OREANDA-NEWS. November 7, 2011. For the week of October 24-28, 2011 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,610.32 points (10.54%) from 1,456.73 points as of October 21, 2011. At the end of the week the RTS Index was 17.77% higher than a month ago (1,367.37 points as of September 28, 2011) and 1.70% lower than a year ago (1,583.44 points as of October 28, 2010).

Growth on the stock market was accompanied by a decrease of volatility levels when the Russian Volatility Index RTSVX went down by 13.19%.

Over the week the US dollar lost 3.62% against the Russian ruble.

Out of 50 RTSI constituents 42 were pushing the Index upwards (plus 156.17 points overall), whereas one security behaved negatively (down 2.59 points in total), price for seven securities remained unchanged.

The positive effect leaders were ordinary shares of Gazprom (plus 37.47 points), Sberbank (plus 18.00 points) and Rosneft (plus 15.41 points).

The negative impact was mainly related to the falling prices for ordinary shares of "OJSC         "MMC   "NORILSK NICKEL" (down 2.59 points).

In the oil and gas sector 50.10% of the RTSI total capitalization was concentrated. The other large-weight sectors were finance (18.22%) and metals & mining (11.71%).

On the sector level the major positive contributors were the oil & gas (plus 86.46 points in total) and financial sectors (plus 26.96 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 894.07 billion rubles or 9.63 million contracts. Futures contracts on the RTS Index made up 68.16% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 10.54%, December contracts went up by 11.61% by the settlement date and March contracts grew by 11.38%.

During the reviewed period RTSI linked futures were trading below the spot. By the end of the week December contracts were 2.62 points in backwardation, while for March contracts backwardation stood at 24.32 points.

For the week the total investor's open interest measured in contracts decreased by 15.22%.

The RTS Standard Index

For the week of October 24-28, 2011 the ruble RTS Standard Index showed a positive trend.

The RTS Standard Index went up by 5.88% to 10,401.11 points (9,823.66 points as of October 21, 2011). At the end of the week the RTS Standard Index was 11.01% higher than a month ago (9,369.48 points as of September 28, 2011) and 0.45% higher than a year ago (10,354.33 points as of October 28, 2010).

Out of 15 constituents 14 had a positive impact on the RTS Standard Index (up 642.06 points overall). One security moved negatively (down 64.61 points).

The positive effect leaders were ordinary shares of Gazprom (plus 212.61 points), Rosneft (plus 89.34 points) and OJSC Uralkali (plus 78.45 points).

Out of the blue chips the top risers were preferred shares of JSC "Transneft" that gained 19.66%, followed by ordinary shares of OAO Severstal and Rosneft that went up by 15.38% and 12.46% respectively.

The oil & gas sector accounted for 54.07% of the RTS Standard Index' total capitalization. The other large- weight sectors were financial (22.47%) and metals (10.95%).

Ticker

Stock

Weight in the RTS Standart Index, %

Weight in the RTS Index, %

GAZPS

Gazprom. ordinary

19.72%

16.17%

LKOHS

LUKOIL. ordinary

16.24%

13.31%

SBERS

Sberbank. ordinary

15.98%

13.11%

SBERPS

Sberbank. preferred

1.39%

1.14%

GMKNS

NORILSK NICKEL. ordinary

8.85%

7.26%

URKAS

Uralkali. ordinary

8.22%

6.74%

ROSNS

Rosneft. Ѓ  ordinary

7.76%

6.36%

SNGSS

Surgutneftegas. ordinary

5.10%

4.18%

SNGSPS

Surgutneftegas. preferred

1.75%

1.43%

VTBRS

VTB Bank. ordinary

4.19%

3.43%

RTKMS

Rostelecom. ordinary

4.01 %

3.29%

HYDRS

RusHydro. ordinary

2.16%

1.77%

CHMFS

Severstal. ordinary

1.66%

1.36%

FEESS

FGS UES. ordinary

1.63%

1.34%

TRNFPS

Transneft. preferred

1.34%

1.10%

Total

 

100.00%

82.01%

Second-tier stocks

For the week of October 24-28, 2011 the second tier stocks market demonstrated positive dynamics.

Over the reviewed period the RTS-2 Index added 6.74% to reach 1,759.55 points (1,648.40 points as of October 21, 2011). At the end of the week the RTS-2 Index was 10.24% higher than a month ago (1,596.11 points as of September 28, 2011), and 11.66% lower than a year ago (1,991.81 points as of October 28, 2010).

34 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 112.18 points overall), one instrument pulled the Index downwards (down 1.03 points). The price for 23 securities remained unchanged.

Most of the positive effect was related to the rising prices for preferred shares of JSOC Bashneft (plus 13.08 points), JSC "INTER RAO UES" (plus 11.34 points) and OAO Raspadskaya (plus 10.13 points).

The negative effect leaders were ordinary shares of JSC "TGC-5" (down 1.03 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (43.15%), followed by the oil & gas sector (16.50%) and consumer sector (9.83%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 36.70 points) and oil & gas (plus 21.92 points).

RTS Siberia Index

For the week of October 24-28, 2011 stocks constituting the RTS Siberia Index experienced a positive trend.

The RTS Siberia Index added 5.31% to close at 722.08 points (685.65 points as of October 21, 2011). At the end of the week the RTS Siberia Index was 5.17% lower than a month ago (761.47 points as of September 28, 2011) and 19.03% lower than a year ago (891.82 points as of October 28, 2010).

Out of the 10 component stocks five were moving the RTS Siberia Index up (plus 46.59 points), while two securities moved negatively (down 10.15 points). The price for three securities remained unchanged.

The positive effect leaders were ordinary shares of JSC Gazprom Neft (plus 21.63 points) and OAO Raspadskaya (plus 15.26 points).

The negative effect leaders were ordinary shares of "OJSC "MMC "NORILSK NICKEL" (down 7.57 points) and Southern Kuzbass Coal Company OAO (down 2.58 points).

The power sector accounted for 43.86% of the RTS Siberia Index' total capitalization. The other large-weight sectors were metals & mining (36.96%) and oil & gas (19.18%).

The RTS family of indices

Index

Last Value

Change over (Period), %

Week

Month

Quarter

Year

RTS Index

1,610.32

10.54%

17.77%

-18.88%

1.70%

RTS Standard Index

10,401.11

5.88%

11.01%

-10.65%

0.45%

RTS-2 Index

1,759.55

6.74%

10.24%

-22.89%

-11.66%

RTS Metals & Mining Index

269.43

8.98%

10.14%

-26.75%

-6.83%

RTS Oil & Gas Index

201.19

11.87%

20.60%

-13.07%

10.95%

RTS Consumer & Retail Index

338.78

11.50%

13.90%

-25.05%

-5.23%

RTS Industrial Index

149.61

6.93%

0.41%

-29.52%

-14.19%

RTS Finances Index

328.92

9.29%

12.72%

-26.20%

-20.11%

RTS Electric Utilities Index

190.93

7.54%

17.57%

-24.56%

-27.94%

RTS Siberia Index

722.08

5.31%

-5.17%

-20.80%

-19.03%

Russian Volatility Index

43.51

-13.19%

-24.23%

79.42%

102.96%

Over the week of October 24-28, 2011, the RTS Index went up by 10.54% to reach 1,610.32 points (1,456.73 points as of October 21, 2011). The RTS Standard Index, the blue chips index, gained 5.88% to reach 10,401.11 points (9,823.66 points as of October 21, 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 13.19% to reach 43.51 points (50.12 points as of October 21, 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 oil & gas sector, with the RTS Oil & Gas Index adding 11.87%. In addition, a significant growth was showed by the consumer & retail and finance sectors, with the RTS Consumer & Retail Index and RTS Finances Index going up by 11.50% and 9.29% respectively.

The regional index, RTS Siberia Index, added 5.31%.

Last week the US dollar depreciated by 3.62% against the ruble to reach 30.24 rubles per US dollar (31.38 rubles as of October 21, 2011).