OREANDA-NEWS. October 12, 2010. For the week of October 4-8, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,566.85 points (2.28%) from 1,531.91 points as of October 1, 2010. At the end of the week the RTS Index was 6.73% higher than a month ago (1,468.11 points as of September 8, 2010) and 17.37% higher than a year ago (1,334.94 points as of October 8, 2009).

Over the week the US dollar lost 2.88% against the Russian ruble.

Out of 50 RTSI constituents 33 were pushing the Index upwards (plus 36.85 points overall), whereas 8 securities behaved negatively (down 1.90 points in total). The price for 9 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 7.96 points), Gazprom (plus 7.47 points) and OJSC "MMC "NORILSK NICKEL (plus 3.27 points).

The negative impact was mainly related to the falling prices for ordinary shares of JSC "NOVATEK" (down 0.74points).

In the oil and gas sector 48.35% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (19.60%) and metals & mining (16.05%).

On the sector level the major positive contributors were the oil & gas sector (plus 12.87 points in total) and the financial sector (plus 10.53 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 488.4 billion rubles or 5.2 million contracts. Futures contracts on the RTS Index made up 63.95% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 2.04%, December contracts and March contracts went up by 2.59% and 2.55% respectively.

Last week RTSI linked futures were trading at the spot level. December contracts closed 4.2 points in backwardation, whereas for March contracts backwardation stood at 1.15points.

For the week the total investor’s open interest measured in contracts decreased by 5.06%.

The RTS Standard Index

For the week of October 4-8, 2010 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 0.80% to 10,003.23 points (9,923.74 points as of October 1, 2010). At the end of the week the RTS Standard Index was 2.86% higher than a month ago (9,725.43 points as of September 8, 2010) and 12.04% higher than a year ago (8,928.23 points as of October 8, 2009).

Out of 15 RTS Standard Index constituents 10 were pushing the Index upwards (plus 117.43 points overall), whereas 5 securities behaved negatively (down 37.94 points in total).

The positive effect leaders were ordinary shares of Sberbank (plus 31.70 points) and Gazprom (plus 29.44 points).

The negative impact was mainly related to the falling prices for ordinary shares of OAO ‘LUKOIL’ (down 21.11 points).

Out of the blue chips the top risers were preferred shares of OJSC "Polyus Gold", that gained 8.67%, preferred shares of Surgutneftegas that went up by 2.63% and ordinary shares of JSC VTB Bank that added 2.41%.

The oil & gas sector accounted for 54.80% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (23.75%) and metallurgy (13.66%).

Second-tier stocks

For the week of October 4-8, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 1.21% to reach 1,988.85 points (1,965.12 points as of October 1, 2010). At the end of the week the RTS-2 Index was 10.02% higher than a month ago (1,804.83 points as of September 8, 2010), and 58.14% higher than a year ago (1,257.64 points as of October 8, 2009).

26 constituents out of 67 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 39.41 points overall), 15 instruments pulled the Index downwards (down 15.67 points). The price for 26 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "Polymetal" (plus 13.43 points), ordinary shares of WBD Foods (plus 3.37 points) and Bashkirenergo (plus 2.71 points).

The negative impact was mainly due to the falling prices for ordinary shares of OJSC "Magnit"  (down 4.99 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (32.4%), followed by the consumer goods & trading sector (17.9%) and metals & mining sector (14.1%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: metallurgy (plus 15.75 points in total) and power (plus 9.06 points in total).

RTS Siberia Index

For the week of October 4-8, 2010 stocks constituting the RTS Siberia Index were on the rise.

The RTS Siberia Index gained 1.72% to close at 880.94 points (866.06 points as of October 1, 2010). At the end of the week the RTS Siberia Index was 4.25% higher than a month ago (845.07 points as of September 8, 2010) and 30.60% higher than a year ago (674.54 points as of October 8, 2009).

Out of the 11 component stocks 4 were pushing the RTS Siberia Index up (plus 15.94 points). Three securities moved negatively (down 1.05). The price for 4 securities remained unchanged.

The positive effect leaders were ordinary shares of JSC "WGC-3" (plus 10.29 points), and JSC "Irkutskenergo" (plus 4.48).

The negative impact was mainly due to the falling prices for ordinary shares OAO Raspadskaya (down 0.48 points).

The power sector accounted for 38.8% of the RTS Siberia Index’ total capitalization. The other large-weight sectors were metallurgy (36.0%) and oil & gas (13.9%).

The RTS family of indices

 

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,566.85

2.28%

6.73%

15.54%

17.37%

RTS Standard Index

10,003.23

0.80%

2.86%

11.03%

12.04%

RTS-2 Index

1,988.85

1.21%

10.20%

23.99%

58.14%

RTS Oil & Gas Index

291.18

3.85%

10.91%

24.13%

41.10%

RTS Consumer & Retail Index

183.18

1.65%

4.70%

12.22%

0.48%

RTS Metals & Mining Index

341.48

1.67%

7.47%

19.81%

53.61%

RTS Industrial Index

171.52

0.32%

1.46%

24.69%

24.18%

RTS Electric Utilities Index

231.05

0.70%

7.92%

16.21%

44.76%

RTS Telecom Index

388.11

2.30%

7.14%

18.54%

13.71%

RTS Finances Index

266.92

1.31%

6.33%

14.83%

36.99%

RTS Siberia Index

880.94

1.72%

4.25%

10.62%

30.60%

For the week the RTS Index gained 2.28% to reach 1,566.85 points (1,531.91 points as of October 1, 2010), the RTS Standard Index (blue chips index) went up by 0.80% to end up at 10,003.23 points (9,923.74 points as of October 1, 2010)

Last week all the key economy sectors represented on the Russian stock market demonstrated positive dynamics. The largest growth was shown by the metallurgy section, with the RTS Metals & Mining Index going up by 3.85%. A significant increase was also demonstrated by the financial and consumer sectors, with the RTS Finances Index adding 2.30% and the RTS Consumer & Retail Index gaining 1.67%.

The regional RTS Siberia Index went up by1.72%.

The US dollar depreciated by 2.88% against the Russian ruble to reach 29.63 rubles per US dollar (30.51 rubles as of October 1, 2010).