OREANDA-NEWS. November 05, 2009. For the week of October 19 – October 23, 2009 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,461.3 points (3.74%) from 1,408.68 points as of October 16, 2009. At the end of the week the RTS Index was 16.50% higher than a month ago (1,254.31 points as of September 23, 2009) and 129.57% higher than a year ago (636.54 points as of October 23, 2008).

Over the week the US dollar lost 0.78% against the Russian ruble.

Out of 50 RTSI constituents 35 were pushing the Index upwards (plus 55.44 points overall), 8 securities moved negatively (minus 2.81 points overall). The price for 7 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 17.51 points), Gazprom (plus 6.19 points) and OJSC "MMC "NORILSK NICKEL" (plus 6.01 points).

The negative impact was mainly coming from the falling prices for ordinary shares of JSC Gazprom Neft (minus 1.20 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 (19.43%) and metallurgy (10.81%).

On the sector level the major positive contributors were the banks & finance sector (plus 18.01 points in total) followed by the oil & gas sector sector (plus 14.25 points overall) and the metals & mining sector (plus 9.85 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 376.8 billion rubles or 4.5 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 77.56% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 3.74%, December contracts (RTS-12.09) and March contracts (RTS-03.10) went up by 4.20% and 3.81% respectively.

Last week RTSI linked futures were trading near the spot. By the end of the reviewed period December contracts were 8.50 points in backwardation. For March contracts backwardation stood at 11.35 points.

For the week investor’s open interest measured in contracts increased by 12.60%.

Second-tier stocks

For the week of October 19 – October 23, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index went up by 2.60% to 1,346.85 points (1,312.68 points as of October 16, 2009). At the end of the week the RTS-2 Index was 13.09% higher than a month ago (1,190.94 points as of September 23, 2009), and 68.29% higher than a year ago (800.30 points as of October 23, 2008).

34 constituents out of 71 stocks on the basis of which the RTS-2 Index is calculated were pushing the Index upwards (plus 44.56 points overall), 15 instruments behaved negatively (minus 10.39 points). The price for 22 securities remained unchanged.

Most of the positive impact was related to the growing prices for ordinary shares of JSC "IDGC Holding" (plus 12.81 points), JSC Acron (plus 4.36 points) and JSC "Polymetal" (plus 3.80 points).

The negative push was mainly due to the decreasing prices for ordinary shares of OJSC "Magnit" (minus 2.60 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.9%), followed by the consumer goods & trading sector (15.76%) and the telecom sector (13.13%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: power (plus 12.56 points in total) followed by chemical production (plus 6.44 points overall) and metals & mining (plus 5.99 points in total).

The RTS family of indices

 

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Week

RTS Index

1,461.3

3.74%

16.50%

49.73%

129.57%

RTS-2 Index

1,346.85

2.60%

13.09%

58.84%

68.29%

RTS – Oil & Gas

199.18

1.92%

15.53%

39.37%

113.39%

RTS – Consumer & Retail

223.79

0.50%

3.20%

48.52%

66.77%

RTS – Metals & Mining

232.11

5.69%

16.39%

50.11%

170.84%

RTS – Industrial

137.28

2.37%

8.81%

89.93%

0.26%

RTS – Electric Utilities

210.41

2.44%

17.54%

59.87%

119.84%

RTS – Telecom

174.22

4.72%

11.89%

48.30%

80.58%

RTS - Financials

362.76

3.15%

13.63%

78.19%

116.29%

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

The US dollar depreciated by 0.78% against the Russian ruble to reach 29.09 rubles per US dollar (29.32 rubles as of October 16, 2009).

The largest growth was shown by the metals & mining sector. The RTS Index – Metals & Mining gained 5.69%. The telecom sector also demonstrated a significant increase, with the RTS Index – Telecom adding 4.72%.

The slightest growth was reported by the consumer & retail sector, with the corresponding index going up by 0.50%.