OREANDA-NEWS. September 11, 2009. For the week of August 31 -September 4, 2009 the Russian stock market experienced a decline in prices.

The RTS Index (RTSI) went down to 1,063.57 points (2.38%) from 1,089.46 points as of August 28, 2009. By the end of the week the RTS Index was 1.02% lower than a month ago (1,074.49 points as of August 4, 2009) and 30.33% lower than a year ago (1,526.57 points as of September 4, 2008).

Over the week the US dollar gained 0.41% against the Russian rouble.

Out of 50 RTSI constituents 20 were pulling the Index downwards (minus 46.2 points overall), however, 19 securities were offsetting this negative impact (plus 20.32 points overall). The price for 11 securities remained unchanged.

The negative effect leaders were ordinary shares of †п†б†п "LUKOIL" (minus 10.90 points), Gazprom ordinary shares (minus 9.24 points) and ordinary shares of Surgutneftegas (minus 8.29 points).

Most of the positive impact was coming from the growing prices for Sberbank ordinary shares (plus 17.03 points).

Over 50% of the RTSI total capitalization continued to be concentrated in the oil and gas sector. The other large-weight sectors were finance (19.01%) and metallurgy (11.04%).

On the sector level the major negative contributors were the oil & gas sector (minus 35.29 points overall), the metals & mining sector (minus 5.51 points overall) and the chemicals sector (minus 2.64 points).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 170.6 billion roubles or 2.5 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 62.33% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 2.38%, both September contracts (RTS-09.09) and December contracts (RTS-12.09) went down by 1.96% and 2.42% respectively.

Last week RTSI linked futures were trading below the spot. By the end of the reviewed period September contracts were 8.27 points in backwardation. For December contracts backwardation stood at 9.57 points.

Throughout the week investorЎ¦s open interest measured in contracts increased by 8.17%.

Second-tier stocks

For the week of August 31 ЎV September 4, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index went down up 2.38% to 999.98 points (976.73 points as of August 28, 2009). At the end of the week the RTS-2 Index was 8.52% higher than a month ago (921.47 points as of August 4, 2009), and 44.65% lower than a year ago (1,806.72 points as of September 4, 2008).

32 constituents out of 72 stocks on the basis of which the RTS-2 Index is calculated were pushing the Index upwards (plus 34.82 points overall). However, 13 instruments behaved negatively (minus 11.57 points). The price for 27 securities remained unchanged.

Most of the positive impact was related to the growing prices for privileged shares of JSC CenterTelecom (plus 5.48 points), Bashneft (plus 3.82 points) and O.J.S.C. "Uralsvyazinform" (plus 3.72 points).

The negative push was mainly related to ordinary shares of OAO Raspadskaya (minus 2.81 points), JSC "IDGC Holding" (minus 1.68 points) and JSC "INTER RAO UES" (minus 1.49 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (23.1%), followed by the consumer goods & trading sector (17.0%) and the telecom sector (14.9%).

Most of the RTS-2 Index growth was due to the negative contributions by the securities of the following sectors: telecom (plus 15.26 points in total) followed by oil & gas (plus 4.24 points overall) and banks & finance (plus 3.98 points in total).

The RTS family of indices

 

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Year

RTS Index

1,063.57

-2.38%

-1.02%

-4.07%

-30.33%

RTS-2 Index

999.98

2.38%

8.52%

13.05%

-44.65%

RTS ЎV Oil & Gas

147.21

-5.71%

-4.81%

-7.75%

-28.27%

RTS ЎV Consumer & Retail

181.41

0.25%

10.52%

12.44%

-31.61%

RTS ЎV Metals & Mining

168.4

-4.20%

-1.08%

1.41%

-33.58%

RTS ЎV Industrial

92.36

4.91%

15.74%

6.20%

-67.00%

RTS ЎV Electric Utilities

146.74

-0.22%

-0.35%

-4.25%

-44.73%

RTS ЎV Telecom

143.11

4.29%

16.25%

14.18%

-30.29%

RTS - Financials

256.07

5.74%

12.30%

4.51%

-45.19%

Last week most economy sectors represented on the Russian stock market demonstrated a multidirectional movement of prices.

The US dollar gained 0.41% against the Russian rouble to 31.77 roubles per US dollar (31.64 roubles as of August 28, 2009).

The oil & gas sector experienced the largest decline. The RTS Index ЎV Oil & Gas went down by 5.71%. A significant decrease was also reported by the metals & mining sector, with the corresponding index losing 4.20%.

The largest growth was shown by the financials sector. The RTS Index ЎV Financials climbed 5.74%.