OREANDA-NEWS. March 17, 2010. For the week of March 9 – March 12, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,534.68 points (1.76%) from 1,508.21 points as of March 5, 2010. At the end of the week the RTS Index was 12.53% higher than a month ago (1,363.83 points as of February 12, 2010) and 147.96% higher than a year ago (618.93 points as of March 12, 2009).

Over the week the US dollar lost 1.01% against the Russian ruble.

Out of 50 RTSI constituents 32 were pushing the Index upwards (plus 31.65 points overall), whereas 17 securities behaved negatively (down 5.17 points in total). The price for 1 security remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 9.58 points), JSC "RusHydro" (plus 3.48 points) and OJSC "MMC "NORILSK NICKEL" (plus 3.25 points).

The negative impact was mainly related to the falling prices for ordinary shares of Gazprom (down 1.41 points).

Over 47.62% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (20.61%) and metallurgy (16.24%).

On the sector level the major positive contributors were the banks & finance sector (plus 11.85 points in total) followed by the power sector (plus 7.13 points overall) and the metals & mining sector (plus 5.20 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 301.6 billion rubles or 3.36 million contracts. Futures contracts on the RTS Index made up 69.51% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.76%, March contracts (RTS-03.10) and June contracts (06.10) went up by 2.07% and 1.41% respectively.

On March 15, 2010 March contracts on the RTS Index will be settled. The final settlement price for the RTS Index futures was calculated on March 12, 2010. It reached 153,890 points.

Last week RTSI linked futures were mainly trading above the spot. March contracts closed 4.32 points in contango, while June contracts were 9.58 points in backwardation.

For the week the total investor’s open interest measured in contracts decreased by 36.92%

The RTS Standard Index

For the week of March 9 – March 12, 2010 the ruble RTS Standard Index showed a mixed trend.

The RTS Standard Index went down by 0.08% to 9,760.81 points (9,768.22 points as of March 5, 2010). At the end of the week the RTS Standard Index was 8.46% higher than a month ago (8,999.47 points as of February 12, 2010) and 99.71% higher than a year ago (4,887.47 points as of March 12, 2009).

Out of 15 constituents 9 had a positive impact on the RTS Standard Index (plus 101.61 points overall). Six securities moved negatively (down 109.02 points).

The positive effect leaders were ordinary shares of Sberbank (plus 42.55 points), JSC "RusHydro" (plus 22.41 points) and OJSC "MMC "NORILSK NICKEL" (plus 8.82 points).

The negative impact was due to the declining prices for ordinary shares of Gazprom (down 39.02 points).

Out of the blue chips the top risers were ordinary shares of JSC "RusHydro" that gained 7.98%, preferred shares of Surgutneftegas that added 3.34% and ordinary shares of OJSC Uralkali that went up by 2.99%.

The largest decline was demonstrated by ordinary shares of Gazprom that lost 2.33%.

The oil & gas sector accounted for 53.42% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (25.08%) and metallurgy (13.90%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

SBERS

Sberbank, ordinary

 

19.92%

16.30%

SBERPS

Sberbank, preferred

1.84%

1.50%

GAZPS

Gazprom, ordinary

16.76%

13.72%

LKOHS

LUKOIL, ordinary

15.46%

12.65%

ROSNS

Rosneft, ordinary

10.15%

8.31%

GMKNS

NORILSK NICKEL, ordinary

10.14%

8.30%

SNGSS

Surgutneftegas, ordinary

6.16%

5.04%

SNGSPS

Surgutneftegas, preferred

2.31%

1.89%

VTBRS

VTB Bank, ordinary

3.32%

2.72%

HYDRS

RusHydro, ordinary

3.11%

2.54%

TATNS

Tatneft, ordinary

2.58%

2.11%

URKAS

Uralkali, ordinary

2.51%

2.05%

PLZLS

Polyus Gold, ordinary

2.23%

1.82%

FEESS

FGC UES, ordinary

2.00%

1.63%

CHMFS

Severstal, ordinary

1.53%

1.26%

Total

 

100.00%

81.85%

Second-tier stocks

For the week of March 9 – March 12, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 3.31% to reach 1,704.55 points (1,649.88 points as of March 5, 2010). At the end of the week the RTS-2 Index was 13.67% higher than a month ago (1,499.57 points as of February 12, 2010), and 282.19% higher than a year ago (446.00 points as of March 12, 2009).

34 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 61.01 points overall), 9 instruments pulled the Index downwards (down 6.34 points). The price for 27 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "IDGC Holding" (plus 8.76 points), preferred shares of OJSC Bashneft (plus 5.72 points) and ordinary shares of OJSC "Magnit" (plus 5.38 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "AVTOVAZ" (down 2.24 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.4%), followed by the consumer goods & trading sector (15.7%) and telecom sector (15.2%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 30.55 points in total) followed by consumer goods & trading (plus 8.11 points overall) and oil & gas (plus 5.99 points in total).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,534.68

1.76%

12.53%

12.32%

147.96%

RTS Standard Index

9,760.81

-0.08%

8.46%

8.11%

99.71%

RTS-2 Index

1,704.55

3.31%

13.67%

24.30%

282.19%

RTS Oil & Gas Index

184.42

0.13%

10.35%

5.44%

75.87%

RTS Consumer & Retail Index

279.57

2.62%

12.71%

15.53%

282.29%

RTS Metals & Mining Index

272.89

1.84%

16.16%

21.10%

200.24%

RTS Industrial Index

154.93

-1.97%

10.62%

12.28%

351.69%

RTS Electric Utilities Index

248.76

6.16%

20.50%

22.12%

295.17%

RTS Telecom Index

213.53

1.61%

6.74%

30.42%

156.77%

RTS Finances Index

427.79

2.72%

12.78%

22.10%

288.76%

For the week the RTS Index gained 1.76% to reach 1,534.68 points (1.508.21 points as of March 5, 2010), whereas the RTS Standard Index (blue chips index) lost 0.08% to end up at 9,760.81 points (9,768.22 points as of March 5, 2010)

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

The US dollar depreciated by 1.01% against the Russian ruble to reach 29.52 rubles per US dollar (29.82 rubles as of March 5, 2010).

The largest growth was shown by the power sector. The RTS Electric Utilities Index went up by 6.16%. A significant increase was also demonstrated by the financial and consumer & retail sectors, with the RTS Finances Index and RTS Consumer & Retail Index adding 2.71% and 2.62% respectively.

The largest decline was reported by the industrial sector, with the RTS Industrial Index going down by 1.97%.