OREANDA-NEWS. August 31, 2010. For the week of August 23-27, 2010 the Russian stock market experienced multidirectional movement of prices.

The RTS Index (RTSI) went down to 1,421.47 points (0.25%) from 1,425.03 points as of August 20, 2010. At the end of the week the RTS Index was 4.04% lower than a month ago (1,481.32 points as of July 27, 2010) and 32.79% higher than a year ago (1,070.49 points as of August 27, 2009).

Over the week the US dollar added 1.18% against the Russian ruble.

Out of 50 RTSI constituents 22 were pulling the Index down (down 11.36 points overall), whereas 15 securities had a positive impact (plus 7.78 points in total). The price for 13 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 3.55 points) and Rosneft (down 1.50 points).

The positive impact was mainly related to the growing prices for ordinary shares of Syrgutneftegas (plus 2.66 points) and "LUKOIL" (plus 1.99).

Over 49.50% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (18.11%) and metallurgy (15.93%).

On the sector level the major negative contributors were financial sector (down 4.06 points in total) followed by the metallurgy sector (down 0.34 points overall).

RTSI Futures Contracts

For the week of August 23-27, 2010 the trading volume in the RTSI derivatives amounted to 444.93 billion rubles or 5.2 million contracts. The turnover of futures contracts on the RTS Index made up 71.35% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.25%, September contracts (RTS-09.10) and December contracts (12.10) shed 0.46% and 0.39% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 7.92 points in backwardation, while for December contracts backwardation stood at 8.47 points.

For the week investor’s open interest measured in contracts decreased by 1.12%.

The RTS Standard Index

For the week of August 23-27, 2010 the RTS Standard Index demonstrated multidirectional movement of prices

The RTS Standard Index went down by 0.02% to 9,335.62 points (9,357.10 points as of August 20, 2010). At the end of the week the RTS Standard Index was 3.37% lower than a month ago (9,682.00 points as of July 27, 2010) and 24.26% higher than a year ago (7,529.27 points as of August 27, 2009).

Out of 15 constituents 10 had a negative impact on the RTS Standard Index (down 55.28 points overall). Five securities moved positively (plus 53.80 points).

The negative effect leaders were ordinary shares of Sberbank (SBERS) (down 27.35 points) and Rosneft (down 11.48 points). The positive impact was mainly due to the growing prices for ordinary shares of Surgutneftegas (plus 22.02 points).

Out of the blue chips the top fallers were ordinary shares of Tatneft (TATNS) that lost 2.45%, ordinary shares of Sberbank (SBERPS) that went down by 1.65%.

The week's blue chips top risers were ordinary shares of Surgutneftegas (SNGSS) that gained 3.67%.

The oil & gas sector accounted for 55.46% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (22.19%) and metallurgy (13.97%).

Ticker

Stock

Weight in the

RTS Standard

Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

18.58%

15.13%

GAZPS

Gazprom, ordinary

17.79%

14.49%

SBERS

Sberbank, ordinary

17.46%

14.21%

SBERPS

Sberbank, preferred

1.45%

1.18%

GMKNS

NORILSK NICKEL, ordinary

10.40%

8.47%

ROSNS

Rosneft, ordinary

8.22%

6.70%

SNGSS

Surgutneftegas, ordinary

6.65%

5.41%

SNGSPS

Surgutneftegas, preferred

1.80%

1.47%

HYDRS

RusHydro, ordinary

3.38%

2.75%

VTBRS

VTB Bank, ordinary

3.28%

2.67%

URKAS

Uralkali, ordinary

2.76%

2.24%

TATNS

Tatneft, ordinary

2.41%

1.97%

FEESS

FGS UES, ordinary

2.25%

1.83%

PLZLS

Polyus Gold, ordinary

2.08%

1.70%

CHMFS

Severstal, ordinary

1.48%

1.20%

Total

 

100.00%

81.40%

Second-tier stocks

For the week of August 23-27, 2010 the second tier stocks market demonstrated sideways trend.

Over the reviewed period the RTS-2 Index added 0.10% to reach 1,735.95 points (1,734.3 points as of August 20, 2010). At the end of the week the RTS-2 Index was 2.03% higher than a month ago (1,701.35 points as of July 27, 2010), and 81.42% higher than a year ago (956.86 points as of August 27, 2009).

17 constituents out of 69 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 16.16 points overall), whereas 19 instruments were offsetting this effect (down 14.52 points). The price for 33 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "OGK-4" (plus 2.26 points), ordinary shares of JSC "OGK-1" (plus 1.87 points) and ordinary shares of O.J.S.C. "Uralsvyazinform" (plus 1.52 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "IDGC Holding" (down 3.06 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (30.7%), followed by the consumer goods & trading sector (17.4%) and telecommunication sector (12.5%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: telecommunications (plus 9.34 points overall) followed by oil & gas (plus 1.34 points in total).

RTS Siberia Index

For the week of August 23-27, 2010 stocks constituting the RTS Siberia Index showed sideways trend.

The RTS Siberia Index went down by 0.12% to close at 821.28 points (822.26 points as of August 20, 2010). At the end of the week the RTS Siberia Index was 1.70% higher than a month ago (807.52 points as of July 27, 2010) and 49.51% higher than a year ago (549.33 points as of August, 27, 2009).

Out of the 10 component stocks 3 had negative impact on the Index’s dynamics (down 7.05 points). Three securities moved positively (plus 6.07). The price for four securities remained unchanged.

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of OAO Raspadskaya (down 3.14 points) and PJSC Belon (down 2.68 points).

The positive effect leaders were ordinary shares of OJSC Sibirtelekom (plus 4.93 points).

The metals & mining sector accounted for 40.0% of the RTS Siberia Index’ total capitalization. The other large-weight sectors were power (29.7%) and oil & gas (15.1%)

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1 ,421.47

-0.25%

-4.04%

4.63%

32.79%

RTS Standard Index

9 ,355.62

-0.02%

-3.37%

4.22%

24.26%

RTS-2 Index

1 ,735.95

0.10%

2.03%

7.97%

81.42%

RTS Oil & Gas Index

252.82

-0.64%

0.39%

-0.16%

44.63%

RTS Consumer & Retail Index

170.37

0.01%

-4.99%

3.38%

11.27%

RTS Metals & Mining Index

319.04

-0.83%

1.69%

16.86%

79.44%

RTS Industrial Index

140.73

0.00%

2.19%

1.47%

60.65%

RTS Electric Utilities Index

205.75

3.19%

0.53%

7.74%

55.66%

RTS Telecom Index

341.03

-1.29%

-4.13%

3.32%

41.95%

RTS Finances Index

241.09

-0.14%

-1.25%

-2.22%

72.92%

RTS Siberia Index

821.28

-0.12%

1.70%

-2.07%

49.51%

For the week the RTS Index lost 0.25% to reach 1,421.47 points (1,425.03 points as of August 20, 2010), the RTS Standard Index (blue chips index) shed 0.02% to end up at 9,355.62 points (9,357.10 points as of August 20, 2010)

Last week most of the key economy sectors represented on the Russian stock market demonstrated multidirectional dynamics. The largest decline was shown by the financial and consumer sectors. The RTS Finances Index fell 1.29%, while the RTS Consumer & Retail Index shed 0.83 %. The largest growth was shown by the telecommunication section, with the RTS Telecom Index going up by 3.19%.

The regional RTS Siberia Index lost 0.12%.

The US dollar appreciated by 1.18% against the Russian ruble to reach 30.82 rubles per US dollar (30.46 rubles as of August 20, 2010).