OREANDA-NEWS. May 5, 2010. For the week of April 26 ЎV April 30, 2010 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,572.84 points (1.88%) from 1,602.99 points as of April 23, 2010. At the end of the week the RTS Index was 0.68% higher than a month ago (1,562.29 points as of March 30, 2010) and 88.85% higher than a year ago (832.87 points as of April 30, 2009).

Over the week the US dollar gained 0.55% against the Russian ruble.

Out of 50 RTSI constituents 28 were pulling the Index down (down 34.76 points overall), whereas 12 securities had a positive impact (plus 4.61 points in total). The price for 10 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 14.53 points), Gazprom (down 5.71 points) and †п†б†п "LUKOIL" (down 3.28 points).

The positive impact was mainly related to the growing prices for ordinary shares of OJSC "MMC "NORILSK NICKEL" (plus 1.75 points).

Over 49.6% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were metals & mining (17.01%) and finance (16.82%).

On the sector level the major negative contributors were the oil & gas sector (down 15.32 points in total) followed by the banks & finance sector (down 14.88 points overall) and the power sector (down 1.54 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 477.5 billion rubles or 5.25 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 76.95% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

The RTS Standard Index

For the week of April 26 ЎV April 30, 2010 the ruble RTS Standard Index demonstrated a negative trend.

The RTS Standard Index fell 2.39% to 9,811.96 points (10,052.71 points as of April 23, 2010). At the end of the week the RTS Standard Index was 0.90% lower than a month ago (9,901.47 points as of March 30, 2010) and 56.62% higher than a year ago (6,264.7 points as of April 30, 2009).

Out of 15 constituents 12 were pulling the RTS Standard Index down (down 253.58 points overall). Three securities moved positively (plus 12.82 points).

The negative effect leaders were ordinary shares of Sberbank (down 115.79 points), Gazprom (down 47.85 points) and †п†б†п "LUKOIL" (down 29.12 points).

The positive impact was due to the growing prices for ordinary shares of OJSC "MMC "NORILSK NICKEL" (plus 11.15 points).

Out of the blue chips the top fallers were ordinary shares of Sberbank that lost 6.83%, preferred shares of Surgutneftegas that shed 5.28% and preferred shares of Sberbank that went down by 3.78%.

The largest growth was shown by ordinary shares of OJSC "MMC "NORILSK NICKEL" that rose by 1.03%.

The oil & gas sector accounted for 56.18% of the RTS Standard IndexЎ¦ total capitalization. The other large-weight sectors were finance (20.70%) and metallurgy (14.78%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

17.89%

14.46%

GAZPS

Gazprom, ordinary

17.23%

13.93%

SBERS

Sberbank, ordinary

16.10%

13.02%

SBERPS

Sberbank, preferred

1.39%

1.12%

GMKNS

NORILSK NICKEL, ordinary

11.19%

9.04%

ROSNS

Rosneft, ordinary

9.80%

7.93%

SNGSS

Surgutneftegas, ordinary

6.59%

5.33%

SNGSPS

Surgutneftegas, preferred

2.20%

1.78%

HYDRS

RusHydro, ordinary

3.55%

2.87%

VTBRS

VTB Bank, ordinary

3.21%

2.60%

TATNS

Tatneft, ordinary

2.47%

1.99%

URKAS

Uralkali, ordinary

2.43%

1.96%

FEESS

FGC UES, ordinary

2.36%

1.90%

PLZLS

Polyus Gold, ordinary

2.06%

1.66%

CHMFS

Severstal, ordinary

1.53%

1.24%

Total

 

100.00%

80.84%

Second-tier stocks

For the week of April 26 ЎV April 30, 2010 the second tier stocks market showed negative dynamics.

Over the reviewed period the RTS-2 Index lost 1.22% to reach 1,922.99 points (1,946.73 points as of April 23, 2010). At the end of the week the RTS-2 Index was 4.93% higher than a month ago (1,832.7 points as of March 30, 2010), and 202.27% higher than a year ago (636.18 points as of April 30, 2009).

31 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 35.25 points overall), 10 instruments moved positively (plus 11.51 points). The price for 29 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "INTER RAO UES" (down 12.09 points), ordinary and preferred shares of JSOC Bashneft (down 3.33 points and 3.25 points respectively).

The positive impact was mainly due to the growing prices for preferred shares of "VSMPO-AVISMA Corporation" (plus 4.28 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.6%), followed by the consumer goods & trading sector (15.4%) and telecom sector (14.7%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 10.7 points in total) followed by oil & gas (down 6.75 points overall) and telecom (down 2.64 points in total).

The RTS family of indices

 

 

Index

 

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

 

1,572.84

-1.88%

0.68%

6.72%

88.85%

RTS Standard Index

 

9,811.96

-2.40%

-0.90%

-0.16%

56.62%

RTS-2 Index

 

1,922.99

-1.22%

4.93%

27.85%

202.27%

RTS Oil & Gas Index

 

190.28

-1.90%

0.98%

4.36%

44.94%

RTS Consumer & Retail Index

317.34

-0.39%

3.49%

27.80%

153.08%

RTS Metals & Mining Index

 

289.12

0.93%

3.07%

19.16%

132.15%

RTS Industrial Index

 

164.56

-1.40%

3.28%

22.53%

185.10%

RTS Electric Utilities Index

 

281.18

-1.27%

4.98%

24.28%

166.75%

RTS Telecom Index

 

228.68

-0.16%

-1.60%

16.83%

119.42%

RTS Finances Index

 

411.4

-1.96%

-1.54%

3.76%

168.40%

For the week the RTS Index lost 1.88% to reach 1,572.84 points (1.602.99 points as of April 23, 2010), and the RTS Standard Index (blue chips index) shed 2.40% to end up at 9,811.96 points (10,052.71 points as of April 23, 2010)

Last week most of 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 1.96%. A significant decrease was also demonstrated by the oil & gas sector, with the RTS Oil & Gas Index shedding 1.90%. A slight growth was only seen in the metals & mining sector, with the RTS Metals & Mining Index gaining 0.93%.

The US dollar appreciated by 0.55% against the Russian ruble to reach 29.29 rubles per US dollar (29.13 rubles as of April 23, 2010).