OREANDA-NEWS. December 15, 2010. For the week of December 6-10, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,712.93 points (1.52%) from 1,687.36 points as of December 3, 2010. At the end of the week the RTS Index was 4.64% higher than a month ago (1,637.02 points as of November 10, 2010) and 26.70% higher than a year ago (1,351.98 points as of December 10, 2009).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 5.02%.

Over the week the US dollar lost 1. 18% against the Russian ruble.

Out of 50 RTSI constituents 27 were pushing the Index upwards (plus 30.74 points overall), whereas eight securities behaved negatively (down 5.18 points in total). The price for 15 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 7.09 points), Gazprom (plus 4.58 points) and OJSC Uralkali (plus 3.22 points).

The negative impact was mainly related to the falling prices for ordinary shares of OAO 'LUKOIL' (down 3.55 points).

In the oil and gas sector 46.56% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (20.00%) and metals & mining (17.22%).

On the sector level the major positive contributors were the financial sector (plus 7.79 points in total) and the metallurgy sector (plus 7.44 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 636.39 billion rubles or 5.97 million contracts. Futures contracts on the RTS Index made up 62.30% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.52%, December contracts and March contracts went up by 1.20% and 1.39% respectively.

Last week RTSI linked futures were trading mainly above the spot. December contracts closed 5.92 points in backwardation, whereas for March contracts backwardation stood at 9.57 points.

For the week the total investor's open interest measured in contracts decreased by 6.97%.

The RTS Standard Index

iuaid index

For the week of December 6-10, 2010 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 0.40% to 11,249.81 points (11,204.56 points as of December 3, 2010). At the end of the week the RTS Standard Index was 4.61% higher than a month ago (10,754.37 points as of November 10, 2010) and 24.61% higher than a year ago (9,028.19 points as of December 10, 2009).

Out of 15 RTS Standard Index constituents nine were pushing the Index upwards (plus 109.32 points overall), whereas six securities behaved negatively (down 64.07 points in total).

The positive effect leaders were ordinary shares of Sberbank (plus 37.91 points) and OJSC Uralkali (plus 22.98 points).

The negative impact was mainly related to the falling prices for ordinary shares of OAO 'LUKOIL' (down 46.65 points).

Out of the blue chips the top risers were ordinary shares of OJSC Uralkali, that gained 6.51%, JSC "Severstal" and Sberbank that went up by 3.86% and 1.78% respectively.

The oil & gas sector accounted for 52.44% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (24.34%) and metallurgy (15.06%).

Ticker

 

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

ODERO

Sberbank, ordinary

19.32%

15.53%

SBERPS

Sberbank, preferred

1.59%

1.27%

GAZPS

Gazprom, ordinary

18.67%

15.01%

LKOHS

LUKOIL, ordinary

16.36%

13.15%

GMKNS

NORILSK NICKEL, ordinary

11.09%

8.92%

ROSNS

Rosneft, ordinary

7.62%

6.13%

SNGSS

Surgutneftegas, ordinary

5.85%

4.70%

SNGSPS

Surgutneftegas, preferred

1.82%

1.46%

VTBRS

VTB Bank, ordinary

3.44%

2.76%

URKAS

Uralkali, ordinary

3.34%

2.69%

HYDRS

RusHydro, ordinary

2.85%

2.29%

PLZLS

Polyus Gold, ordinary

2.28%

1.83%

TATNS

Tatneft, ordinary

2.12%

1.70%

FEESS

FGS UES, ordinary

1.97%

1.58%

CHMFS

Severstal, ordinary

1.69%

1.35%

Total

 

100.00%

80.38%

Second-tier stocks

For the week of December 6-10, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 1.20% to reach 2,131.96 points (2,106.60 points as of December 3, 2010). At the end of the week the RTS-2 Index was 7.11% higher than a month ago (1,990.39 points as of November 10, 2010), and 56.96% higher than a year ago (1,358.31 points as of December 10, 2009).

23 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 34.10 points overall), 13 instruments pulled the Index downwards (down 8.75 points). The price for 31 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of OJSC "Magnit" (plus 14.79 points), ordinary shares of JSC "OGK-1" (plus 3.42 points) and "VSMPO-AVISMA Corporation" (plus 3.10 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "IDGC Holding" (down 4.22 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (31.8%), followed by the consumer goods & trading sector (19.3%) and metals & mining sector (13.0%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: consumer (plus 16.37 points in total) and telecommunication (plus 3.83 points in total).

RTS Siberia Index

For the week of December 6-10, 2010 stocks constituting the RTS Siberia Index experienced a side-ways trend.

The RTS Siberia Index added 0.39% to close at 966.12 points (962.40 points as of December 3, 2010). At the end of the week the RTS Siberia Index was 7.21% higher than a month ago (901.13 points as of November 10, 2010) and 35.42% higher than a year ago (713.43 points as of December 10, 2009).

Out of the 11 component stocks five were moving the RTS Siberia Index up (plus 7.97 points), three securities pushed the Index down (down 4.26 points). The price for three securities remained unchanged.

The positive effect leaders were preferred shares of MDM Bank (plus 3.33 points) and ordinary shares of JSC "RusHydro" (plus 2.54 points).

The most negative impact on RTS Siberia Index was coming from the price decline of ordinary shares of OJSC Sibirtelekom (down 1.77 points).

The metallurgy sector accounted for 38.5% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (36.0%) and oil & gas (13.3%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,712.93

1.52%

4.64%

15.19%

26.70%

RTS Standard Index

11,249.81

0.40%

4.61%

14.67%

24.61%

RTS-2 Index

2,131.96

1.20%

7.11%

15.52%

56.96%

RTS Metals & Mining Index

333.14

3.16%

10.07%

24.43%

47.94%

RTS Oil & Gas Index

192.16

0.67%

2.35%

8.49%

10.84%

RTS Consumer & Retail Index

423.53

2.33%

18.43%

30.42%

75.46%

RTS Industrial Index

199.33

0.17%

9.42%

17.13%

44.36%

RTS Telecom Index

251.04

1.42%

7.11%

16.36%

56.96%

RTS Finances Index

431.23

2.11%

2.48%

16.41%

24.57%

RTS Electric Utilities Index

270.19

-0.06%

2.02%

6.06%

33.13%

RTS Siberia Index

966.12

0.39%

7.21%

13.25%

35.42%

Russian Volatility Index

23.66

-5.02%

-3.21%

-19.66%

-43.97%

For the week the RTS Index gained 1.52% to reach 1,712.93 points (1,687.36 points as of December 3, 2010), the RTS Standard Index (blue chips index) went up by 0.40% to end up at 11,249.81 points (11,204.56 points as of December 3, 2010).

Last week's growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 5.02% to reach 23.66 points (24.91 points as of December 3, 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 3.16%. A significant increase was also demonstrated by the consumer and financial sectors, with the RTS Consumer & Retail Index adding 2.33% and the RTS Finances Index gaining 2.11%.

The regional RTS Siberia Index went up by 0.39%.

The US dollar depreciated by 1.18% against the Russian ruble to reach 30.98 rubles per US dollar (31.35 rubles as of December 3, 2010).