OREANDA-NEWS. November 18, 2011. For the week of November 7-11, 2011 the Russian stock market showed a decline of prices.

The RTS Index (RTSI) went down to 1,530.70 points (0.76%) from 1,542.39 points as of November 3, 2011. At the end of the week the RTS Index was 12.95% higher than a month ago (1,355.21 points as of October 11, 2011) and 6.06% lower than a year ago (1,629.37 points as of November 11, 2010).

Last week's drop on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down 1.37%.

The US dollar appreciated by 0.53% against the ruble.

Out of 49 RTSI constituents 21 were pulling the Index down (down 24.55 points overall), whereas 20 securities had a positive impact (plus 12.86 points in total). The price for eight securities remained unchanged.

The negative effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (down 6.92 points), OJSC Uralkali (down 5.72 points) and OAO "LUKOIL" (down 3.16 points).

The positive impact was mainly related to the growing prices for ordinary shares of "FGC UES ", JSC (plus 2.55 points).

Over 51.33% of the RTSI total capitalization was concentrated in the oil and gas sector. The other large-weight sectors were finance (17.84%) and metallurgy (11.00%).

On the sector level the major negative contributors were the metals & mining (down 10.68 points) and chemical sectors (down 5.63 points).

RTSI Futures Contracts

For the week of November 7-11, 2011 the trading volume in the RTSI derivatives amounted to 978.33 billion rubles or 10.49 million contracts. The turnover of futures contracts on the RTS Index made up 70.19% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.76%, December and March contracts shed 0.77% and 0.65% respectively.

At the end of the reviewed period RTSI linked futures closed below the spot. By the end of the week the December contracts were 9.10 points in backwardation. For March contracts backwardation stood at 21.25 points.

For the week investor's open interest measured in contracts increased by 16.09%.

The RTS Standard Index

For the week of November 7-11, 2011 the RTS Standard Index experienced a negative movement of prices.

The RTS Standard Index went down by 1.00% to 10,105.53 points (10,207.41 points as of November 3, 2011). At the end of the week the RTS Standard Index was9.21% higher than a month ago (9,253.00 points as of October 11, 2011) and 4.91% lower than a year ago (10,627.39 points as of November 11, 2010).

Out of 15 constituents seven had a negative impact on the RTS Standard Index (down 147.54 points overall). Eight securities moved positively (up 45.67 points).

The most negative impact was mainly due to the falling prices for ordinary shares of "OJSC "MMC "NORILSK NICKEL" (down 57.98 points), followed by OJSC Uralkali (down 48.19 points) and OAO "LUKOIL"(down 29.53 points).

The positive effect leaders were ordinary shares of "FGC UES ", JSC (plus 20.19 points).

Out of the blue chips the top fallers were ordinary shares of "OJSC "MMC "NORILSK NICKEL" that lost 6.53%, OJSC Uralkali that went down by 5.85% and JSC VTB Bank that shed 2.12%.

The oil & gas sector accounted for 55.20% of the RTS Standard Index' total capitalization. The other large-weight sectors were finance (22.08%) and metallurgy (10.39%).

Ticker

Stock

Weight in the TS Standard Index, %

Weight in the RTS Index, %

GAZPS

Gazprom, ordinary

20.10%

16.42%

LKOHS

LUKOIL, ordinary

16.43%

13.42%

SBERS

Sberbank, ordinary

15.55%

12.70%

SBERPS

Sberbank, preferred

1.43%

1.16%

GMKNS

NORILSK NICKEL, ordinary

8.22%

6.71%

ROSNS

Rosneft,D ordinary

7.74%

6.32%

URKAS

Uralkali, ordinary

7.67%

6.27%

SNGSS

Surgutneftegas, ordinary

5.44%

4.45%

SNGSPS

Surgutneftegas, preferred

1.84%

1.50%

VTBRS

VTB Bank, ordinary

4.19%

3.42%

RTKMS

Rostelecom, ordinary

4.12%

3.36%

HYDRS

RusHydro, ordinary

2.27%

1.86%

FEESS

FGS UES, ordinary

1.88%

1.53%

CHMFS

Severstal, ordinary

1.75%

1.43%

TRNFPS

Transneft, preferred

1.38%

1.13%

Total

 

100.00%

81.68%

Second-tier stocks

For the week of November 7-11, 2011 the second tier stocks market demonstrated negative dynamics.

Over the reviewed period the RTS-2 Index lost 0.75% to reach 1,707.82 points (1,720.64 points as of November 3, 2011). At the end of the week the RTS-2 Index was 11.78% higher than a month ago (1,527.81 points as of October 11, 2011), and 114.36% lower than a year ago (1,994.18 points as of November 11, 2010).

18 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 27.95 points overall), nine instruments pulled the Index upwards (up 15.12 points). The price for 30 securities remained unchanged.

Most of the negative effect was related to the falling prices for ordinary shares of JSC "INTER RAO UES" (down 11.34 points), followed by JSC "Aeroflot" (down 2.27 points) and Synergy, Co (down 2.11 points).

The positive effect leaders were ordinary of "Bank "Saint-Petersburg" OJSC (plus 4.22 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (43.55%), followed by the oil & gas sector (16.29%) and consumer & retail sector (9.88%).

Most of the RTS-2 Index drop was due to the negative contributions by the securities of the following sectors: power (down 5.44 points) and consumer & retail (down 4.06 points).

RTS Siberia Index

For the week of November 7-11, 2011 stocks constituting the RTS Siberia Index experienced a negative trend.

The RTS Siberia Index lost 0.95% to close at 706.73 points (713.53 points as of November 3, 2011). At the end of the week the RTS Siberia Index was 7.68% higher than a month ago (656.30 points as of October 11, 2011) and 21.18% lower than a year ago (896.67 points as of November 11, 2010).

Out of the 10 component stocks three were moving the RTS Siberia Index down (down 8.21 points), while one security moved positively (plus 1.41 points). The price for six securities remained unchanged.

The negative effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (down 6.79 points), OAO Raspadskaya (down 0.74 points) and OJSC "Kuzbasskaya Toplivnaya Company" (down 0.68 points).

The positive effect leaders were ordinary shares JSC "RusHydro" (plus 1.41 points).

The power sector accounted for 45.82% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (34.58%) and oil & gas (19.59%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,530.70

-0.76%

12.95%

-0.92%

-6.06%

RTS Standard Index

10,105.53

-1.00%

9.21%

4.32%

-4.91%

RTS-2 Index

1,707.82

-0.75%

11.78%

-5.57%

-14.36%

RTS Metals & Mining Index

244.93

-5.49%

4.03%

-14.36%

-19.35%

RTS Oil & Gas Index

196.44

0.69%

15.87%

8.30%

4.91%

RTS Consumer & Retail Index

315.43

-4.07%

14.21%

-7.12%

-12.43%

RTS Industrial Index

144.82

-2.77%

1.74%

-20.09%

-20.42%

RTS Finances Index

312.60

-0.37%

13.35%

-12.61%

-25.27%

RTS Electric Utilities Index

191.80

2.43%

17.95%

0.35%

-27.46%

RTS Siberia Index

706.73

-0.95%

7.68%

-14.98%

-21.18%

Russian Volatility Index

46.26

-1.37%

-12.60%

-28.37%

88.49%

The RTS Index went down by 0.76% to reach 1,530.70 points (1,542.39 points as of November 3, 2011). The RTS Standard Index, the blue chips index, lost 1.00% to reach 10,105.53 points (10,207.41 points as of November 3, 2011).

Last week's drop on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 1.37% to reach 46.26 points (46.90 points as of November 3, 2011). Last week almost all key economy sectors represented on the Russian stock market demonstrated a negative trend. The largest downturn was reported by the metals & mining sector, with the RTS Metals & Mining Index falling by 5.49%. A significant decrease was also shown by the consumer & retail and industrial sectors, with the RTS Consumer & Retail Index and RTS Industrial Index going down by 4.07% and 2.77% respectively. The growth was shown only by the power and oil & gas sectors, with the RTS Electric Utilities Index and RTS Oil & Gas Index going up by 2.43% and 0.69% respectively. The regional index, RTS Siberia Index, lost 0.95%.

The US dollar appreciated by 0.53% against the ruble to reach 30.85 rubles per US dollar (30.68 rubles as of November 3, 2011).