OREANDA-NEWS. November 3, 2010. For the week of October 25-29, 2010 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,587.14 points (1.34%) from 1,608.71 points as of October 22, 2010. At the end of the week the RTS Index was 6.17% higher than a month ago (1,494.93 points as of September 29, 2010) and 15.25% higher than a year ago (1,377.16 points as of October 29, 2009).

Over the week the US dollar lost 0.16% against the Russian ruble.

Out of 50 RTSI constituents 26 were pulling the Index down (down 27.49 points overall), whereas 13 securities had a positive impact (plus 5.92 points in total). The price for 11 securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 6.38 points), LUKOIL (down 4.96 points) and Rosneft (down 2.82 points).

The positive impact was mainly related   to   the   growing   prices   for ordinary  shares   of  OJSC   Uralkali (plus 2.10 points).

Over 47.34% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (20.98%) and metallurgy (15.81%).

On the sector level the major negative contributors were the oil & gas sector (down 11.03 points in total) followed by the banks & finance sector (down 7.83 points overall).

RTSI Futures Contracts

For the week of October 25-29, 2010 the trading volume in the RTSI derivatives amounted to 492.69 billion rubles or 5.04 million contracts. The turnover of futures contracts on the RTS Index made up 63.30% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 1.34%, December contracts and March contracts shed 1.13% and 1.33% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week December contracts were 0.89 points in backwardation, while for March contracts backwardation stood at 3.59 points.

For the week investor’s open interest measured in contracts decreased by 1.44%.

The RTS Standard Index

For the week of October 25-29, 2010 the RTS Standard Index experienced multidirectional movement of prices.

The RTS Standard Index went up by 0.09% to 10,463.83 points (10,454.00 points as of October 22, 2010). At the end of the week the RTS Standard Index was 8.59% higher than a month ago (9,636.37 points as of September 29, 2010) and 16.06% higher than a year ago (9,016.08 points as of October 29, 2009).

Out of 15 constituents 6 had a positive impact on the RTS Standard Index (plus 65.17 points overall). Nine securities moved negatively (down 55.35 points).

The positive impact was mainly due to the growing prices for ordinary shares of OJSC Uralkali (plus 21.56 points) and "OJSC "MMC "NORILSK NICKEL" (plus 20.96 points). The negative effect leaders were ordinary shares of Sberbank (down 15.33 points) and JSC "Severstal" (down 9.30 points).

Out of the blue chips the top raisers were ordinary shares of OJSC Uralkali   that added 8.40%.

The week's blue chips top fallers were ordinary shares of JSC "Severstal"  that lost 5.64%.

The oil & gas sector accounted for 53.35% of the RTS Standard Index’ total capitalization. The other large-weight sectors were finance (25.36%) and metallurgy (13.49%).

Ticker

Stock

 

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

SBERS

Sberbank. ordinary

20.04%

16.21%

SBERPS

Sberbank. preferred

1.61%

1.30%

GAZPS

Gazprom. ordinary

17.64%

14.27%

LKOHS

LUKOIL. ordinary

17.17%

13.89%

GMKNS

NORILSK NICKEL. ordinary

9.95%

8.05%

ROSNS

Rosneft. ordinary

8.01%

6.48%

SNGSS

Surgutneftegas. ordinary

6.32%

5.11%

SNGSPS

Surgutneftegas. preferred

1.95%

1.58%

VTBRS

VTB Bank. ordinary

3.71%

3.01%

HYDRS

RusHydro. ordinary

2.99%

2.42%

URKAS

Uralkali. ordinary

2.66%

2.15%

TATNS

Tatneft. ordinary

2.26%

1.83%

FEESS

FGS UES. ordinary

2.15%

1.74%

PLZLS

Polyus Gold. ordinary

2.05%

1.66%

CHMFS

Severstal. ordinary

1.49%

1.20%

Total

 

100.00%

80.90%

Second-tier stocks

For the week of October 25-29, 2010 the second tier stocks market demonstrated multidirectional trend.

Over the reviewed period the RTS-2 Index added 0.34% to reach 1,995.51 points (1,988.68 points as of October 22, 2010). At the end of the week the RTS-2 Index was 3.25% higher than a month ago (1,932.65 points as of September 29, 2010), and 54.62% higher than a year ago (1,290.63 points as of October 29, 2009).

20 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 35.12 points overall), whereas 22 instruments were offsetting this effect (down 28.29 points). The price for 25 securities remained unchanged.

The positive impact was mainly due to the growing prices for ordinary shares of JSC IDGC Holding (plus 10.35 points) and IDGC of Centre, JSC (plus 5.20 points).

Most of the negative effect was related to the falling prices for ordinary shares of OJSC Magnit (down 6.65 points) and ordinary shares of PJSC "NCSP" (down 4.32 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (32.5%), followed by the consumer goods & trading sector (18.3%) and metals & mining sector (13.7%).

Most of the RTS-2 Index increase was due to the positive contributions by the securities of the following sectors: power (plus 10.58 points overall) followed by industrial (plus 1.94 points in total).

RTS Siberia Index

For the week of October 25-29, 2010 stocks constituting the RTS Siberia Index showed negative dynamics.

The RTS Siberia Index went down by 1.14% to close at 887.68 points (897.95 points as of October 22, 2010). At the end of the week the RTS Siberia Index was 3.87% higher than a month ago (854.59 points as of September 29, 2010) and 29.59% higher than a year ago (684.97 points as of October 29, 2009).

Out of the 10 component stocks 6 had negative impact on the Index’s dynamics (down 12.89 points). Four securities moved positively (plus 2.67). The price for 4 securities remained unchanged.

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of JSC "WGC-3" (down 4.93 points) and JSC “RusHydro” (down 2.24 points).

The positive effect leaders were ordinary shares of OJSC MMC "NORILSK NICKEL (plus 2.62 points).

The power sector accounted for 37.3% of the RTS Siberia Index total capitalization. The other large-weight sectors were metallurgy (36.8%) and oil & gas (14.3%)

The RTS family of indices

Index

Last Value

Change over (Period), %

 

Week

Month

Quarter

Year

RTS Index

1,587.14

-1.34%

6.17%

5.55%

15.25%

RTS Standard Index

10,463.83

0.09%

8.59%

6.75%

16.06%

RTS-2 Index

1,995.51

0.34%

3.25%

15.97%

54.62%

RTS Oil & Gas Index

286.96

-1.30%

3.19%

11.65%

31.34%

RTS Consumer & Retail Index

181.89

-1.38%

3.10%

0.10%

-1.68%

RTS Metals & Mining Index

359.38

2.61%

8.66%

14.23%

69.44%

RTS Industrial Index

179.47

3.45%

4.26%

29.08%

30.94%

RTS Electric Utilities Index

229.42

-0.68%

1.76%

12.33%

35.12%

RTS Telecom Index

412.39

-1.06%

11.15%

14.13%

21.37%

RTS Finances Index

265.00

-0.63%

2.54%

8.01%

34.15%

RTS Siberia Index

887.68

-1.14%

3.87%

9.62%

29.59%

For the week the RTS Index lost 1.34% to reach 1,587.14 points (1,608.71 points as of October 22, 2010), the RTS Standard Index (blue chips index) added 0.09% to end up at 10,463.83 points (10,454.00 points as of October 22, 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 oil & gas sector. The RTS Oil & Gas Index fell 1.38%. The largest growth was shown by the industrial section, with the RTS Industrial Index going up by 3.45%.

The regional RTS Siberia Index lost 1.14%.

The US dollar depreciated by 0.16% against the Russian ruble to reach 30.68 rubles per US dollar (30.73 rubles as of October 22, 2010).