the oil & gas sector (plus 39.57 points in total) followed by the banks & finance sector (plus 35.15 points overall) and the metals & mining sector (plus 16.01 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 332.3 billion rubles or 3.83 million contracts. Futures contracts on the RTS Index made up 70.78% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 6.90%, March contracts (RTS-03.10) and June contracts (06.10) went up by 7.20% and 7.27% respectively.

By the end of the last week RTSI linked futures were mainly trading below the spot. March contracts were 0.42 points in backwardation, while for June contracts backwardation stood at 4.32 points.

For the week the total investor’s open interest measured in contracts grew by 7.07%

The RTS Standard Index

For the week of March 1 – March 5, 2010 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 6.71% to 9,768.22 points (9,154.18 points as of February 27, 2010). At the end of the week the RTS Standard Index was 3.90% higher than a month ago (9,401.63 points as of February 5, 2010) and 114.46% higher than a year ago (4,554.74 points as of March 5, 2009).

Out of 15 constituents 13 had a positive impact on the RTS Standard Index (plus 626.76 points overall). Two securities moved negatively (down 12.73 points).

The positive effect leaders were ordinary shares of Sberbank (plus 238.30 points), Gazprom (plus 85.51 points) and OJSC "MMC "NORILSK NICKEL" (plus 65.02 points).

The negative impact was due to the declining prices for ordinary shares of OJSC Uralkali (down 11.71 points).

Out of the blue chips the top risers were ordinary shares of Sberbank that gained 14.33%, ordinary shares of JSC "Severstal" that added 12.31% and ordinary shares of Surgutneftegas that went up by 7.61%.

The largest decline was demonstrated by ordinary shares of OJSC Uralkali that lost 4.70%.

The oil & gas sector accounted for 54.40% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (24.52%) and metallurgy (13.82%).

Ticker

Stock

Sberbank, ordinary

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

SBERS

19.47%

15.96%

SBERPS

Sberbank, preferred

1.79%

1.47%

GAZPS

Gazprom, ordinary

17.14%

14.05%

LKOHS

LUKOIL, ordinary

15.80%

12.95%

ROSNS

Rosneft, ordinary

10.36%

8.49%

GMKNS

NORILSK NICKEL, ordinary

10.04%

8.23%

SNGSS

Surgutneftegas, ordinary

6.28%

5.14%

SNGSPS

Surgutneftegas, preferred

2.24%

1.83%

VTBRS

VTB Bank, ordinary

3.26%

2.67%

HYDRS

RusHydro, ordinary

2.87%

2.36%

TATNS

Tatneft, ordinary

2.58%

2.12%

URKAS PLZLS

Uralkali, ordinary Polyus Gold, ordinary

2.43% 2.22%

1.99% 1.82%

FEESS CHMFS

FGC UES, ordinary Severstal, ordinary

1.96% 1.55%

1.61% 1.27%

Total

 

100.00%

81.96%

Second-tier stocks

For the week of March 1 – March 5, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 4.95% to reach 1,649.88 points (1,572.03 points as of February 27, 2010). At the end of the week the RTS-2 Index was 9.15% higher than a month ago (1,511.51 points as of February 5, 2010), and 280.32% higher than a year ago (433.81 points as of March 5, 2009).

39 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 85.02 points overall), 7 instruments pulled the Index downwards (down 7.17 points). The price for 24 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of OJSC "Magnit" (plus 11.11 points), ordinary shares of OAO Raspadskaya (plus 9.00 points) and ordinary shares of JSC "OGK-4" (plus 5.89 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "Aeroflot" (down 2.79 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (27.5%), followed by the consumer goods & trading sector (15.7%) and telecom sector (15.6%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 33.16 points in total) followed by consumer goods & trading (plus 17.58 points overall) and metals & mining (plus 12.76 points in total).

The RTS family of indices

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,508.21

6.90%

6.88%

5.68%

169.76%

RTS Standard Index

9,768.22

6.71%

3.90%

5.03%

114.46%

RTS-2 Index

1,649.88

4.95%

9.15%

19.43%

280.32%

RTS Oil & Gas Index

184.19

5.75%

5.31%

-0.64%

96.09%

RTS Consumer & Retail Index

272.44

6.25%

9.93%

15.03%

295.30%

RTS Metals & Mining Index

267.97

6.61%

14.23%

15.51%

212.61%

RTS Industrial Index

158.04

7.21%

17.66%

11.78%

309.32%

RTS Electric Utilities Index

234.33

5.42%

8.83%

8.17%

289.25%

RTS Telecom Index

210.15

0.63%

3.55%

26.61%

163.45%

RTS Finances Index

416.46

6.14%

8.01%

14.73%

297.69%

For the week the RTS Index gained 6.90% to reach 1,508.21 points (1.410.85 points as of February 27, 2010), the RTS Standard Index (blue chips index) added 6.71% to end up at 9,768.22 points (9,154.18 points as of February 27, 2010)

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

The US dollar depreciated by 0.72% against the Russian ruble to reach 29.82 rubles per US dollar (30.04 rubles as of February 27, 2010).

The largest growth was shown by the industrial sector. The RTS Industrial Index went up by 7.21%. A significant increase was also demonstrated by the metals & mining sector, with the RTS Metals & Mining Index adding 6.61%. The largest increase was reported by the telecom sector, with the RTS Telecom Index going up by 0.63%.