OREANDA-NEWS. December 24, 2010. For the week of December 13-17, 2010 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to

I,743.87            points (1.81%) from 1,712.93 points as of December 10, 2010. At the end of the week the RTS Index was

II.03%   higher than a month ago (1,570.66 points as of November 17, 2010) and 24.48% higher than a year ago (1,400.91 points as of December 17, 2009).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 4.03%.

Over the week the US dollar lost 0.74% against the Russian ruble.

Out of 50 RTSI constituents 42 were pushing the Index upwards (plus 32.82 points overall), whereas six securities behaved negatively (down 11.89 points in total).

The positive effect leaders were ordinary shares of Sberbank (plus 4.02 points), JSC "Polymetal" (plus 3.79 points) and Gazprom (plus 3.17 points).

The negative impact was mainly related to the falling prices for ordinary shares of NLMK (down 0.49 points).

In the oil and gas sector 47.80% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (17.95%) and metals & mining (16.54%).

On the sector level the major positive contributors were the oil & gas sector (plus 8.62 points in total) and the metallurgy sector (plus 7.58 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 499.91 billion rubles or 4.68 million contracts. Futures contracts on the RTS Index made up 61.17% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.81%, December contracts went up by 2.59% by the settlement date and March contracts grew by 1.03%.

December RTSI contracts were settled last week. Settlement price for the contracts was established on 15 December u equaled 176,345 points.

Last week RTSI linked futures were trading mainly above the spot. March contracts closed 3.62 points in backwardation.

For the week the total investor's open interest measured in contracts decreased by 34.70%.

The RTS Standard Index

For the week of December13-17, 2010 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 0.54% to 11,311.05 points (11,249.81 points as of December 10, 2010). At the end of the week the RTS Standard Index was 8.36% higher than a month ago (10,438.32 points as of November 17, 2010) and 19.15% higher than a year ago (9,493.05 points as of December 17, 2009).

Out of 16 RTS Standard Index constituents nine were pushing the Index upwards (plus 87.15 points overall), whereas seven securities behaved negatively (down 25.91 points in total).

The positive effect leaders were ordinary shares of Sberbank (plus 20.80 points) and Gazprom (plus 16.53 points).

The negative impact was mainly related to the falling prices for preferred shares of Transneft (down 8.64 points).

Out of the blue chips the top risers were ordinary shares of OJSC Uralkali, that gained 3.89%, preferred shares of Sberbank and ordinary shares of JSC VTB Bank that went up by 3.38% and 2.75% respectively.

The oil & gas sector accounted for 54.23% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (22.28%) and metallurgy (14.39%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

unzro

Gazprom, ordinary

19.98%

15.66%

SBERS

Sberbank, ordinary

17.18%

13.46%

SBERPS

Sberbank, preferred

1.45%

1.13%

LKOHS

LUKOIL, ordinary

16.92%

13.25%

GMKNS

NORILSK NICKEL, ordinary

11.51 %

9.02%

ROSNS

Rosneft, ordinary

7.83%

6.13%

SNGSS

Surgutneftegas, ordinary

6.16%

4.84%

SNGSPS

Surgutneftegas, preferred

1.88%

1.48%

URKAS

Uralkali, ordinary

3.80%

2.98%

VTBRS

VTB Bank, ordinary

3.66%

2.87%

HYDRS

RusHydro, ordinary

3.20%

2.51%

FEESS

FGS UES, ordinary

2.10%

1.65%

CHMFS

Severstal, ordinary

2.09%

1.64%

TRNFPS

Transneft, ordinary

1.45%

1.15%

PLZLS

Polyus Gold, ordinary

0.79%

0.62%

Total

 

100.00%

78.38%

Second-tier stocks

For the week of December 13-17, 2010 the second tier stocks market demonstrated an uptrend.

Over the reviewed period the RTS-2 Index added 4.62% to reach 2,230.53 points (2,131.96 points as of December 10, 2010). At the end of the week the RTS-2 Index was 12.50% higher than a month ago (1,982.66 points as of November 17, 2010), and 50.88% higher than a year ago (1,386.45 points as of December 17, 2009).

39 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 104.40 points overall), seven instruments pulled the Index downwards (down 5.83 points). The price for 21 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "Polymetal" (plus 30.52 points), JSC "IDGC Holding" (plus 6.82 points) and PJSC "NCSP" (plus 6.56 points).

The negative impact was mainly due to the falling prices for ordinary shares of OJSC "Magnit" (down 2.82 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (31.2%), followed by the consumer goods & trading sector (18.1%) and metals & mining sector (14.5%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: metallurgy (plus 38.79 points in total) and telecommunication (plus 18.66 points in total).

RTS Siberia Index

For the week of December 13-17, 2010 stocks constituting the RTS Siberia Index experienced a side-ways trend.

The RTS Siberia Index added 2.87% to close at 993.81 points (966.12 points as of December 10, 2010). At the end of the week the RTS Siberia Index was 10.32% higher than a month ago (900.83 points as of November 17, 2010) and 32.97% higher than a year ago (747.39 points as of December 17, 2009).

Out of the 11 component stocks seven were moving the RTS Siberia Index up (plus 28.69 points), three securities pushed the Index down (down 0.56 points). The price for one security remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 9.57 points) and JSC  Raspadskaya (plus 9.49 points).

The most negative impact on RTS Siberia Index was coming from the price decline of preferred shares of MDM Bank (down 0.26 points).

The metallurgy sector accounted for 37.2% of the RTS Siberia Index' total capitalization. The other large-weight sectors were power (36.6%) and oil & gas (15.3%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,743.87

1.81%

11.03%

19.10%

24.48%

RTS Standard Index

11,311.05

0.54%

8.36%

17.30%

19.15%

RTS-2 Index

2,230.53

4.62%

12.50%

19.58%

60.88%

RTS Metals & Mining Index

345.27

3.64%

16.18%

32.22%

52.80%

RTS Oil & Gas Index

194.41

1.17%

8.62%

11.32%

8.15%

RTS Consumer & Retail Index

431.54

1.89%

19.85%

30.98%

80.85%

RTS Industrial Index

207.42

4.06%

11.08%

19.00%

51.24%

RTS Telecom Index

262.33

4.50%

12.38%

17.09%

49.77%

RTS Finances Index

451.33

4.66%

10.85%

23.42%

25.51%

RTS Electric Utilities Index

273.41

1.19%

5.64%

7.83%

34.61%

RTS Siberia Index

993.81

2.87%

10.32%

18.40%

32.97%

Russian Volatility Index

22.71

-4.03%

-13.99%

11.23%

-41.28%

For the week the RTS Index gained 1.81% to reach 1,743.87 points (1,712.93 points as of December 10, 2010), the RTS Standard Index (blue chips index) went up by 0.54% to end up at 11,311.05 points (11,249.81 points as of December 10, 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 4.03% to reach 22.71 points (23.66 points as of December 10, 2010).

Last week all the key economy sectors represented on the Russian stock market demonstrated positive dynamics. The largest growth was shown by the finances section, with the RTS Finances Index going up by 4.66%. A significant increase was also demonstrated by the telecommunication and industrial sectors, with the RTS Telecom Index adding 4.50% and the RTS Industrial Index gaining 4.06%.

The regional RTS Siberia Index went up by 2.87%.

The US dollar depreciated by 0.74% against the Russian ruble to reach 30.75 rubles per US dollar (30.98 rubles as of December 10, 2010).