OREANDA-NEWS. On 20 August 2009 was announced, that in July 2009 the Russian stock market showed mixed dynamics.

For the last month the RTS Index increased by 3.09% to 1017.47 points (987.02 points on 30 June). Besides, by the end of July RTSI was 48.26% lower compared to its closing level one year ago (1966.68 points on 31 July 2008). The U.S. Dollar gained 1.5% against the Ruble in July.

In July 2009, 29 stocks out of RTS total 50 constituents had positive impact on the Index (plus 52.91 index points), 17 securities moved negatively (minus 22.46 points), 4 securities didn't change in price.

The most positive impact was coming from the price increase of common shares of JSC Sberbank (plus 10.51 points), JSC Lukoil (plus 8.72 points), JSC Rosneft (plus 6.82 points).

The negative effect leaders were JSC Gazprom (minus 5.93 points), FEES (minus 4.15 points), and JSC Hydro (minus 3.11 points).

More than 50% of the RTSI total capitalization was concentrated in the Oil & Gas Sector. Among others large-weight sectors were Financials (16.54%) and Metallurgy (10.86%).

The largest contributors to the increase of RTSI in July were stocks in the Oil & Gas Sector (plus 16.22 points in total) and in the Financials Sector (plus 12.61 points).

RTSI Futures Contract

Trading in RTSI-linked derivatives amounted to RUR 780.6 billion or 13.4 million contracts in July 2009. Futures based on RTSI remained the most liquid derivative contracts making up 64.84% of the total FORTS (Futures and Options on the RTS) turnover in cash terms.

With RTSI increase of 3.09%, the September contracts (RTS-09.09) went up 4.80% and the December contracts (RTS-12.09) went up 4.20 % in price.

RTSI-based futures traded about the spot price during the month. By the time of execution, the September contracts fell 5.68 points behind the underlying asset. Backwardation for December futures contracts stood at 5.18 points.

Investor's open interest in the RTSI-based futures measured in contracts increased by 3.21% compared to the end of June.

Second-Tier Stocks

In June 2009 the second-tier shares showed multidirectional price dynamics.

The RTS-2 Index for the past month grew by 4.02% to 893.06 points (compared to 858.52 points on 30 June). As of the end of July RTS-2 was 60.35% lower compared to its closing level one year ago (2252.64 points on 31 July 2008).

Out of 72 constituent stocks on the RTS-2 Index, 38 had positive impact on its dynamics (plus 60.51 index points), 26 had negative impact (minus 25.97 points). The price of 13 stocks remained unchanged.

Most of the positive impact on the RTS-2 Index was coming from growing prices of common shares of JSC NMTP (plus 16.54 points), JSC Magnit (plus 6.21), and JSC Raspadskaya (plus 4.85).

Most of the negative impact on the RTS-2 Index was coming from declining prices of common shares of JSC Polimetall (minus 9.34 points), and JSC OPIN (minus 3.37).

In terms of weight in RTS-2 Index, the Power Industry was the largest (24.2%), followed by the Consumer Sector (16.1%) and the Metallurgy (12.9%).

The largest contributors to the growing RTS-2 in July were securities in the Water Transportation sector (plus 16.61 points in total), Telecommunications (plus 7.88 points), and Consumer Goods (plus 6.34 points).

The RTS Family of Indices

Index

Number of constituents

MC of constituent companies, USD mln

Combined MC,

float adjusted,

USD mln

Share of total MC, %

Total

Average

Max

†нin

RTS Index

50

466 412,4

9 328,2

120 024,7

229,1

87 727,3

85,6%

RTS-2 Index

72

53 365,6

741,2

3 404,7

46,9

10 921,6

9,8%

RTS Oil & Gas

12

294 464,9

24 538,7

120 024,7

180,0

48 615,4

54,1%

RTS ЎV Consumer & Retail

11

8 015,6

728,7

3 404,7

55,3

1 131,5

1,5%

RTS ЎV Metals & Mining

12

62 914,7

5 242,9

18 681,5

81,3

6 991,3

11,6%

RTS ЎV Industrials

10

3 120,0

312,0

796,9

47,9

484,3

0,6%

RTS ЎV Electric Utilities

15

35 185,8

2 345,7

8 849,0

369,1

5 999,9

6,5%

RTS ЎV Telecom

12

18 494,9

1 541,2

11 063,0

54,1

1 627,8

3,4%

RTS - Financials

9

44 519,4

4 946,6

29 574,1

113,7

1 298,7

8,2%

Practically all of the key sectors represented on the Russian stock market demonstrated positive dynamics.

The U.S. Dollar gained 1.50% against the Ruble in July, rising to RUR31.76/USD  (31.29 on 30 July).

The growth leader was the Industrial Sector, with RTS  Industry increasing by 6.78%. The Telecommunications Sector also grew significantly, with RTS Telecommunications rising by 4.25%.

The only considerable loss registered was in the Power Sector, with RTS Power shedding 5.97%.

Index

Last Value

Change Over (Period), %

Max

Min

Month

Quarter

Year

Value

Date

Value

Date

RTS Index

1 017,47

3,09%

22,16%

-48,26%

1 037,61

27.07.09

835,23

10.07.09

RTS-2 Index

893,06

4,02%

40,38%

-60,35%

893,06

31.07.09

800,46

16.07.09

RTS Oil & Gas

147,63

2,94%

12,45%

-44,02%

151,25

27.07.09

119,71

10.07.09

RTS ЎV Consumer & Retail

158,02

3,38%

26,02%

-49,43%

158,02

31.07.09

141,90

15.07.09

RTS ЎV Metals & Mining

157,87

2,60%

26,76%

-50,31%

159,94

27.07.09

131,10

13.07.09

RTS ЎV Industrials

77,22

6,78%

33,78%

-77,84%

77,22

31.07.09

69,02

13.07.09

RTS ЎV Electric utilities

137,62

-5,97%

30,56%

-55,28%

149,07

01.07.09

123,48

13.07.09

RTS ЎV Telecom

121,12

4,25%

16,22%

-50,95%

122,19

27.07.09

107,13

13.07.09

RTS - Financials

221,75

3,99%

44,67%

-62,53%

221,75

31.07.09

190,78

10.07.09