OREANDA-NEWS. November 13, 2009.For the week of November 2 -November 6, 2009 the Russian stock market experienced a sideways trend.

The RTS Index (RTSI) went down to 1,337.54 points (0.82%) from 1,348.50 points as of October 30, 2009. At the end of the week the RTS Index was 5.27% higher than a month ago (1,270.63 points as of October 6, 2009) and 72.03% higher than a year ago (777.52 points as of November 6, 2008).

Over the week the US dollar lost 0.72% against the Russian ruble.

Out of 50 RTSI constituents 22 were pulling the Index down (minus 20.26 points overall), 16 securities moved positively (plus 9.27 points overall). The price for 12 securities remained unchanged.

The negative effect leaders were ordinary shares of "LUKOIL" (minus 5.57 points), OJSC Uralkali (minus 4.19 points) and Surgutneftegas (minus 3.38 points).

The positive impact was mainly coming from the raising prices for ordinary shares of OJSC "Polyus Gold" (plus 3.46 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 (20.03%) and metallurgy (11.17%).

On the sector level the major negative contributors were the oil & gas sector (minus 8.79 points in total) followed by the chemical production sector (minus 4.06 points overall) and the power sector (minus 2.73 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 303.2 billion rubles or 3.95 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 75.41% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI losing 0.82%, December contracts (RTS-12.09) climbed 0.31% and March contracts (RTS-03.10) shed 0.76%.

Last week RTSI linked futures were mainly trading below the spot. By the end of the reviewed period December contracts were 19.39 points in backwardation. For March contracts backwardation stood at 17.54 points.

For the week investor’s open interest measured in contracts increased by 10.04%.

Second-tier stocks

For the week of November 2 – November 6, 2009 the second tier stocks market demonstrated a mixed trend.

Over the reviewed period the RTS-2 Index lost 0.12% to reach 1,294.10 points (1,292.56 points as of October 30, 2009). At the end of the week the RTS-2 Index was 4.94% higher than a month ago (1,233.15 points as of October 6, 2009), and 86.46% higher than a year ago (694.05 points as of November 6, 2008).

14 constituents out of 71 stocks on the basis of which the RTS-2 Index is calculated had a positive impact on the RTS-2 Index (plus 23.21 points overall), 27 instruments moved negatively (minus 21.67 points). The price for 30 securities remained unchanged.

Most of the positive effect was related to the growing prices for privileged and ordinary shares of Bashneft (plus 5.76 and 4.96 points respectively) and ordinary shares of OAO Raspadskaya (plus 3.31 points).

The negative impact was mainly due to the falling prices for ordinary shares of JSC "OGK-2" (minus 3.68 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (27.9%), followed by the consumer goods & trading sector (16.2%) and the telecom sector (13.2%).

Most of the RTS-2 Index growth was due to the positive contributions by the securities of the following sectors: oil & gas (plus 10.72 points in total) followed by consumer goods & trading (plus 1.89 % points overall) and chemical production (plus 1.79 points in total).

The RTS family of indices

 

Index

Last Value

Change Over (Period), %

Week

Month

Quarter

Week

RTS Index

1,337.54

-0.82%

5.27%

23.41%

72.03%

RTS-2 Index

1,294.1

0.12%

4.94%

39.37%

86.46%

RTS Oil & Gas Index

178.77

-1.19%

2.65%

14.46%

53.00%

RTS Consumer & Retail Index

215.89

0.83%

-2.13%

31.00%

86.84%

RTS Metals & Mining Index

221.7

3.20%

9.86%

28.92%

107.92%

RTS Industrial Index

132.56

-3.90%

-3.16%

63.29%

35.49%

RTS Electric Utilities Index

192.48

-2.43%

3.55%

28.49%

112.47%

RTS Telecom Index

164.7

-0.30%

4.52%

33.52%

69.92%

RTS Finances Index

339.39

0.51%

4.13%

47.18%

87.76%

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

The US dollar depreciated by 0.72% against the Russian ruble to reach 29.13 rubles per US dollar (29.34 rubles as of October 30, 2009).

The largest decline was shown by the industrial sector. The RTS Industrial Index shed 3.90%. The power sector also demonstrated a significant decrease, with the RTS Electric Utilities Index losing 2.43%.

A considerable growth was only reported by the metals & mining sector, with the RTS Metals & Mining Index adding 3.20%.