OREANDA-NEWS. June 08, 2010. For the week of May 31 ЎV June 4, 2010 the Russian stock market showed a sideways trend.

The RTS Index (RTSI) went down to 1,360.7 points (0.45%) from 1,366.9 points as of May 28, 2010. At the end of the week the RTS Index was 10.35% lower than a month ago (1,517.83 points as of May 4, 2010) and 22.73% higher than a year ago (1,108.73 points as of June 4, 2009).

Over the week the US dollar gained 0.05% against the Russian ruble.

Out of 50 RTSI constituents 20 were pulling the Index down (down 30.54 points overall), whereas 26 securities had a positive impact (plus 24.38 points in total). The price for 4 securities remained unchanged.

The negative effect leaders were ordinary shares of NLMK (down 6.51 points) and OJSC "MMC "NORILSK NICKEL" (down 5.22 points).

The positive impact was mainly related to the growing prices for ordinary shares of "LUKOIL" (plus 13.27 points) and JSC "NOVATEK" (plus 3.39 points).

Over 50% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were metallurgy (16.38%) and finance (16.33%).

On the sector level the major negative contributor was the metals & mining sector (down 11.19 points in total), while the major positive contributor was the oil & gas sector (plus 11.11 points overall).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 467.21 billion rubles or 5.48 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 72.04% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.45%, June contracts (RTS-06.10) and September contracts (09.10) shed 0.51% each.

During the reviewed period RTSI linked futures were trading mainly below the spot. By the end of the week June contracts were 8.66 points in backwardation, while for September contracts backwardation stood at 7.21 points.

For the week investorЎ¦s open interest measured in contracts increased by 11.08%.

The RTS Standard Index

For the week of May 31 ЎV June 4, 2010 the ruble RTS Standard Index showed an uptrend.

The RTS Standard Index went up by 1.95% to 9,160.47 points (8,985.64 points as of May 28, 2010). At the end of the week the RTS Standard Index was 3.84% lower than a month ago (9,526.26 points as of May 4, 2010) and 18.92% higher than a year ago (7,702.97 points as of June 4, 2009).

Out of 15 constituents 10 had a positive impact on the RTS Standard Index (plus 236.05 points overall). Five securities moved negatively (down 61.23 point).

The positive effect leaders were ordinary shares of †п†б†п "LUKOIL" (plus 149.39 points) and Gazprom (plus 54.72 points).

The negative impact was due to the declining prices for ordinary shares of OJSC "MMC "NORILSK NICKEL" (down 18.76 points).

Out of the blue chips the top risers were ordinary shares of †п†б†п "LUKOIL" that gained 9.63% and ordinary shares of Gazprom that added 3.49%.

The largest decline was demonstrated by ordinary shares of "FGC UES ", JSC that lost 6.77%.

The oil & gas sector accounted for 57.33% of the RTS Standard IndexЎ¦ total capitalization. The other large-weight sectors were finance (20.07%) and metallurgy (14.29%).

Ticker

Stock

LUKOIL, ordinary

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

18.57%

15.04%

GAZPS

Gazprom, ordinary

17.72%

14.35%

SBERS

Sberbank, ordinary

15.41%

12.48%

SBERPS

Sberbank, preferred

1.40%

1.13%

GMKNS

NORILSK NICKEL, ordinary

10.46%

8.47%

ROSNS

Rosneft, ordinary

9.86%

7.98%

SNGSS

Surgutneftegas, ordinary

6.89%

5.58%

SNGSPS

Surgutneftegas, preferred

1.86%

1.51%

HYDRS

RusHydro, ordinary

3.66%

2.97%

VTBRS

VTB Bank, ordinary

3.26%

2.64%

PLZLS

Polys Gold, ordinary

2.44%

1.98%

TATNS

Tatneft, ordinary

2.43%

1.97%

URKAS

Uralkali, ordinary

2.43%

1.97%

FEESS

FGS UES, ordinary

2.22%

1.80%

CHMFS

Severstal, ordinary

1.40%

1.13%

Total

 

100.00%

80.98%

Second-tier stocks

For the week of May 31 ЎV June 4, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 2.33% to reach 1,658.79 points (1,620.96 points as of May 28, 2010). At the end of the week the RTS-2 Index was 12.81% lower than a month ago (1,902.56 points as of May 4, 2010), and 87.53% higher than a year ago (884.56 points as of June 4, 2009).

31 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 52.45 points overall), 14 instruments pulled the Index downwards (down 14.62 points). The price for 25 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "Polymetal" (plus 12.18 points), ordinary shares of PJSC "NCSP" (plus 7.23 points) and ordinary shares of JSC "Aeroflot" (plus 4.17 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "INTER RAO UES" (down 3.91 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.7%), followed by the consumer goods & trading sector (16.6%) and telecom sector (14.7%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: telecom (plus 8.87 points in total) followed by water transportation (plus 7.92 points overall) and metals & mining (plus 7.89 points in total).

The RTS family of indices

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,360.74

-0.45%

-10.35%

-7.45%

22.73%

RTS Standard Index

9,160.47

1.95%

-3.84%

-4.07%

18.92%

RTS-2 Index

1,658.79

2.33%

-12.81%

2.90%

87.53%

RTS Oil & Gas Index

167.36

1.20%

-9.24%

-7.17%

4.88%

RTS Consumer & Retail Index

281.77

1.30%

-9.93%

5.65%

74.64%

RTS Metals & Mining Index

244.44

-4.92%

-12.71%

-5.94%

47.20%

RTS Industrial Index

138.16

-0.60%

-15.23%

-7.59%

58.86%

RTS Electric Utilities Index

240.42

-3.14%

-12.41%

4.75%

56.88%

RTS Telecom Index

197.34

2.85%

-12.96%

-4.49%

57.44%

RTS Finances Index

330.11

0.50%

-16.35%

-19.41%

34.73%

For the week the RTS Index lost 0.45% to reach 1,360.74 points (1.366.9 points as of May 28, 2010), whereas the RTS Standard Index (blue chips index) added 1.95% to end up at 9,160.47 points (8,985.64 points as of May 28, 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 telecom sector. The RTS Telecom Index went up by 2.85%. A significant increase was also demonstrated by the consumer & retail sector, with the RTS Consumer & Retail Index climbing 1.30%. The largest decline was reported by the metals & mining sector, with the RTS Metals & Mining Index losing 4.92%.

The US dollar appreciated by 0.05% against the Russian ruble to reach 30.89 rubles per US dollar (30.88 rubles as of May 28, 2010).