OREANDA-NEWS. September 12, 2011. For the week of August 29 - September 2, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,657.25 points (3.83%) from 1,596.17 points as of August 26, 2011. At the end of the week the RTS Index was 15.80% lower than a month ago (1,968.14 points as of August 2, 2011) and 13.85% higher than a year ago (1,455.64 points as of September 2, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 22.44%.

Over the week the US dollar added 0.03% against the Russian ruble.

Out of 49 RTSI constituents 36 were pushing the Index upwards (plus 64.72 points overall), whereas five securities behaved negatively (down 3.63 points in total), price for eight securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 11.58 points), Rosneft (plus 10.23 points) and JSC "NOVATEK" (plus 4.68 points).

The negative impact was mainly related to the falling prices for ordinary shares of Gazprom (down 3.12 points).

In the oil and gas sector 49.61% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (18.66%) and metals & mining (16.06%).

On the sector level the major positive contributors were the oil & gas (plus 22.89 points in total) and finance sectors (plus 13.79 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 758.27 billion rubles or 7.92 million contracts. Futures contracts on the RTS Index made up 67.12% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 3.83%, September contracts went up by 3.36% by the settlement date and December contracts grew by 3.56%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week September contracts were 18.9 points in backwardation, while for December contracts backwardation stood at 28.25 points.

For the week the total investor's open interest measured in contracts increased by 1.75%.

The RTS Standard Index

For the week of August 29 - September 2, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 3.47% to 10,258.10 points (9,914.16 points as of August 26, 2011). At the end of the week the RTS Standard Index was 11.36% lower than a month ago (11,573.01 points as of August 2, 2011) and 6.76% higher than a year ago (9,608.14 points as of September 2, 2010).

Out of 14 RTS Standard Index constituents 12 were pushing the Index upwards (plus 360.20 points overall), whereas two securities behaved negatively (down 16.25 points).

The positive effect leaders were ordinary shares of Sberbank (plus 99.76 points), Rosneft (plus 85.34 points) and "OJSC "MMC "NORILSK NICKEL" (plus 36.43 points).

The negative impact was mainly related to the falling prices for ordinary shares of Gazprom (down 15.98 points).

Out of the blue chips the top risers were ordinary shares of Rosneft that gained 10.24%, followed by preferred shares of "Surgutneftegas" OJSC and ordinary shares of OJSC Uralkali that went up by 7.23% and 6.77% respectively.

The oil & gas sector accounted for 53.43% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (23.04%) and metallurgy (13.57%).

Ticker

Stock

Weight in the !TS Standari Index, %

Weight in the RTS Index, %

LKOHS

LUKOIL, ordinary

18.02%

14.03%

GAZPS

Gazprom, ordinary

17.77%

13.83%

SBERS

Sberbank, ordinary

16.63%

12.94%

SBERPS

Sberbank, preferred

1.62%

1.26%

GMKNS

NORILSK NICKEL, ordinary

11.63%

9.05%

ROSNS

Rosneft, Ѓ  ordinary

8.96%

6.97%

URKAS

Uralkali, ordinary

5.49%

4.28%

SNGSS

Surgutneftegas, ordinary

5.32%

4.14%

SNGSPS

Surgutneftegas, preferred

1.86%

1.45%

VTBRS

VTB Bank, ordinary

4.80%

3.73%

HYDRS

RusHydro, ordinary

2.63%

2.04%

CHMFS

Severstal, ordinary

1.94%

1.51 %

FEESS

FGS UES, ordinary

1.83%

1.43%

TRNFPS

Transneft, preferred

1.50%

1.17%

Total

 

100.00%

77.83%

Second-tier stocks

For the week of August 29 - September 2, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index added 4.15% to reach 1,941.00 points (1,863.63 points as of August 26, 2011). At the end of the week the RTS-2 Index was 15.53% lower than a month ago (2,297.93 points as of August 2, 2011), and 9.96% higher than a year ago (1,765.14 points as of September 2, 2010).

20 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 87.60 points overall), seven instruments pulled the Index downwards (down 10.23 points). The price for 31 securities remained unchanged.

Most of the positive effect was related to the rising prices for ordinary shares of JSC "Polymetal" (plus 15.90 points), JSC "INTER RAO UES" (plus 10.08 points) and JSOC Bashneft (plus 7.45 points). The negative effect leaders were ordinary shares of OAO "PROTEK" (down 3.39 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (37.08%), followed by the metallurgy sector (20.58%) and oil & gas sector (12.89%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: metallurgy (plus 24.78 points) and power (plus 20.47 points).

RTS Siberia Index

For the week of August 29 - September 2, 2011 stocks constituting the RTS Siberia Index experienced a positive trend.

The RTS Siberia Index added 1.42% to close at 834.55 points (822.89 points as of August 26, 2011). At the end of the week the RTS Siberia Index was 10.23% lower than a month ago (929.69 points as of August 2, 2011) and 0.01% lower than a year ago (834.61 points as of September 2, 2010).

Out of the 9 component stocks three were moving the RTS Siberia Index up (plus 16.26 points). Two securities moved negatively (down 4.59 points). The price for four securities remained unchanged.

The positive effect leaders were ordinary shares of JSC  Raspadskaya (plus 10.29 points), "OJSC "MMC "NORILSK NICKEL" (plus 4.17 points) and JSC "RusHydro" (plus 1.80 points).

The negative effect leaders were ordinary shares of JSC "WGC-3" (down 4.48 points) and JSC "TGK-11" (down 0.12 points).

The power sector accounted for 45.07% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (39.33%) and oil & gas (15.60%).

The RTS family of indices

Over the week of August 29 - September 2, 2011, the RTS Index went up by 3.83% to reach 1,657.25 points (1,596.17 points as of August 26, 2011). The RTS Standard Index, the blue chips index, gained 3.47% to reach 10,258.10 points (9,914.16 points as of August 26, 2011).

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 22.44% to reach 40.36 points (52.04 points as of August 26, 2011).

Last week all the key economy sectors represented on the Russian stock market demonstrated a positive trend. The largest growth was reported by the metallurgy sector, with the RTS Metals & Mining Index adding 4.27%. In addition, a significant growth was showed by oil & gas and power sectors, with the RTS Oil & Gas Index and RTS Electric Utilities Index going up by 3.38% and 3.03% respectively. A decline was reported only by the industrial sector, with the RTS Industrial Index losing 0.60%. The regional index, RTS Siberia Index, added 1.42%.

Last week the US dollar appreciated by 0.03% against the ruble to reach 28.89 rubles per US dollar (28.88 rubles as of August 26, 2011).