OREANDA-NEWS. April 23, 2010. For the week of April 12 – April 16, 2010 the Russian stock market demonstrated differently directed dynamics.

The RTS Index (RTSI) went up by 0.66% to reach 1,642.57 (1,631.81 as of April 9, 2010). At the end of the week the RTS Index was 6.88% higher than a month ago (1,536.79 as of April 16, 2009) and 100.42% higher than a year ago (819.57 as of April 16, 2009).

Over the week the US dollar lost 1.60% against the Russian ruble.

Out of 5- RTSI constituents 29 were pushing the Index upwards (plus 21.35 points overall), whereas 13 securities behaved negatively (down 10.59 points). The price for 8 securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 7.93 points), OJSC "MMC "NORILSK NICKEL" (plus 3.50 points), Sberbank (plus 1.90 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC “OC “Rosneft” (down 4.25 points).

In the oil and gas sector 49.61% of the RTSI total capitalization was concentrated. The other large-weight sectors were finance (17.81%) and metallurgy (16.34%).

On the sector level the major positive contributors were the oil & gas sector (plus 4.50 points in total), followed by metallurgy (plus 3.59 points overall) and the financial sector (plus 2.15 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 380.9 billion rubles or 4.03 million contracts. Futures contracts on the RTS Index made up 77.38% of the total FORTS turnover (Futures & Options on RTS) in cash terms.

With the RTSI gaining 0.66%, June contracts and September contracts went up by 1.09% and 1.23% respectively.

Last week RTSI linked futures were mainly trading below the spot. June contracts closed 22.05 points in backwardation, while for September futures backwardation stood at 22.9 points.

For the week the total investor’s open interest measured in contacts decreased by 0.94

The RTS Standard Index

For the week of April 12 – April 16, 2010 the ruble RTS Standard Index demonstrated differently directed dynamics.

The RTS Standard Index went down by 0.21% to 10,263.38 (10,284.85 as of April 9, 2010). At the end of the week the RTS Standard Index was 4.86% higher than a month ago (9,787.32 as of March 16, 2010) and 66.48% higher than a year ago (6,146.87 as of April 16, 2010).

Out of 15 constituents 8 had a negative impact on the RTS Standard Index (down 91.65 points), seven securities moved positively (plus 70.18 points).

The negative effect leaders were ordinary shares of OJSC “OC Rosneft” (down 40.63 points overall), JSC RusHydro (down 14.46 points) and OAO LUKOIL (plus 13.74 points).

The positive impact was due to the rising prices for Gazprom ordinary shares (plus 47.55 points).

Out of the blue chips the top fall was demonstrated by JSC "Severstal" (down 4.52%), JSC RusHydro (down 4.03%) and OJSC “OC "Rosneft” (down 3.92%).

The largest growth was demonstrated by ordinary shares of Gazprom (plus 2.73%).

The oil & gas sector accounted for 55.90% of the RTS Standard Index’ total capitalization. The other large-weighted sectors were finance (21.79%) and metallurgy (14.28%).

Ticker

Stock

LUKOIL

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

17,66%

14,37%

GAZPS

Gazprom

17,45%

14,20%

SBERS

Sberbank, ordinary

17,04%

13,86%

SBERPS

Sberbank, preferred

1,49%

1,21%

GMKNS

NORILSK NICKEL

10,67%

8,68%

ROSNS

Rosneft

9,70%

7,89%

SNGSS

Surgutneftegas, ordinary

6,44%

5,24%

SNGSPS

Surgutneftegas, preferred

2,28%

1,85%

HYDRS

RusHydro

3,36%

2,73%

VTBRS

VTB Bank

3,27%

2,66%

URKAS

Uralkali

2,42%

1,97%

TATNS

Tatneft

2,37%

1,93%

FEESS

FGC UES

2,25%

1,83%

PLZLS

Polyus Gold

2,08%

1,69%

CHMFS

Severstal

1,53%

1,24%

Total

 

100,00%

81,35%

Second-tier stocks

For the week of April 12 – April 16, 2010 the second-tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 2.54% to reach 1,981.32 (1,932.21 as of April 9, 2010). At the end of the week the RTS-2 Index was 14.95% higher than a month ago (1,723.57 as of March 16, 2010) and 225.01% higher than a year ago (609.62 points as of April 16, 2009).

33 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 58.7 points), 12 instruments pulled the Index downwards (down 9.59 points). The price for 25 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of PJSC "NCSP" (plus 9.04 points), preferred shares of JSOC Bashneft (plus 7.32 points) and ordinary shares of JSOC Bashneft (plus 7.32 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "OGK-2" (down 2.69 points).

In terms of weight in the RTS-2 Index, the electric power industry was the largest (29.2%), followed by the consumer goods & trading sector (15.2%) and telecom sector (14.5%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: oil and gas (plus 15.89 points), followed by water transportation (plus 12.50 points) and consumer goods & trading sector (plus 8.76 points).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1642,57

0,66%

6,88%

5,34%

100,42%

RTS Standard Index

10263,38

-0,21%

4,86%

1,23%

66,48%

RTS-2 Index

1981,32

2,54%

14,95%

28,68%

225,01%

RTS Oil & Gas Index

198,25

0,33%

7,48%

1,38%

56,76%

RTS Consumer & Retail Index

321,75

2,74%

14,61%

28,77%

176,09%

RTS Metals & Mining Index

290,4

0,82%

6,80%

9,52%

133,25%

RTS Industrial Index

167,48

-0,92%

8,23%

18,18%

204,45%

RTS Electric Utilities Index

288,18

-1,11%

13,63%

26,83%

176,22%

RTS Telecom Index

233,38

1,64%

8,16%

17,80%

125,77%

RTS Finances Index

437,24

1,69%

2,96%

8,69%

186,70%

For the last week the RTS Index gained 0.66% to reach 1,642.57 (1,631.81 as of April 9, 2010), whereas the RTS Standard Index (blue chips index) fell by 0.21% to reach 1,0263.38 (1,0284.85 as of April 9, 2010).

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

The largest growth was shown by consumer goods & trading sector with the RTS Consumer & Retail Index climbing 2.74%. Financial sector also showed a significant increase: RTS Finances Index climbed 1.69%. A decline was reported by the electric power sector with the RTS Electric Utilities Index losing 1.11%.

The US dollar depreciated by 1.60% against the Russian ruble to reach 28.93 per US dollar (29.40 rubles as of April 9, 2010).