OREANDA-NEWS. August 8, 2011. For the week of July 25 - 29, 2011 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,965.02 points (0.60%) from 1,976.82 points as of July 22, 2011. At the end of the week the RTS Index was 3.72% higher than a month ago (1,894.58 points as of June 29, 2011) and 30.68% higher than a year ago (1,503.68 points as of July 29, 2010).

The securities market drop down was accompanied by a higher volatility. The Russian Volatility Index (RTSVX) went up by 0.35%.

Over the week the US dollar lost 1.14% against the Russian ruble.

Out of 49 RTSI constituents 18 were pulling the Index down (down 22.07 points overall), whereas 22 securities had a positive impact (plus 10.27 points in total). The price for 9 securities remained unchanged.

The negative effect leaders were ordinary shares of Gazprom (down 10.91 points), Rosneft (down 2.56 points) and JSC "LUKOIL" (down 2.52 points).

The positive impact was mainly related to the growing prices for ordinary shares of JSC "Polymetal" (plus 2.21 points).

In the oil and gas sector 48.79% of the RTSI total capitalization was concentrated. The other large-weight sectors were finance (20.02%) and metallurgy (15.71%).

On the sector level the major negative contributors were the oil & gas sector (down 13.06 points in total) followed by the chemical production sector (down 1.57 points overall).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 748.74 billion rubles or 6.89 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 68.56% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.60%, September contracts (RTS-09.11) and December contracts (12.11) shed 0.59% and 0.70% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 9.22 points in backwardation, while for December contracts backwardation stood at 11.07 points.

For the week investor's open interest measured in contracts increased by 2.27%.

The RTS Standard Index

For the week of July 25 - 29, 2011 the ruble RTS Standard Index demonstrated a negative trend.

The RTS Standard Index went down by 1.18% to 11,544.06 points (11,681.50 points as of July 22, 2011). At the end of the week the RTS Standard Index was 1.94% higher than a month ago (11,323.90 points as of June 29, 2011) and 17.76% higher than a year ago (9,802.66 points as of July 29, 2010).

Out of 14 constituents 9 had a negative impact on the RTS Standard Index (down 158.78 points overall). Five securities moved positively (plus 21.33 points).

The negative effect leaders were ordinary shares of Gazprom (down 35.04 points), JSC "LUKOIL" (down 25.94 points) and Rosneft (down 22.72).

The positive impact was due to the growing prices for ordinary shares of JSC "RusHydro" (plus 9.30 points).

Out of the blue chips the top fallers were ordinary shares of JSC VTB Bank that lost 2.96%, OJSC Uralkali that shed 2.72% and Rosneft that went down by 2.33%.

The oil & gas sector accounted for 52.68% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (24.78%) and metallurgy (13.02%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS  Index, %

 

 

 

14.30%

SBERS

Sberbank, ordinary

18.25%

14.19%

SBERPS

Sberbank, preferred

1.72%

1.34%

LKOHS

LUKOIL, ordinary

17.33%

13.47%

GMKNS

NORILSK NICKEL, ordinary

10.89%

8.46%

ROSNS

Rosneft, ordinary

8.27%

6.43%

SNGSS

Surgutneftegas, ordinary

5.49%

4.27%

SNGSPS

Surgutneftegas, preferred

1.69%

1.32%

VTBRS

VTB Bank, ordinary

4.81%

3.75%

URKAS

Uralkali, ordinary

4.68%

3.64%

HYDRS

RusHydro, ordinary

2.65%

2.06%

FEESS

FGS UES, ordinary

2.19%

1.71 %

CHMFS

Severstal, ordinary

2.13%

1.66%

TRNFPS

Transneft, preferred

1.51%

1.17%

Total

 

100.00%

77.75%

Second-tier stocks

For the week of July 25 - 29, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index gained 1.22% to reach 2,285.87 points (2,258.28 points as of July 22, 2011). At the end of the week the RTS-2 Index was 3.71% higher than a month ago (2,204.16 points as of June 29, 2011), and 32.85% higher than a year ago (1,720.66 points as of July 29, 2010).

16 constituents out of 58 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 45.43 points overall), whereas 13 instruments were pulling the index down (down 17.84 points). The price for 29 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "Polymetal" (plus 21.20 points), ordinary shares of JSC "INTER RAO UES" (plus 6.21 points) and ordinary shares of JSC "E ON Russia" (plus 5.45 points).

The negative impact was mainly due to the growing prices for ordinary shares of JSC "IDGC Holding" (down 7.10 points) and preferred shares of JSOC Bashneft (down 3.71 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (38.00%), followed by the metals & mining sector (18.22%) and the oil & gas sector (12.64%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: metals & mining (plus 19.51 points in total) and power (plus 9.77 points overall).

RTS Siberia Index

For the week of July 25 - 29, 2011 stocks constituting the RTS Siberia Index went up.

The RTS Siberia Index gained 2.35% to close at 926.96 points (905.68 points as of July 22, 2011). At the end of the week the RTS Siberia Index was 2.57% higher than a month ago (903.76 points as of June 29, 2011) and 14.47% higher than a year ago (809.76 points as of July 29, 2010).

Out of the 9 component stocks 4 were pushing the RTS Siberia Index up (plus 26.34 points). Three 3 were offsetting this positive impact (down 5.07 points). The price for 2 securities remained unchanged.

The positive effect leaders were ordinary shares of JSC "Irkutskenergo" (plus 11.58 points), ordinary shares of Southern Kuzbass Coal Company JSC (plus 6.73 points), and ordinary shares of JSC "RusHydro" (plus 4.20 points).

Most of the decline of the RTS Siberia Index was caused by ordinary shares of OJSC "MMC "NORILSK NICKEL (down 2.58 points).

The power sector accounted for 45.21% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metals & mining (39.60%) and oil & gas (15.19%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,965.02

-0.60%

3.72%

-3.06%

30.68%

RTS Standard Index

11,544.06

-1.18%

1.94%

-2.94%

17.77%

RTS-2 Index

2,285.87

1.22%

3.71%

-1.35%

32.85%

RTS Metals & Mining Index

366.83

1.00%

3.10%

-2.26%

42.73%

RTS Oil & Gas Index

228.21

-1.37%

4.10%

-5.48%

25.59%

RTS Consumer & Retail Index

453.53

0.57%

8.61%

2.95%

44.16%

RTS Industrial Index

211.62

-0.43%

2.72%

-9.23%

52.20%

RTS Finances Index

442.16

-0.40%

1.96%

-5.79%

22.37%

RTS Electric Utilities Index

254.57

1.08%

1.70%

-2.32%

3.75%

RTS Siberia Index

926.96

2.35%

2.57%

-3.54%

14.47%

Russian Volatility Index

23.02

0.35%

-3.84%

-5.14%

-24.52%

For the week the RTS Index lost 0.60% to reach 1,965.02 points (1,976.82 points as of July 22, 2011), the RTS Standard Index (blue chips index) shed 1.18% to end up at 11,544.06 points (11,681.50 points as of July 22, 2011).

The securities market drop down was accompanied by a higher volatility. The Russian Volatility Index (RTSVX) went up by 0.35% to close at 23.02 points (22.94 points as of July 22, 2011).

Last week most of the key economy sectors represented on the Russian stock market demonstrated a mixed trend. The largest decline was shown by the oil & gas sector. The RTS Oil & Gas Index fell 1.37%. The largest increase was demonstrated by the power and metals & mining sectors, with the RTS Electric Utilities Index and RTS Metals & Mining Index going up by 1.08% and 1.00% respectively.

The regional RTS Siberia Index gained 2.35%.

The US dollar appreciated by 1.14% against the Russian ruble to reach 27.59 rubles per US dollar (27.91 rubles as of July 22, 2011).