RTS Announced Index Weekly Wrap up (11 - 15 April, 2011)

OREANDA-NEWS. April 20, 2011. For the week of April 11-15, 2011 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 2,030.32 points (4.39%) from 2,123.56 points as of April 8, 2011. At the end of the week the RTS Index was 6.48% higher than a month ago (1,906.83 points as of March 15, 2011) and 21.12% higher than a year ago (1,676.27 points as of April 15, 2010).

Decline in prices on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 0.41%.

Over the week the US dollar lost 0.14% against the Russian ruble.

Out of 50 RTSI constituents 34 were pulling the Index down (down 95.32 points overall), whereas six securities had a positive impact (plus 2.08 points in total). The price for 10 securities remained unchanged.

The negative effect leaders were ordinary shares of Gasprom (down 24.80 points), JSC  "LUKOIL" (down 13.01 points) and Sberbank (down 10.70 points).

The positive impact was mainly related to the growing prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (plus 1.18 points).

Over 50.04% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (20.30%) and metallurgy (14.74%).

On the sector level the major negative contributor was the oil & gas sector (down 61.88 points) and finance (down 15.22 points).

RTSI Futures Contracts

For the week of April 11-15, 2011 the trading volume in the RTSI derivatives amounted to 803,44 billion rubles or 7,10 million contracts. The turnover of futures contracts on the RTS Index made up 66,68% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 4.39%, June contracts and September contracts shed 4.73% and 4.43% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week June contracts were 53.02 points in backwardation, while for September contracts backwardation stood at 56.47 points.

For the week investor's open interest measured in contracts decreased by 10.10%.The RTS Standard Index

For the week of April 11-15, 2011 the RTS Standard Index experienced negative movement of prices.

The RTS Standard Index went down by 4.38% to 12,175.52 points (12,733.21 points as of April 8, 2011). At the end of the week the RTS Standard Index was 4.70% higher than a month ago (11,629.36 points as of March 15, 2011) and 15.86% higher than a year ago (10,508.53 points as of April 15, 2010).

Out of 15 constituents fourteen had a negative impact on the RTS Standard Index (down 573.57 points overall). One security moved positively (plus 15.87 points).

The most negative impact was mainly due to the falling prices for ordinary shares of Gazprom (down 173.55 points) and JSC  "LUKOIL" (down 86.78 points).

The positive impact was mainly due to the growing prices for preferred shares of "OJSC "MMC "NORILSK NICKEL" (plus 15.88 points).

Out of the blue chips the top fallers were ordinary shares of OJSC Uralkali that lost 7.42% followed by ordinary shares of JSC  Severstal that went down by 7. 00% and Rosneft that shed 6.88%.

The oil & gas sector accounted for 54.09% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (24.69%) and metallurgy (13.07%).

For the week of April 11-15, 2011 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 1.76% to reach 2,363.63 points (2,406.08 points as of April 8, 2011). At the end of the week the RTS- 2 Index was 4.76% higher than a month ago (2,256.22 points as of March 15, 2011), and 18.75% higher than a year ago (1,990.48 points as of April 15, 2010).

33 constituents out of 58 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 47.91 points overall), whereas six instruments were offsetting this effect (plus 5.45 points). The price for 19 securities remained unchanged.

The negative impact was mainly due to the falling prices for ordinary shares of JSC "OGK-4" (down 4.55 points), JSC  Raspadskaya (down 4.48 points) and JSC "IDGC Holding" (down 4.41 points).

Most of the positive effect was related to the growing prices for ordinary shares of JSC "OGK-2" (plus 2.54 points) and OJSC Concern "KALINA" (plus 1.50 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (34.4%), followed by the consumer goods & trading sector (18.2%) and metallurgy sector (16.3%).

Second-tier stocks

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (down 16.41 points) followed by oil & gas (down 6.92 points) and metallurgy (down 6.56 points).RTS Siberia Index

For the week of April 11-15, 2011 stocks constituting the RTS Siberia Index showed a negative movement.

The RTS Siberia Index went down by 0.61% to close at 989.47 points (995.54 points as of April 8, 2011). At the end of the week the RTS Siberia Index was 3.84% higher than a month ago (952.90 points as of March 15, 2011) and 2.90% higher than a year ago (1,019.06 points as of April 15, 2010).

Out of the 10 component stocks three had a negative impact on the Index's dynamics (down 11.50 points). Two securities moved positively (plus 5.43 points). The price for five securities remained unchanged.

The negative impact on RTS Siberia Index was coming only from the price decline of ordinary shares of JSC  Raspadskaya (down 5.99 points), JSC "RusHydro" (down 3.88 points) and PJSC Belon (down 1.63 points).

The positive effect leaders were ordinary shares of JSC "WGC-3" (plus 3.37 points) and "OJSC "MMC "NORILSK NICKEL" (plus 2.06 points) .

The power sector accounted for 41.5% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (37.6%) and oil & gas (15.5%).

The RTS family of indices

For the week the RTS Index lost 4.39% to reach 2,030.32 points (2,123.56 points as of April 8, 2011), the RTS Standard Index (blue chips index) decreased by 4.38% to end up at 12,175.52 points (12,733.21 points as of April 8, 2011).

Decrease on the stock market was accompanied by a decline of volatility levels when the Russian Volatility Index RTSVX went down by 0.41% to reach 25.06 points (25.17 points as of April 8, 2011).

Last week most of the key economy sectors represented on the Russian stock market demonstrated a negative trend. The largest decline was shown by the oil & gas sector with the RTS Oil & Gas Index fell 5.64%.The substantial downturn was also reported by the metallurgy and power industries with the RTS Metals & Mining Index and RTS Electric Utilities Index lost 3.43% and 3.14% respectively.

The regional RTS Siberia Index lost 0.61%.

The US dollar depreciated by 0.14% against the Russian ruble to reach 28.18 rubles per US dollar (28.23 rubles as of April 8, 2011).