OREANDA-NEWS. August 25, 2011. For the week of August 15-19, 2011 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,575.33 points (1.21%) from 1,594.68 points as of August 12, 2011. At the end of the week the RTS Index was 18.22% lower than a month ago (1,926.23 points as of July 19, 2011) and 8.97% higher than a year ago (1,445.72 points as of August 19, 2010).

Last week's drop on the stock market was accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 3.69%.

The US dollar depreciated by 1.72% against the ruble.

Out of 49 RTSI constituents 21 were pulling the Index down (down 35.10 points overall), whereas 23 securities had a positive impact (plus 15.75 points in total). The price for five securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 16.88 points), "OJSC "MMC" NORILSK NICKEL" (down 4.88 points) and JSC VTB Bank (down 2.92 points).

The positive impact was mainly related to the growing prices for ordinary shares of JSC  "LUKOIL" (plus 2.78 points).

Over 50.04% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (18.77%) and metallurgy (15.81%).

On the sector level the major negative contributors were the finance (down 21.19 points) and metallurgy sectors (down 5.95 points).

RTSI Futures Contracts

For the week of August 15-19, 2011 the trading volume in the RTSI derivatives amounted to 934.46 billion rubles or 10.12 million contracts. The turnover of futures contracts on the RTS Index made up 66.39% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 1.21%, September contracts and December contracts shed 1.73% and 2.00% respectively.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 18.58 points in backwardation, while for December contracts backwardation stood at 26.98 points.

For the week investor's open interest measured in contracts increased by 6.35%.

The RTS Standard Index

For the week of August 15-19, 2011 the RTS Standard Index experienced negative movement of prices.

The RTS Standard Index went down by 2.29% to 9,701.21 points (9,928.28 points as of August 12, 2011). At the end of the week the RTS Standard Index was 15.75% lower than a month ago (11,514.69 points as of July 19, 2011) and 2.96% higher than a year ago (9,421.95 points as of August 19, 2010).

Out of 14 constituents 10 had a negative impact on the RTS Standard Index (down 264.34 points overall). Four securities moved positively (plus 37.27 points).

The most negative impact was mainly due to the falling prices for ordinary shares of Sberbank (down 142.19 points), "OJSC "MMC "NORILSK NICKEL" (down 44.17 points) and JSC VTB Bank (down 26.47 points).

Out of the blue chips the top fallers were ordinary and preferred shares of Sberbank that lost 8.02% and 6.72% respectively, followed by ordinary shares of JSC VTB Bank that went down by 5.52%.

The oil & gas sector accounted for 53.76% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (23.12%) and metallurgy (13.35%).

Ticker

Stock

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1 A A9.0/n

GAZPS

LKOHS

Gdzpium, uiuinaiy

LUKOIL, ordinary

1 8.62 % 18.21%

1 4. 48 %

14.16%

OBERO

Sberbank, ordinary

16.81%

13.07%

SBERPS

Sberbank, preferred

1.64%

1.27%

GMKNS

NORILSK NICKEL, ordinary

11.36%

8.83%

ROSNS

Rosneft, ordinary

8.32%

6.47%

SNGSS

Surgutneftegas, ordinary

5.32%

4.13%

SNGSPS

Surgutneftegas, preferred

1.84%

1.43%

URKAS

Uralkali, ordinary

5.21%

4.05%

VTBRS

VTB Bank, ordinary

4.67%

3.64%

HYDRS

RusHydro, ordinary

2.65%

2.06%

CHMFS

Severstal, ordinary

1.99%

1.55%

FEESS

FGS UES, ordinary

1.91 %

1.48%

TRNFPS

Transneft, preferred

1.46%

1.13%

Total

 

100.00%

77.77%

Second-tier stocks

For the week of August 15-19, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index added 2.09% to reach 1,875.33 points (1,836.93 points as of August 12, 2011). At the end of the week the RTS- 2 Index was 16.26% lower than a month ago (2,239.36 points as of July 19, 2011), and 5.36% higher than a year ago (1,779.99 points as of August 19, 2010).

21 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 65.12 points overall), whereas 16 securities instruments were offsetting this effect (down 26.71 points). The price for 21 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "E.ON Russia" (plus 13.64 points), JSC "Polymetal" (plus 11.78 points) and JSC "IDGC Holding" (plus 8.64 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "WGC-3" (down 6.34 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (37.75%), followed by the metallurgy sector (19.41%) and the oil and gas sector (12.56%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 22.76 points) and metallurgy (plus 12.62 points).

RTS Siberia Index

For the week of August 15-19, 2011 stocks constituting the RTS Siberia Index showed a negative movement.

The RTS Siberia Index went down by 2.34% to close at 831.54 points (851.42 points as of August 12, 2011). At the end of the week the RTS Siberia Index was 8.62% lower than a month ago (909.97 points as of July 19, 2011) and 2.66% lower than a year ago (854.29 points as of August 19, 2010).

Out of the nine component stocks four had a negative impact on the Index's dynamics (down 28.71 points). Two securities moved positively (plus 8.83 points). The price for three 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 21.19 points), "OJSC "MMC "NORILSK NICKEL" (down 5.05 points) and JSC "RusHydro" (down 1.80 points).

The positive effect had only ordinary shares of JSC  Raspadskaya (plus 4.60 points) and JSC Gazprom Neft (plus 4.23 points).

The power sector accounted for 45.17% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (38.23%) and oil & gas (16.60%).

The RTS family of indices

Index

Last

Value

Change over (Period), %

Week

Month

Quarter

Year

RTS Index

1,575.33

-1.21%

-18.22%

-15.27%

8.97%

RTS Standard Index

9,701.21

-2.29%

-15.75%

-12.37%

2.96%

RTS-2 Index

1,875.33

2.09%

-16.26%

-14.75%

5.36%

RTS Metals & Mining Index

290.72

-1.71%

-18.94%

-17.31%

12.64%

RTS Oil & Gas Index

187.75

0.61%

-15.49%

-13.19%

9.29%

RTS Consumer & Retail Index

337.53

-0.62%

-23.80%

-18.73%

3.07%

RTS Industrial Index

180.97

-0.14%

-15.04%

-13.32%

24.45%

RTS Finances Index

358.00

-3.24%

-18.37%

-18.35%

2.15%

RTS Electric Utilities Index

200.21

0.89%

-19.50%

-19.72%

-19.45%

RTS Siberia Index

831.54

-2.34%

-8.62%

-10.80%

-2.66%

Russian Volatility Index

55.61

3.69%

134.64%

108.97%

77.97%

The RTS Index went down by 1.21% to reach 1,575.33 points (1,594.68 points as of August 12, 2011). The RTS Standard Index, the blue chips index, lost 2.29% to reach 9,701.21 points (9,928.28 points as of August 12, 2011). The "second-tier" stock index - RTS-2 experienced an increase of 2.09% closing at 1,875.33 points (1,836.93 points as of August 12, 2011).

Last week's drop on the stock market was accompanied by an increase of volatility levels when the Russian Volatility Index RTSVX went up by 3.69% to reach 55.61 points (53.63 points as of August 12, 2011).

Last week most of the key economy sectors represented on the Russian stock market demonstrated a negative trend. The largest downturn was reported by the finance sector, with the RTS Finances Index decreasing by 3.24%. A significant decrease was also shown by the metallurgy and consumer sectors, with the RTS Metals & Mining Index and RTS Consumer & Retail Index going down by 1.71% and 0.62% respectively.

The regional index, RTS Siberia Index, lost 2.34%.

The US dollar depreciated by 1.72% against the ruble to reach 28.91 rubles per US dollar (29.42 rubles as of August 12, 2011).