OREANDA-NEWS. For the week of April 19 - April 23, 2010 the Russian stock market showed a mixed trend.

The RTS Index (RTSI) went down to 1,602.99 points (2.41%) from 1,642.57 points as of April 16, 2010. At the end of the week the RTS Index was 5.12% higher than a month ago (1,524.96 points as of March 23, 2010) and 95.32% higher than a year ago (820.7 points as of April 23, 2009).

Over the week the US dollar gained 0.68% against the Russian ruble.

Out of 50 RTSI constituents 34 were pulling the Index down (down 42.5 points overall), whereas 6 securities had a positive impact (plus 2.92 points in total). The price for 10 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 8.44 points), Gazprom (down 8.34 points) and "LUKOIL" (down 5.35 points).

The positive impact was mainly related to the growing prices for ordinary shares of NLMK (plus 1.74 points).

Over 49.6% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (17.44%) and metallurgy (16.51%).

On the sector level the major negative contributors were the oil & gas sector (down 18.87 points in total) followed by the banks & finance sector (down 13.07 points overall) and the metals & mining sector (down 3.83 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 490.6 billion rubles or 5.35 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 78.73% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 2.41%, June contracts (RTS-06.10) and September contracts (09.10) shed 2.58% and 2.75% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week June contracts were 24.54 points in backwardation, while for September contracts backwardation stood at 26.64 points.

For the week investor's open interest measured in contracts shrank by 2.23%

The RTS Standard Index

For the week of April 19 - April 23, 2010 the ruble RTS Standard Index demonstrated mixed movements.

The RTS Standard Index went down by 2.05% to 10,052.71 points (10,263.38 points as of April 16, 2010). At the end of the week the RTS Standard Index was 3.60% higher than a month ago (9,703.44 points as of March 23, 2010) and 59.93% higher than a year ago (6,285.76 points as of April 23, 2009).

Out of 15 constituents 11 were pulling the RTS Standard Index down (down 220.96 points overall). Four securities moved positively (plus 10.29 points).

The negative effect leaders were ordinary shares of Sberbank (down 53.07 points), Gazprom (down 52.03 points) and "LUKOIL" (down 28.71 points).

The positive impact was due to the growing prices for ordinary shares of JSC "RusHydro" (plus 4.55 points).

Out of the blue chips the top fallers were preferred shares of Sberbank that lost 7.31%, ordinary shares of JSC VTB Bank that shed 6.18% and ordinary shares of Severstal that went down by 4.66%.

The largest growth was shown by ordinary shares of JSC "RusHydro" that rose by 4.55%.

The oil & gas sector accounted for 56.08% of the RTS Standard Index total capitalization. The other large-weight sectors were finance (21.41%) and metallurgy (14.34%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

 

17.75%

14.39%

GAZPS

Gazprom, ordinary

17.30%

14.03%

SBERS

Sberbank, ordinary

16.87%

13.68%

SBERPS

Sberbank, preferred

1.41%

1.14%

GMKNS

NORILSK NICKEL, ordinary

10.81%

8.77%

ROSNS

Rosneft, ordinary

9.74%

7.90%

SNGSS

Surgutneftegas, ordinary

6.61%

5.36%

SNGSPS

Surgutneftegas, preferred

2.27%

1.84%

HYDRS

RusHydro, ordinary

3.47%

2.82%

VTBRS

VTB Bank, ordinary

3.13%

2.53%

TATNS

Tatneft, ordinary

2.43%

1.97%

URKAS

Uralkali, ordinary

2.39%

1.94%

FEESS

FGC UES, ordinary

2.31%

1.87%

PLZLS

Polyus Gold, ordinary

2.04%

1.66%

CHMFS

Severstal, ordinary

1.49%

1.21%

Total

I

100.00%

81.08%

Second-tier stocks

For the week of April 19 - April 23, 2010 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 1.75% to reach 1,946.73 points (1,981.32 points as of April 16, 2010). At the end of the week the RTS-2 Index was 10.72% higher than a month ago (1,758.25 points as of March 23, 2010), and 216.75% higher than a year ago (614.59 points as of April 23, 2009).

33 constituents out of 70 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 42.92 points overall), 7 instruments moved positively (plus 8.33 points). The price for 30 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "IDGC Holding" (down 13.24 points), OAO Raspadskaya (down 4.27 points) and ordinary shares of JSC "Polymetal" (down 3.75 points).

The positive impact was mainly due to the growing prices for ordinary shares of JSOC Bashneft (plus 3.52 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.8%), followed by the consumer goods & trading sector (15.3%) and telecom sector (14.6%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 18.03 points in total) followed by metals & mining (down 8.55 points overall) and consumer goods & trading (down 3.40 points in total).

The RTS family of indices

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,602.99

-2.41%

5.12%

7.62%

95.32%

RTS Standard Index

10,052.71

-2.05%

3.60%

2.83%

59.93%

RTS-2 Index

1,946.73

-1.75%

10.72%

30.04%

216.75%

RTS Oil & Gas Index

193.97

-2.16%

5.63%

4.16%

50.50%

RTS Consumer & Retail Index

318.58

-0.99%

10.30%

25.64%

164.54%

RTS Metals & Mining Index

286.47

-1.35%

4.92%

14.09%

130.39%

RTS Industrial Index

166.9

-0.35%

7.50%

20.92%

191.48%

RTS Electric Utilities Index

284.79

-1.18%

10.25%

31.31%

180.17%

RTS Telecom Index

229.05

-1.86%

5.45%

18.13%

129.17%

RTS Finances Index

419.63

-4.03%

-0.26%

5.68%

177.41%

For the week the RTS Index lost 2.41% to reach 1,602.99 points (1.642.57 points as of April 16, 2010), the RTS Standard Index (blue chips index) shed 2.05% to end up at 10,052.71 points (10,263.38 points as of April 16, 2010)

Last week all the key economy sectors represented on the Russian stock market demonstrated negative dynamics. The largest decline was shown by the financial sector. The RTS Finances Index fell 4.03%. A significant decrease was also demonstrated by the oil & gas sector, with the RTS Oil & Gas Index shedding 2.16%.

The US dollar appreciated by 0.68% against the Russian ruble to reach 29.13 rubles per US dollar (28.93 rubles as of April 16, 2010).