OREANDA-NEWS. June 02, 2010. For the week of May 24 – May 28, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,369.9 points (5.32%) from 1,297.91 points as of May 21, 2010. At the end of the week the RTS Index was 12.55% lower than a month ago (1,563.10 points as of April 28, 2010) and 29.72% higher than a year ago (1,053.73 points as of May 28, 2009).

Over the week the US dollar gained 0.41% against the Russian ruble.

Out of 50 RTSI constituents 33 were pushing the Index upwards (plus 71.23 points overall), whereas 8 securities behaved negatively (down 2.24 points in total). The price for 9 securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 12.29 points), OJSC "OC "Rosneft" (plus 10.26 points) and Sberbank (plus 6.16 points).

The negative impact was mainly related to the falling prices for ordinary shares of PJSC "NCSP" (down 0.84 points).

In the oil and gas sector 49.63% of the RTSI total capitalization was concentrated. The other large-weight sectors were metallurgy (17.13%) and banks & finance (16.55%).

On the sector level the major positive contributors were the oil & gas sector (plus 38.77 points in total) followed by the banks & finance sector (plus 8.89 points overall) and the power sector (plus 8.16 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 488.7 billion rubles or 6.1 million contracts. Futures contracts on the RTS Index made up 69.24% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 5.32%, June contracts (RTS-06.10) and September contracts (09.10) went up by 5.14% and 4.95% respectively.

Last week RTSI linked futures were mainly trading below the spot. June contracts closed 7.77 points in backwardation, while for September contracts backwardation stood at 6.17 points.

For the week the total investor’s open interest measured in contracts increased by 11.66%.

The RTS Standard Index

For the week of May 24 – May 28, 2010 the ruble RTS Standard Index showed an uptrend.

The RTS Standard Index went up by 4.37% to 8,985.64 points (8,609.16 points as of May 21, 2010). At the end of the week the RTS Standard Index was 8.21% lower than a month ago (9,789.53 points as of April 28, 2010) and 22.42% higher than a year ago (7,339.98 points as of May 28, 2009).

Out of 15 constituents 14 had a positive impact on the RTS Standard Index (plus 376.58 points overall). One security moved negatively (down 0.1 point).

The positive effect leaders were ordinary shares of Gazprom (plus 74.12 points), OJSC "OC "Rosneft" (plus 68.80 points) and Surgutneftegas (plus 38.68 points).

Out of the blue chips the top risers were ordinary shares of OJSC Uralkali that gained 16.79%, ordinary shares of Tatneft that added 14.91% and ordinary shares of OJSC "Polyus Gold" that went up by 10.78%.

The oil & gas sector accounted for 56.73% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (20.33%) and metallurgy (14.69%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

17.45%

14.15%

LKOHS

LUKOIL, ordinary

17.27%

14.00%

SBERS

Sberbank, ordinary

15.70%

12.73%

SBERPS

Sberbank, preferred

1.41%

1.14%

GMKNS

NORILSK NICKEL, ordinary

10.87%

8.81%

ROSNS

Rosneft, ordinary

10.19%

8.26%

SNGSS

Surgutneftegas, ordinary

6.98%

5.66%

SNGSPS

Surgutneftegas, preferred

2.03%

1.64%

HYDRS

RusHydro, ordinary

3.78%

3.06%

VTBRS

VTB Bank, ordinary

3.21%

2.60%

TATNS

Tatneft, ordinary

2.45%

1.99%

FEESS

FGC UES, ordinary

2.42%

1.97%

PLZLS

Polyus Gold, ordinary

2.41%

1.95%

URKAS

Uralkali, ordinary

2.41%

1.96%

CHMFS

Severstal, ordinary

1.41%

1.14%

Total

 

100.00%

81.07%

Second-tier stocks

For the week of May 24 – May 28, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 1.85% to reach 1,620.96 points (1,591.52 points as of May 21, 2010). At the end of the week the RTS-2 Index was 15.06% lower than a month ago (1,908.28 points as of April 28, 2010), and 93.54% higher than a year ago (837.52 points as of May 28, 2009).

25 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 56.17 points overall), 21 instruments pulled the Index downwards (down 26.74 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 17.39 points), ordinary shares of JSC "OGK-4" (plus 8.87 points) and ordinary shares of OAO Raspadskaya (plus 4.52 points).

The negative impact was mainly due to the falling prices for ordinary shares of PJSC "NCSP" (down 6.78 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (29.1%), followed by the consumer goods & trading sector (16.8%) 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: consumer goods & trading (plus 17.67 points in total) followed by power (plus 11.17 points overall) and telecom (plus 7.78 points in total).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,366.9

5.32%

-12.55%

-3.12%

29.72%

RTS Standard Index

8,985.64

4.37%

-8.21%

-1.84%

22.42%

RTS-2 Index

1,620.96

1.85%

-15.06%

3.11%

93.54%

RTS Oil & Gas Index

165.38

6.17%

-13.03%

-5.05%

6.09%

RTS Consumer & Retail Index

278.15

3.76%

-11.14%

8.47%

78.57%

RTS Metals & Mining Index

257.08

3.00%

-9.87%

2.28%

61.55%

RTS Industrial Index

138.98

-4.76%

-15.90%

-5.72%

71.71%

RTS Electric Utilities Index

248.22

5.95%

-9.99%

11.67%

81.45%

RTS Telecom Index

191.87

2.18%

-16.03%

-8.13%

60.94%

RTS Finances Index

328.47

3.95%

-19.61%

-16.29%

50.67%

For the week the RTS Index gained 5.31% to reach 1,366.9 points (1.297.91 points as of May 21, 2010), whereas the RTS Standard Index (blue chips index) added 4.37% to end up at 8,985.64 points (8,609.16 points as of May 21, 2010).

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

The largest growth was shown by the oil & gas sector. The RTS Oil & Gas Index went up by 6.17%. A significant increase was also demonstrated by the power sector, with the RTS Electric Utilities Index climbing 5.95%. A decline was reported by the industrial sector, with the RTS Industrial Index losing 4.76%.

The US dollar appreciated by 0.41% against the Russian ruble to reach 30.9 rubles per US dollar (30.8 rubles as of May 21, 2010).