OREANDA-NEWS. On 20 August 2009 was announced, that for the week of August 3 – August 7, 2009 the Russian stock market experienced an upturn in prices.

The RTS Index (RTSI) went up to 1,080.08 points (6.15%) from 1,017.47 points as of July 31, 2009. By the end of the week the RTS Index was 16.88% higher than a month ago (924.11 points as of July 7, 2009) and 48.26% lower than a year ago (1,842.58 points as of August 7, 2008).

Over the week the US dollar lost 1.81% against the Russian rouble.

Out of 50 RTSI constituents 33 were pushing the Index upwards (plus 64.095 points overall), however, 3 securities behaved negatively (minus 1.491 points overall). The price for 14 securities remained unchanged.

Most of the positive impact was coming from the growing prices for Sberbank ordinary shares (plus 12.02 points), Gazprom ordinary shares (plus 11.98 points) and ordinary shares of OJSC "OC "Rosneft" (plus 7.86 points).

The negative impact was mainly related to the falling prices for Surgutneftegas privileged shares (minus 1.34 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 (16.71%) and metallurgy (11.05%).

On the sector level the major positive contributors were the oil & gas sector (plus 32.26 points overall), the banks & finance sector (plus 12.17 points overall) and the metals & mining sector (plus 8.83 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 228.3 billion roubles or 3.43 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 70.63% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 6.15%, September contracts (RTS-09.09) and December contracts (RTS-12.09) went up by 6.88% and 6.67% respectively.

Last week RTSI linked futures were trading near the spot. By the end of the reviewed period September and December contracts shifted into backwardation closing 3.06 points and 5.06 points respectively below the major stock market benchmark.

Throughout the week investor’s open interest was mainly concentrated on September contracts. The total number of open positions measured in contracts decreased by 1.30%.

Second-tier stocks

For the week of August 3 – August 7, 2009 the second tier stocks market also demonstrated a positive trend.

Over the reviewed period the RTS-2 Index went up by 3.85% to 927.45 points (893.06 points as of July 31, 2009). At the end of the week the RTS-2 Index was 8.62% higher than a month ago (853.38 points as of July 7, 2009), and 56.56% lower than a year ago (2,234.8 points as of August 7, 2008).

37 constituents out of 72 stocks on the basis of which the RTS-2 Index is calculated were pushing the Index upwards (plus 36.09 points overall). However, 6 instruments behaved negatively (minus 1.69 points). The price for 29 securities remained unchanged.

Most of the positive impact was related to the growing prices for ordinary shares of PJSC "NCSP" (plus 4.73 points), JSC "OGK-4" (plus 3.51 points) and JSC "Salavatnefteorgsintez" (plus 2.66 points).

The negative push was mainly related to ordinary shares of FESCO (minus 0.81 points) and OJSC Sibirtelekom (minus 0.59 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 (16.0%) and the metals & mining sector (13.0%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 7.89 points in total), metals & mining (plus 5.01 points in total) and consumer goods & trading (plus 4.77 points overall).

The RTS family of indices

 

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Year

RTS Index

1080.08

6.15%

16.88%

14.62%

-41.38%

RTS-2 Index

927.45

3.85%

8.62%

31.06%

-56.56%

RTS – Oil & Gas

155.78

5.52%

18.03%

5.86%

-37.18%

RTS – Consumer & Retail

163.07

3.20%

6.65%

10.78%

-45.09%

RTS – Metals & Mining

170.78

8.18%

16.28%

21.86%

-43.14%

RTS – Industrial

83.24

7.80%

16.71%

25.08%

-75.49%

RTS – Electric Utilities

147.98

7.53%

4.82%

29.27%

-49.25%

RTS – Telecom

122.01

0.74%

8.96%

9.18%

-50.11%

RTS – Financials

230.98

4.16%

11.88%

30.21%

-59.17%

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

The US dollar lost 1.81% against the Russian rouble to 31.18 roubles per US dollar.

The metals & mining sector experienced the largest growth. The RTS Index – Metals & Mining went up by 8.18%. A significant increase was demonstrated by the industrial and power sectors, with the corresponding indices going up by 7.80% and 7.53% respectively.

The slightest growth was shown by the telecom sector. The RTS Index – Telecom went up by 0.74%.