OREANDA-NEWS. October 15, 2009. For the week of October 5 -October 9, 2009 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,372.11 points (12.03%) from 1,224.80 points as of October 2, 2009. At the end of the week the RTS Index was 18.31% higher than a month ago (1,159.8 points as of September 9, 2009) and 62.43% higher than a year ago (844.75 points as of October 9, 2008).

Over the week the US dollar lost 1.40% against the Russian ruble.

Out of 50 RTSI constituents 36 were pushing the Index upwards (plus 147.55 points overall), however, 3 securities behaved negatively (minus 0.23 points overall). The price for 11 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 37.45 points), ИуИоИу "LUKOIL" (plus 33.05 points) and OJSC "OC "Rosneft" (plus 21.40 points).

The negative impact was mainly coming from the falling prices for ordinary shares of JSC "Aeroflot" (minus 0.2 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 (20.11%) and metallurgy (10.23%).

On the sector level the major positive contributors were the oil & gas sector (plus 85.55 points in total) followed by the banks & finance sector (plus 43.91 points overall) and the metals & mining sector (minus 7.64 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 275.4 billion rubles or 3.6 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 73.44% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 12.03%, December contracts (RTS-12.09) and March contracts (RTS-03.10) went up by 14.67% and 15.77% respectively.

Last week RTSI linked futures went out of backwardation. By the end of the reviewed period December contracts were 12.49 points in contango. For March contracts contango stood at 7.89 points.

For the week investorЎ¦s open interest measured in contracts increased by 12.62%.

Second-tier stocks

For the week of October 5 ЎV October 9, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index went up by 4.22% to 1,268.94 points (1,217.57 points as of October 2, 2009). At the end of the week the RTS-2 Index was 21.49% higher than a month ago (1,044.45 points as of September 9, 2009), and 15.04% higher than a year ago (1,103.09 points as of October 9, 2008).

38 constituents out of 71 stocks on the basis of which the RTS-2 Index is calculated were pushing the Index upwards (plus 54.43 points overall). However, 10 instruments behaved negatively (minus 3.06 points). The price for 23 securities remained unchanged.

Most of the positive impact was related to the growing prices for ordinary shares of JSC "ИцhTRP" (plus 6.92 points), JSC "IDGC Holding" (plus 6.40 points) and PJSC "NCSP" (plus 4.57 points).

The negative push was mainly due to the decreasing prices for ordinary shares of JSC "Aeroflot" (minus 1.48 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (27.2%), followed by the consumer goods & trading sector (16.8%) and the telecom sector (13.3%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 23.50 points in total) followed by metals & mining (plus 12.51 points overall) and water transportation (plus 5.12 points in total).

The RTS family of indices

 

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Year

RTS Index

1,372.11

12.03%

18.31%

55.05%

62.43%

RTS-2 Index

1,268.94

4.22%

21.49%

52.33%

15.04%

RTS ЎV Oil & Gas

188.17

12.78%

15.88%

49.76%

55.69%

RTS ЎV Consumer & Retail

222.96

1.56%

19.98%

49.20%

20.42%

RTS ЎV Metals & Mining

208.24

5.39%

17.25%

44.49%

86.13%

RTS ЎV Industrial

138.23

6.43%

41.02%

96.27%

-25.71%

RTS ЎV Electric Utilities

196.71

7.12%

26.91%

47.77%

56.92%

RTS ЎV Telecom

159.69

3.71%

5.10%

44.18%

34.93%

RTS - Financials

350.58

11.47%

28.45%

74.29%

39.25%

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

The US dollar depreciated by 1.40% against the Russian ruble to reach 29.64 rubles per US dollar (30.06 rubles as of October 2, 2009).

The largest growth was shown by the oil & gas sector. The RTS Index ЎV Oil & Gas gained 12.78%. The financial sector also demonstrated an increase, with the RTS Index ЎV Financials adding 11.47%.

The slightest growth was reported by the consumer & retail sector, with the corresponding index going up by 1.56%.