RTS Announced Index Weekly Wrap up (31 October - 3 November, 2011)

OREANDA-NEWS. November 14, 2011. For the week of October 31 - November 3, 2011 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,542.39 points (4.22%) from 1,610.32 points as of October 28, 2011. At the end of the week the RTS Index was 19.41% higher than a month ago (1,291.70 points as of October 3, 2011) and 3.75% lower than a year ago (1,602.53 points as of November 3, 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 7.79%.

The US dollar appreciated by 1.46% against the ruble.

Out of 49 RTSI constituents 35 were pulling the Index down (down 69.37 points overall), whereas eight securities had a positive impact (plus 1.45 points in total). The price for six securities remained unchanged.

The negative effect leaders were ordinary shares of Sberbank (down 16.94 points), Gazprom (down 9.97 points) and "OJSC "MMC "NORILSK NICKEL" (down 7.22 points).

The positive impact was mainly related to the growing prices for ordinary shares of OJSC TNK-BP Holding (plus 0.76 points).

Over 50.68% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (17.74%) and metallurgy (11.61%).

On the sector level the major negative contributors were the oil & gas (down 25.20 points) and finance sectors (down 19.86 points).

RTSI Futures Contracts

For the week of October 31 - November 3, 2011 the trading volume in the RTSI derivatives amounted to 772.97 billion rubles or 8.36 million contracts. The turnover of futures contracts on the RTS Index made up 69.00% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 4.22%, December and March contracts shed 4.62% and 4.20% respectively.

At the end of the reviewed period RTSI linked futures closed above the spot. By the end of the week the December contracts were 9.04 points in backwardation. For March contracts backwardation stood at 22.99 points.

For the week investor's open interest measured in contracts decreased by 12.35%.

The RTS Standard Index

For the week of October 31 - November 3, 2011 the RTS Standard Index experienced a negative movement of prices.

The RTS Standard Index went down by 1.86% to 10,207.41 points (10,401.11 points as of October 28, 2011). At the end of the week the RTS Standard Index was12.48% higher than a month ago (9,074.98 points as of October 3, 2011) and 3.38% lower than a year ago (10,564.25 points as of November 3, 2010).

Out of 15 constituents nine had a negative impact on the RTS Standard Index (down 209.29 points overall). Six securities moved positively (up 15.59 points). The most negative impact was mainly due to the falling prices for ordinary shares of Sberbank (down 89.63 points), followed by "OJSC "MMC "NORILSK NICKEL" (down 32.43 points) and (down 31.95 points).

The positive effect leaders were ordinary shares of "Surgutneftegas" OJSC (plus 6.58 points). Out of the blue chips the top fallers were ordinary shares of Sberbank that lost 5.39%, OJSC Uralkali that went down by 3.74% and "OJSC "MMC "NORILSK NICKEL" that shed 3.52%.

The oil & gas sector accounted for 54.77% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (21.94%) and metallurgy (10.85%).

For the week of October 31 - November 3, 2011 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 2.21% to reach 1,720.64 points (1,759.55 points as of October 28, 2011). At the end of the week the RTS-2 Index was 12.72% higher than a month ago (1,526.42 points as of October 3, 2011), and 13.35% lower than a year ago (1,985.67 points as of November 3, 2010).

22 constituents out of 57 stocks on the basis of which the RTS-2 Index is calculated had a negative impact on the RTS-2 Index (down 45.33 points overall), nine instruments pulled the Index upwards (up 6.42 points). The price for 26 securities remained unchanged.

Most of the negative effect was related to the falling prices for preferred shares of JSOC Bashneft (down 6.56 points), followed by ordinary shares of OAO Raspadskaya (down 6.47 points) and JSC "INTER RAO UES" (down 6.30 points).

The positive effect leaders were ordinary of Open Joint-Stock Company "DIXY GROUP" (plus 2.33 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (43.54%), followed by the oil & gas sector (16.22%) and consumer & retail sector (10.04%).

Second-tier stocks

Most of the RTS-2 Index drop was due to the negative contributions by the securities of the following sectors: oil & gas (down 11.15 points) and power (down 9.99 points).

RTS Siberia Index

For the week of October 31 - November 3, 2011 stocks constituting the RTS Siberia Index experienced a negative trend.

The RTS Siberia Index lost 1.18% to close at 713.53 points (722.08 points as of October 28, 2011). At the end of the week the RTS Siberia Index was 1.89% higher than a month ago (700.30 points as of October 3, 2011) and 19.43% lower than a year ago (885.61 points as of November 3, 2010).

Out of the 10 component stocks two were moving the RTS Siberia Index down (down 14.24 points), while three securities moved positively (plus 5.69 points). The price for five securities remained unchanged.

The negative effect leaders were ordinary shares of OAO Raspadskaya (down 10.44 points) and "OJSC "MMC "NORILSK NICKEL" (down 3.80 points).

The positive effect leaders were ordinary shares of JSC "WGC-3" (plus 4.46 points) and JSC "RusHydro" (plus 1.21 points).

The power sector accounted for 45.22% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (35.36%) and oil & gas (19.42%).The RTS family of indices

Over the week of October 31- November 3, 2011, the RTS Index went down by 4.22% to reach 1,542.39 points (1,610.32 points as of October 28, 2011). The RTS Standard Index, the blue chips index, lost 1.86% to reach 10,207.41 points (10,401.11 points as of October 28, 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 7.79% to reach 46.90 points (43.51 points as of October 28, 2011).

Last week all 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 falling by 4.61%. A significant decrease was also shown by the metals & mining and oil & gas sectors, with the RTS Metals & Mining Index and RTS Oil & Gas Index going down by 3.81% and 3.03% respectively.

The regional index, RTS Siberia Index, lost 1. 18%.

The US dollar appreciated by 1.46% against the ruble to reach 30.68 rubles per US dollar (30.24 rubles as of October 28, 2011).