OREANDA-NEWS. November 23, 2009. For the week of November 9 – November 13, 2009 the Russian stock market experienced an upturn of prices.

The RTS Index (RTSI) went up to 1,419.49 points (6.13%) from 1,337.54 points as of November 6, 2009. At the end of the week the RTS Index was 1.39% higher than a month ago (1,400.02 points as of October 13, 2009) and 128.98% higher than a year ago (619.91 points as of November 13, 2008).

Over the week the US dollar lost 1.59% against the Russian ruble.

Out of 50 RTSI constituents 37were pushing the Index up (plus 83.20 points overall), 4 securities moved negatively (minus 1.25 points overall). The price for 9 securities remained unchanged.

The positive effect leaders were ordinary shares of Sberbank (plus 17.55 points), OJSC "OC "Rosneft" (plus 13.65 points) and "FGC UES ", JSC (plus 6.47 points).

The negative impact was mainly coming from the falling prices for privileged shares of Transneft (minus 0.70 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 (20.51%) and metallurgy (11.00%).

On the sector level the major positive contributors were the oil & gas sector (plus 35.51 points in total) followed by the banks & finance sector (plus 23.22 points overall) and the power sector (plus 11.52 points in total).

RTSI Futures Contracts

The weekly trading volume in the RTSI derivatives amounted to 345.2 billion rubles or 4.26 million contracts. Futures contracts on the RTS Index remained the most liquid instrument on the Russian derivatives market, making up 76.29% of the total FORTS turnover (Futures and Options on RTS) in cash terms.

With the RTSI gaining 6.13%, December contracts (RTS-12.09) climbed 6.41% while March contracts (RTS-03.10) shed 6.06%.

Last week RTSI linked futures were mainly trading below the spot. By the end of the reviewed period December contracts were 16.79 points in backwardation. For March contracts backwardation stood at 19.49 points.

For the week investor’s open interest measured in contracts decreased by 2.84%.

Second-tier stocks

For the week of November 9 – November 13, 2009 the second tier stocks market demonstrated a positive trend.

Over the reviewed period the RTS-2 Index added 4.44% to reach 1,351.52 points (1,294.10 points as of November 6, 2009). At the end of the week the RTS-2 Index was 4.04% higher than a month ago (1,299.04 points as of October 13, 2009), and 115.50% higher than a year ago (627.15 points as of November 13, 2008).

36 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 58.78 points overall), 6 instruments moved negatively (minus 1.35 points). The price for 29 securities remained unchanged.

Most of the positive effect was related to the growing prices for ordinary shares of JSC "IDGC Holding" (plus 13.66 points), JSC "Polymetal" (plus 5.13 points) and JSC "OGK-4" (plus 4.20 points).

The negative impact was mainly due to the falling prices for ordinary shares of Ufaneftekhim (minus 0.69 points).

In terms of weight in the RTS-2 Index, the power sector was the largest (28.4%), followed by the consumer goods & trading sector (16.3%) 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: power (plus 23.03 points in total) followed by consumer goods & trading (plus 10.94 points overall) and metals & mining (plus 8.92 points in total).

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

The US dollar depreciated by 1.59% against the Russian ruble to reach 28.67 rubles per US dollar (29.13 rubles as of November 6, 2009).

The largest growth was shown by the power sector. The RTS Electric Utilities Index gained 10.34%. The financial sector also demonstrated a significant increase, with the RTS Finances Index adding 6.99%.

The slightest growth was reported by the industrial sector, with the RTS Industrial Index climbing 1.54%.

The RTS family of indices

Last

Change over (Period), %

 

Index

Value

Week

Month

Quarter

Year

RTS Index

1,419.49

6.13%

1.39%

34.60%

128.98%

RTS-2 Index

1,351.52

4.44%

4.04%

45.00%

115.50%

RTS Oil & Gas Index

187.87

5.09%

-1.97%

26.83%

104.34%

RTS Consumer & Retail Index

229.99

6.53%

2.91%

37.16%

149.56%

RTS Metals & Mining Index

231.37

4.36%

7.13%

35.20%

170.96%

RTS Industrial Index

134.6

1.54%

-3.83%

66.34%

58.95%

RTS Electric Utilities Index

212.38

10.34%

1.98%

43.91%

139.17%

RTS Telecom Index

172.87

4.96%

6.64%

41.10%

108.50%

RTS Finances Index

363.11

6.99%

1.91%

54.20%

126.94%