OREANDA-NEWS. On 24 July 2009 was announced, that for the week of July 13 ЎV July 17, 2009 the Russian stock market experienced an upturn in prices.

The RTS Index (RTSI) went up to 925.00 points (10.75%) from 835.23 points as of July 10, 2009. By the end of the week the RTS Index was 10.92% lower than a month ago (1038.41 points as of June 17, 2009) and 58.40% lower than a year ago (2223.48 points as of July 17, 2008).

Over the week the Russian rouble gained 0.63% against the US dollar.

Out of 50 RTSI constituents 26 were pushing the Index upwards (plus 92.22 points overall), however, 13 securities behaved negatively (minus 2.46 points overall). The price for 11 securities remained unchanged.

Most of the positive impact was coming from the growing prices for Gazprom ordinary shares (plus 19.21 points), †п†б†п "LUKOIL"  ordinary shares (plus 18.69 points) and Sberbank ordinary shares (plus 14.02 points).

Most of the negative impact was related to the falling prices for ordinary shares of Mechel †п†б†п (minus 0.44 points).

Over 55% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were finance (15.70%) and metallurgy (10.96%).

On the sector level the major positive contributors were the oil and gas sector (plus 62.23 points overall), the banks & finance sector (plus 16.01 points overall) and the metals & mining sector (plus 8.57 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 162.09 billion roubles or 2.93 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 61.91% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 10.57%, September contracts (RTS-09.09) and December contracts (RTS-12.09) went up by 13.29% and 13.58% respectively.

Last week the RTS Index futures were trading below the spot. September contracts closed 10.33 points below the RTSI and December contracts were 4.13 points in backwardation by the end of the week.

Over the week investorЎ¦s open interest in the RTS Index futures measured in contracts increased by

RTS Index Weekly Wrap Up

(13 ЎV 17 July, 2009) Second-tier stocks

For the week of July 13 ЎV July 17, 2009 the second tier stocks market demonstrated a sideways trend.

Over the reviewed period the RTS-2 Index went down by 0.18% to 812.47 points (813.97 points as of July 10, 2009). At the end of the week the RTS-2 Index was 12.19% lower than a month ago (925.24 points as of June 17, 2009), and 66.66% lower than a year ago (2437.13 points as of July 17, 2008).

25 constituents out of 72 stocks on the basis of which the RTS-2 Index is calculated were pulling the Index downwards (minus 19.14 points overall). However, 16 instruments were offsetting the negative impact (plus 17.64 points). The price for 31 securities remained unchanged.

Most of the negative impact was related to the falling prices for ordinary shares of OJSC "Magnit"  (minus 2.98 points), JSC "OPIN"  (minus 2.50 points) and FESCO (minus 1.99 points).

The positive push was mainly related to ordinary shares of PJSC "NCSP"  (plus 7.09 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (24.1%), followed by the consumer goods & trading sector (15.84%) and the metals & mining sector (12.9%).

Most of the RTS-2 Index decline was due to the negative contributions by the securities of the following sectors: power (minus 2.92 points in total), banks & finance (minus 2.41 points in total) and metals & mining (minus 1.33 points overall).

The RTS family of indices

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Year

RTS Index

925

10.75%

-10.92%

10.83%

-58.40%

RTS - 2 Index

812.47

-0.18%

-12.19%

30.53%

-66.66%

RTS ЎV Oil & Gas

135.39

13.10%

-8.95%

4.37%

-54.72%

RTS ЎV Consumer & Retail

144.02

-1.13%

-12.27%

18.55%

-55.86%

RTS ЎV Metals & Mining

142.29

6.45%

-13.16%

12.77%

-61.36%

RTS ЎV Industrial

69.63

0.46%

-21.33%

24.12%

-81.81%

RTS ЎV Electric Utilities

127.22

1.29%

-20.78%

21.79%

-59.78%

RTS ЎV Telecom

111.6

2.90%

-11.65%

7.43%

-57.51%

RTS - Financials

196.84

3.18%

-12.57%

28.52%

-69.19%

Last week most key economy sectors represented on the Russian stock market demonstrated positive dynamics.

The US dollar lost 0.63% against the Russian rouble to 31.69 roubles per US dollar (31.89 roubles per US dollar as of July 10, 2009).

The oil & gas sector experienced the largest growth. The RTS Index ЎV Oil & Gas went up by 13.10%. A significant increase was demonstrated by the metals & mining sector and the financials sector, with the corresponding indices increasing by 6.45% and 3.18% respectively.

The largest decline was reported by the consumer & retail sector. The RTS Index ЎV Consumer & Retail went down by 1.13%.