OREANDA-NEWS. December 8, 2011. For the week of November 28 - December 2, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,545.57 points (9.37%) from 1,413.18 points as of November 25, 2011. At the end of the week the RTS Index was 1.27% higher than a month ago (1,526.19 points as of November 2, 2011) and 7.21% higher than a year ago (1,665.72 points as of December 2, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 19.26%.

Over the week the US dollar lost 1.87% against the Russian ruble.

Out of 49 RTSI constituents 42 were pushing the Index upwards (plus 132.45 points overall), whereas one security behaved negatively (down 0.07 points in total), price for six securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 30.22 points), Gazprom (plus 28.06 points) and OAO "LUKOIL" (plus 11.46 points).

The negative impact was mainly related to the falling prices for ordinary shares of JSC "OGK-2" (down 0.07 points).

In the oil and gas sector 50.90% of the RTSI total capitalization was concentrated. The other large-weight sectors were banks & finance (18.77%) and metals & mining (10.44%).

On the sector level the major positive contributors were the oil & gas (plus 65.16 points in total) and finance sectors (plus 40.21 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 885.97 billion rubles or 9.49 million contracts. Futures contracts on the RTS Index made up 68.79% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 9.37%, December contracts went up by 9.68% by the settlement date and March contracts grew by 9.83%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week December contracts were 2.77 points in backwardation, while for March contracts backwardation stood at 17.82 points.

For the week the total investor's open interest measured in contracts decreased by 12.20%.

The RTS Standard Index

For the week of November 28 - December 2, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 7.72% to 10,321.25 points (9,581.55 points as of November 25, 2011). At the end of the week the RTS Standard Index was 2.07% higher than a month ago (10,111.65 points as of November 2, 2011) and 7.18% lower than a year ago (11,120.12 points as of December 2, 2010).

Out of 15 RTS Standard Index constituents 14 were pushing the Index upwards (plus 742.28 points overall), whereas one security behaved negatively (down 2.58 points).

The positive effect leaders were ordinary shares of Sberbank (plus 214.06 points), Gazprom (plus 189.46 points) and OAO "LUKOIL" (plus 59.55 points).

The negative impact was mainly related to the falling prices for ordinary shares of OAO Severstal (down 2.58 points).

Out of the blue chips the top risers were preferred shares of Sberbank that gained 14.15%, followed by ordinary shares of Sberbank and JSC VTB Bank that went up by 14.02% and 13.02% respectively.

The oil & gas sector accounted for 54.93% of the RTS Standard Index' total capitalization. The other large- weight sectors were finance (23.33%) and metallurgy (9.77%).

Ticker

Stock

Weight in the RTS Standard Index,%

Weight in the RTS Index,%

 

GAZPS

Gazprom, ordinary

19.69%

16.07%

SBERS

Sberbank, ordinary

16.87%

13.77%

SBERPS

Sberbank, preferred

1.50%

1.22%

LKOHS

LUKOIL, ordinary

15.81%

12.90%

GMKNS

NORILSK NICKEL, ordinary

7.88%

6.43%

ROSNS

Rosneft, Ѓ  ordinary

7.74%

6.31%

URKAS

Uralkali, ordinary

7.25%

5.92%

SNGSS

Surgutneftegas, ordinary

5.73%

4.68%

SNGSPS

Surgutneftegas, preferred

1.99%

1.63%

RTKMS

Rostelecom, ordinary

4.09%

3.34%

VTBRS

VTB Bank, ordinary

4.01 %

3.27%

HYDRS

RusHydro, ordinary

2.28%

1.86%

FEESS

FGS UES, ordinary

1.96%

1.60%

TRNFPS

Transneft, preferred

1.72%

1.40%

CHMFS

Severstal, ordinary

1.48%

1.21%

Total

 

100.00%

81.60%

Second-tier stocks

For the week of November 28 - December 2, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index added 3.78% to reach 1,707.42 points (1,645.28 points as of November 25, 2011). At the end of the week the RTS-2 Index was 0.99% lower than a month ago (1,724.47 points as of November 2, 2011), and 18.09% lower than a year ago (2,084.62 points as of December 2, 2010).

25 constituents out of 57 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 65.59 points overall), six instruments pulled the Index downwards (down 3.45 points). The price for 26 securities remained unchanged.

Most of the positive effect was related to the rising prices for ordinary shares of JSC "INTER RAO UES"(plus 18.90 points), OAO Raspadskaya (plus 6.39 points) and "VSMPO-AVISMA Corporation" (plus 6.17 points).

The negative effect leaders were ordinary shares of JSC "CZP" (down 1.14 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (43.54%), followed by the oil & gas sector (15.43%) and consumer & retail sector (9.81%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 29.91 points) and metallurgy (plus 11.09 points).

RTS Siberia Index

For the week of November 28 - December 2, 2011 stocks constituting the RTS Siberia Index experienced a positive trend.

The RTS Siberia Index added 5.57% to close at 715.95 points (678.15 points as of November 25, 2011). At the end of the week the RTS Siberia Index was 1.14% lower than a month ago (707.88 points as of November 2, 2011) and 25.24% lower than a year ago (957.61 points as of December 2, 2010).

Out of the 10 component stocks five were moving the RTS Siberia Index up (plus 38.83 points). Two securities moved negatively (down 1.03 points). The price for three securities remained unchanged.

The positive effect leaders were ordinary shares of JSC Gazprom Neft (plus 14.85 points), OAO Raspadskaya (plus 9.82 points) and JSC "RusHydro" (plus 6.26 points).

The negative effect leaders were ordinary shares of JSC "Irkutskenergo" (down 0.92 points).

The power sector accounted for 43.76% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metallurgy (34.78%) and oil & gas (21.45%).

The RTS family of indices

Index

Last

Change over (Period), %

Value

Week

Month

Quarter

Year

RTS Index

1,545.57

9.37%

1.27%

-6.74%

-7.21%

RTS Standard Index

10,321.25

7.72%

2.07%

0.62%

-7.18%

RTS-2 Index

1,707.42

3.78%

-0.99%

-12.03%

-18.09%

RTS Metals & Mining Index

231.96

5.62%

-9.73%

-24.89%

-25.51%

RTS Oil & Gas Index

197.41

8.70%

2.09%

0.46%

4.50%

RTS Consumer & Retail Index

315.37

3.84%

-4.69%

-9.36%

-21.62%

RTS Industrial Index

137.67

0.72%

-7.57%

-23.47%

-30.20%

RTS Finances Index

305.30

10.59%

-1.60%

-15.73%

-27.20%

RTS Electric Utilities Index

194.57

6.84%

5.07%

-5.00%

-27.45%

RTS Siberia Index

715.95

5.57%

1.14%

-14.21%

-25.24%

Russian Volatility Index

43.40

-19.26%

-10.46%

7.53%

86.89%

Over the week of November 28 - December 2, 2011, the RTS Index went up by 9.37% to reach 1,545.57 points (1,413.18 points as of November 25, 2011). The RTS Standard Index, the blue chips index, gained 7.72% to reach 10,321.25 points (9,581.55 points as of November 25, 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 19.26% to reach 43.40 points (53.75 points as of November 25, 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 finance sector, with the RTS Finances Index adding 10.59%. In addition, a significant growth was showed by the oil & gas and power sectors, with the RTS Oil & Gas Index and RTS Electric Utilities Index going up by 8.70% and 6.84% respectively.

The regional index, RTS Siberia Index, added 5.57%.

Last week the US dollar depreciated by 1.87% against the ruble to reach 30.85 rubles per US dollar (31.44 rubles as of November 25, 2011).