OREANDA-NEWS. October 10, 2011. For the week of September 26-30, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,341.09 points (1,91%) from 1,315.95 points as of September 23, 2011. At the end of the week the RTS Index was 19.33% lower than a month ago (1,662.35 points as of August 30, 2011) and 11.05% higher than a year ago (1,507.66 points as of September 30, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 10.04%.

Over the week the US dollar lost 0.11% against the Russian ruble.

Out of 50 RTSI constituents 22 were pushing the Index upwards (plus 40.06 points overall), whereas 17 securities behaved negatively (down 14.92 points in total), price for eleven securities remained unchanged.

The positive effect leaders were ordinary shares of OJSC "MMC "NORILSK NICKEL" (plus 11.35points), OAO "LUKOIL" (plus 9.95 points) and Gazprom (plus 5.16 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC Uralkali (down 5.23 points).

In the oil and gas sector 48.83% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (16.90%) and metals & mining (14.63%).

On the sector level the major positive contributors were the oil & gas (plus 24.11 points in total) and metallurgy sectors (plus 5.80 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 830.11 billion rubles or 9.69 million contracts. Futures contracts on the RTS Index made up 65.47% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 1.91%, December contracts went up by 2.01% and March contracts grew by 2.20%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week December contracts were 22.99 points in backwardation, while for March contracts backwardation stood at 29.29 points.

For the week the total investor's open interest measured in the contracts decreased by 7.15%.

The RTS Standard Index

For the week of September 26-30, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 3.19% to 9,303.84 points (9,015.98 points as of September 23, 2011). At the end of the week the RTS Standard Index was 9.85% lower than a month ago (10,319.90 points as of August 30, 2011) and 4.83% lower than a year ago (9,776.44 points as of September 30, 2010).

Out of 14 RTS Standard Index constituents ten were pushing the Index upwards (plus 343.38 points overall), whereas five securities behaved negatively (down 55.53 points).

The positive effect leaders were ordinary shares of OJSC "MMC "NORILSK NICKEL" (plus 103.57 points), OAO "LUKOIL" (plus 94.39 points) and Gazprom (plus 54.04 points).

The negative impact was mainly related to the falling prices for ordinary shares of OJSC Uralkali (down 41.14 points).

Out of the blue chips the top risers were ordinary shares of OJSC "MMC "NORILSK NICKEL" that gained 10.92%, followed by "Surgutneftegas" OJSC and OAO "LUKOIL" that went up by 7.71% and 6.39% respectively.

The oil & gas sector accounted for 53.73% of the RTS Standard Index' total capitalization. The other large- weight sectors were finance (21.22%) and metallurgy (13.29%).

Ticker

Stock

Weight in the RTS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

18.58%

14.90%

LKOHS

LUKOIL, ordinary

16.88%

13.53%

SBERS

Sberbank, ordinary

14.76%

11.83%

SBERPS

Sberbank, preferred

1.32%

1.06%

GMKNS

NORILSK NICKEL, ordinary

11.31%

9.06%

URKAS

Uralkali, ordinary

7.51%

6.02%

ROSNS

Rosneft, Ѓ  ordinary

7.32%

5.87%

SNGSS

Surgutneftegas, ordinary

5.63%

4.51 %

SNGSPS

Surgutneftegas, preferred

1.80%

1.45%

RTKMS

Rostelecom, ordinary

4.25%

3.41 %

VTBRS

VTB Bank, ordinary

4.24%

3.40%

HYDRS

RusHydro, ordinary

2.22%

1.78%

FEESS

FGS UES, ordinary

1.54%

1.23%

CHMFS

Severstal, ordinary

1.41%

1.13%

TRNFPS

Transneft, preferred

1.23%

0.98%

Total

 

100.00%

80.16%

Second-tier stocks

For the week of September 26-30, 2011 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 3.15% to reach 1,562.11 points (1,612.93 points as of September 23, 2011). At the end of the week the RTS-2 Index was 18.02% lower than a month ago (1,905.41 points as of August 30, 2011), and19.99% lower than a year ago (1,952.39 points as of September 30, 2010).

16 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 61.06 points overall), 12 instruments pulled the Index upwards (plus 10.25 points). The price for 30 securities remained unchanged.

The negative effect leaders were ordinary shares of JSC "Polymetal" (down 27.38 points), JSC "Irkutskenergo" (down 8.43 points) and "IDGC of Centre, JSC" (down 5.60 points).

Most of the positive effect was related to the rising prices for ordinary shares of OAO Raspadskaya (plus 2.07 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (38.10%), followed by the metallurgy sector (17.98%) and oil & gas sector (13.29%).

Most of the RTS-2 Index drop was due to the negative contributions by the securities of the following sectors: metallurgy (down 24.87 points) and power (down 21.78 points).

RTS Siberia Index

For the week of September 26-30, 2011 stocks constituting the RTS Siberia Index experienced a negative trend.

The RTS Siberia Index lost 2.15% to close at 734.98 points (751.16 points as of September 23, 2011). At the end of the week the RTS Siberia Index was 12.06% lower than a month ago (835.74 points as of August 30, 2011) and 14.80% lower than a year ago (862.67 points as of September 30, 2010).

Out of the 9 component stocks six were moving the RTS Siberia Index down (down 32.46 points). Two securities moved positively (plus 16.28 points). The price for two securities remained unchanged.

The negative effect leaders were ordinary shares of JSC "Irkutskenergo"(down 23.19 points), JSC Gazprom Neft (down 3.85 points) and JSC "TGK-11" (down 2.33 points).

The positive effect leaders were ordinary shares of OJSC "MMC "NORILSK NICKEL" (plus 12.13 points) and OAO Raspadskaya (plus 4.15 points).

The power sector accounted for 44.11% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (38.04%) and oil & gas (17.85%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,341.09

1.91%

-19.33%

-29.67%

-11.05%

RTS Standard Index

9,303.84

3.19%

-9.85%

-18.11%

-4.83%

RTS-2 Index

1,562.11

-3.15%

-18.02%

-29.19%

-19.99%

RTS Metals & Mining Index

237.80

-2.38%

-22.48%

-33.43%

-14.76%

RTS Oil & Gas Index

166.10

3.69%

-16.19%

-24.94%

-6.39%

RTS Consumer & Retail Index

288.30

-2.07%

-15.65%

-31.40%

-13.29%

RTS Industrial Index

149.00

0.00%

-18.26%

-28.32%

-13.44%

RTS Finances Index

288.37

-0.46%

-20.70%

-33.93%

-22.92%

RTS Electric Utilities Index

160.98

-1.93%

-21.49%

-34.77%

-38.39%

RTS Siberia Index

734.98

-2.15%

-12.06%

-18.17%

-14.80%

Russian Volatility Index

57.27

-10.04%

29.48%

151.63%

120.57%

The RTS Index went up by 1.91% to reach 1,341.09 points (1,315.95 points as of September 23, 2011). The RTS Standard Index, the blue chips index, gained 3.19% to reach 9,303.84 points (9,015.98 points as of September 23, 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 10.04% to reach 57.27 points (63.66 points as of September 23, 2011).

Despite the growing RTS Index last week all the key economy sectors represented on the Russian stock market demonstrated a negative trend. The largest decrease was reported by the metallurgy sector, with the RTS Metals & Mining Index lost 2.38%. In addition, a significant fall was showed by the consumer and power sectors, with the RTS Consumer & Retail Index and RTS Electric Utilities Index going down by 2.07% and 1.93% respectively. The largest growth was reported by the oil & gas sector, with the RTS Oil & Gas Index adding 3.69%.

The regional index, RTS Siberia Index, lost 2.15%.

Last week the US dollar depreciated by 0.11% against the ruble to reach 31.88 rubles per US dollar (31.91 rubles as of September 23, 2011).